TIVIT acquired by ALMAVIVA
Context
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.
It is worth noting that the fund Apax Partners took control of Tivit through an LBO in 2010.
TIVIT, which reported an EBITDA margin of [members only] in 2023, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.6x).
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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.
Ent. Value
BRL 1–10bn
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (BRL)
Other operations with TIVIT
Other operations with TIVIT
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 05/2010 | APAX PARTNERS | TIVIT | BRAZIL | MSP (Managed Services) |
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REFERENCES
Revenue range: BRL 1–10bn
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: tivit
Acquirer: almaviva