At what enterprise value was TIVIT acquired in 2010?

You can find the full valuation details of TIVIT on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 1b - 4b USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.3x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of TIVIT when it was acquired by APAX PARTNERS?

The exact EV/EBITDA multiple for TIVIT is available on mynth capital. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.3x. Join our community for free to access full valuation data and industry trends.

When was TIVIT acquired by APAX PARTNERS?

TIVIT was acquired by APAX PARTNERS in 2010.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the TIVIT acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the TIVIT deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.apax.com/news-views/apax-partners-announces-first-investment-in-brazil/

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Home Database TMT (Tech, Media, Telecom)TIVIT

05/2010

APAX PARTNERS takes majority stake in TIVIT

BRAZIL IT Services / Infrastructure & Cloud / MSP (Managed Services) EV 1b - 4b USD

Context

Funds advised by Apax Partners have acquired a 54.25% controlling stake in TIVIT, a leading Brazilian provider of integrated IT services and Business Process Outsourcing (BPO), from Votorantim Novos Negócios and Pátria Investimentos. TIVIT serves approximately 300 of Brazil’s largest companies, with a strong client base across banking, insurance, manufacturing, retail, utilities and telecommunications. Its nationwide platform includes multiple operational sites across Brazil, enabling large-scale delivery of outsourced IT and business operations. The acquisition supports Apax’s strategy of investing in market-leading technology and services businesses benefiting from structural growth trends in digital transformation and IT outsourcing. Following completion, Apax Funds intended to initiate a mandatory public tender offer for the remaining shares, consolidating full ownership. The management team, led by CEO Luiz Mattar, retained a meaningful stake and continued to drive the company’s growth strategy, focusing on expansion within Latin America and strengthening TIVIT’s position as a leading regional technology services platform.

TIVIT, which reported an EBITDA margin of LOGIN in 2010, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.3x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

TIVIT is a leading Latin American provider of integrated IT services and Business Process Outsourcing (BPO), headquartered in Brazil. The company operates across three core business lines: IT infrastructure services, application systems, and BPO solutions, delivering end-to-end technology and operational support to large enterprises. TIVIT manages mission-critical operations for its clients, offering scalable and secure infrastructure environments, enterprise application management, and outsourced business processes. Its service model is designed to support large organizations in running complex, high-volume digital and operational workloads with reliability and efficiency. The company has a strong market position in Brazil and Latin America, serving a broad base of blue-chip clients across sectors including banking, insurance, manufacturing, retail, public utilities, and telecommunications. Its client portfolio includes many of the largest corporations in Brazil, reflecting its role as a key infrastructure and outsourcing partner in the region.

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List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
06/2025	ALMAVIVA	TIVIT	BRAZIL	IT Services	Funds advised by Apax Partners have agreed to sell TIVIT, a leading Brazilian IT services and Business Process Outsourcing (BPO) platform, to Almaviva, an Italian digital transformation group, in a full exit transaction signed in June 2025. The deal marks the end of Apax’s 15-year ownership period, during which TIVIT was transformed into one of the largest technology services providers in Latin America. The transaction positions TIVIT within Almaviva’s global digital services ecosystem, creating a larger integrated technology group with expanded scale across Latin America and Europe. The acquisition of TIVIT by Almaviva was facilitated by the financial advice of J.P. Morgan and the legal advice of Mattos Filho and Skadden for Apax, and of Benetti & Giammarino Advogados and L.O. Baptista Advogados for Almaviva.

REFERENCES

Valuation range: EV 1b - 4b USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of TIVIT by APAX PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: tivit

Acquirer: apax partners