20 Nov 2019
FH S.A., one of Brazil’s top SAP consulting and development companies, reached an agreement to sell a majority stake to itelligence-group, the global leader in SAP consulting and part of the German NTT DATA Group. The closing of the transaction is conditional upon regulatory approvals, which are expected to be granted in December.
Founded in 1999, FH provides end-to-end services for SAP S/4HANA, SAP C/4HANA, as well as its own tax software that is in use by companies that together account for over 8% of Brazil’s GDP. FH is Latin America’s leading vendor in SAP’s Customer Experience portfolio and has completed numerous successful SAP rollout projects in over 30 countries.
Clairfield International acted as exclusive financial advisor to FH. The transaction was unusually complex due to the difficult company structure involving six legal entities in Brazil with five main shareholders and approximately 45 mini shareholders. Lead dealmaker Dirk Freiland successfully controlled the entire process on both sides including representatives from all the companies and countries on the core M&A and due diligence team.
Read more here: Deal of the month FH