Acquisitions in Uruguay

CCPA Group, a French animal nutrition company, has acquired Nutrisur, a Uruguayan animal nutrition premix company with more than 20 years of experience. The transaction will be executed through Euro-Nutec Premix, CCPA’s joint venture with Mexico-based Nutec Group, to expand CCPA’s presence in Latin America and strengthen service to regional customers.

Linzor Capital Partners announced the sale of its portfolio company Pagnifique, the leading producer of frozen bread and pastries in Uruguay, to Grupo Bimbo. The transaction supports Grupo Bimbo’s strategic expansion in Latin America and is expected to enhance Pagnifique’s growth prospects, innovation, and market reach.

Sparq, a U.S.-based outsourced digital engineering provider, acquired Octobot, a nearshore digital engineering firm. The deal expands Sparq’s digital product development services and strengthens its nearshore delivery network across Uruguay, Argentina, and Colombia, adding capabilities spanning product strategy and design, data engineering, and cloud development.

GlobalLogic Inc., a Hitachi Group company, announced the acquisition of Hexacta, a Pan-Latin-America digital and data engineering firm. The deal expands GlobalLogic’s nearshore footprint and adds software development, IT consulting, UI/UX, and data engineering/analytics capabilities across Latin America. Terms were not disclosed, and Hexacta will operate as a wholly owned subsidiary of GlobalLogic following closing (expected by end of calendar Q1 2023).

Emergent Cold Latin America (Emergent LatAm) acquired Polo Logístico de Frio (PLF), a refrigerated storage and logistics provider in Uruguay, marking Emergent’s entry into the Uruguayan market. PLF operates a cold storage facility roughly 30 kilometers from the Port of Montevideo and provides storage and value-added services including bonded storage. Emergent LatAm said it plans to expand PLF’s facility to up to double its current size to enhance service offerings and operational capabilities.

Perficient, Inc. (Nasdaq: PRFT) announced it has acquired Izmul S.A. and its subsidiaries, collectively known as Overactive, a nearshore software development firm based in Montevideo, Uruguay with approximately $40 million in annual revenue. The deal expands Perficient’s nearshore delivery footprint across Latin America (including Colombia, Argentina, Uruguay, and Chile) and adds nearly 700 software development professionals; Overactive CEO Nicolás Chiappara will join Perficient in a leadership role.

Cooke Seafood Group, the parent company of Cooke Seafood USA, Inc., submitted an offer to acquire 100% of the assets of Uruguayan seafood company Fripur S.A. The bid was made under court tender specifications and includes a business plan incorporating workers progressively. Antarctica Advisors is acting as Cooke’s exclusive investment banking advisor on the transaction.