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05/2010

APAX PARTNERS takes majority stake in TIVIT

BRAZIL IT Services / Infrastructure & Cloud / MSP (Managed Services) EV $1–10bn

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 [members only] in 2010, 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).

-> 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.

Ent. Value

$1–10bn

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2010
[members only]
[members only]
[members only]
2009
[members only]
[members only]
[members only]

Other operations with TIVIT

Other operations with TIVIT

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
06/2025ALMAVIVATIVITBRAZILMSP (Managed Services)

REFERENCES

Valuation range: EV $1–10bn

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: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: tivit

Acquirer: apax partners