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Founded in 2001, Labsoft is widely recognized for the usability and flexibility of MyLIMS, its cloud-native platform, serving hundreds of clients across over 10 countries. The company has a strong presence in highly regulated industries such as food & beverage, mining, chemicals, and pharmaceuticals. Its customer base includes major national and international brands such as Femsa, Shell, Clariant, Eurochem, and BRK.

The transaction marks the exit of Kilimanjaro Capital, a search fund that acquired a majority stake in Labsoft in 2022. It represents a successful liquidity event for search fund investors in Brazil, with the company being sold to an international strategic buyer.

Confience is a global laboratory software platform, created by STG through the combination of leading companies in quality management, compliance, and data integrity software. With over US$12 billion in assets under management, STG has a proven track record of building and scaling global software platforms in specialized sectors.

Strategic Rationale

With this acquisition, Confience strengthens its presence in Latin America and expands its portfolio with a solution known for its best-in-class usability and configurability. The company plans to accelerate the international expansion of the combing company, leveraging Labsoft’s multinational customer base and its highly scalable technology to reach new markets worldwide.

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Elite Advanced Polymers, founded in 2001, is a specialty rubber compounder that develops customized elastomer formulations for demanding applications. The company rebranded from Elite Elastomers in 2021 and today is headquartered in Dallas, Texas with manufacturing operations in Ripley, Mississippi, supported by an R&D infrastructure focused on polymer compounding innovation.

Robbins LLC, established in 1921 and based in Muscle Shoals, Alabama, is a leading manufacturer of tire retreading solutions—most notably inner and outer envelopes, curing tubes, and OTR envelopes—engineered for durability and low cost per cure.

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Lola From Rio, one of the pioneering vegan product brands in Brazil, and Skala, recognized for its democratization in the cosmetics sector, have joined forces to form one of the largest beauty groups in the country, with the support of private equity firm Advent International.

Founded in 2011, Lola From Rio stands out for its innovative formulas and humorous communication, offering a diverse portfolio of around 180 products, primarily focused on hair care, as well as lines for body and home. The brand has gained presence in over 40 countries, with a strong emphasis on Latin American markets.

In 2024, Advent International, one of the leading global private equity firms, acquired a controlling stake in Skala, marking its first investment in the cosmetics sector in Brazil. With a track record of over US$ 15 billion invested in 85 consumer companies globally, the investment will come from a US$ 2 billion fund dedicated to opportunities in Latin America to support the expansion of the new group.

Strategic Rationale

The transaction, advised by igc partners, represents a milestone in the Brazilian beauty market and reinforces igc’s position as the leading advisor in the sector. By bringing together two complementary brands, this deal creates one of the largest and most dynamic beauty groups in the country. Backed by Advent International’s capital, global experience, and strategic guidance, the new group is well-positioned to accelerate growth, expand internationally, and strengthen its leadership in the beauty industry.

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Founded in 2020, BITKA has a team of over 140 data specialists and develops sophisticated analytical solutions by combining techniques in AI, Optimization, Software Engineering, and Machine Learning. With a strong presence in the mining sector and a client portfolio that includes Vale, Anglo American, Vibra, and CSN, BITKA is recognized for its technical excellence and pragmatic approach, applying its expertise in AI, Prescriptive and Predictive Modeling, and Generative AI to solve high-complexity business challenges.

Founded in Italy, BIP operates in 40 countries and employs more than 5,700 professionals of 47 nationalities. The company is one of the world’s leading consultancies in management and digital transformation. Since 2021, it has been backed by CVC Capital Partners, one of the largest global private equity funds, with over €200 billion in assets under management.

Strategic Rationale

The acquisition of BITKA strengthens BIP’s international network of specialists, reinforces its ambition to operate as an end-to-end consultancy, and marks another step in its expansion strategy in Latin America, highlighting its commitment to becoming a leading consulting player in strategic markets such as mining.

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Positioned as a supplier of ingredients for the Nutrition and Flavors industries, Aplinova was acquired by Prinova, a leading distributor in the food ingredients market.

Founded in 1987, Aplinova became a leader in the food ingredients industry, distributing and producing high-quality solutions for a wide range of customers in Brazil. Headquartered in São Paulo, in the state of São Paulo, and with branches in Jundiaí and Manaus, the company has established an unparalleled reputation in the market due to the high quality, reliability, and technical service level provided to its customers.

Headquartered in Illinois, United States, Prinova is a global leader in the distribution of food ingredients, flavors, and fragrances. Since 2019, Prinova has been part of the Japanese Nagase Group, connected to a global distribution network with presence in the United States, Europe, Asia, and other regions.

Strategic Rationale

The acquisition of Aplinova, which was advised by igc partners, will drive Prinova's growth in Brazil in the food ingredients segment while also expanding its geographic presence in the consolidating chemicals distribution market.

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Founded in 2012, BR Media Group was a pioneer in the influencer marketing sector in the country. Today, the group offers a comprehensive portfolio of data- and technology-driven solutions for brands, agencies, and content creators, establishing itself as the leading creator economy ecosystem in Brazil.

Headquartered in Paris (France), with operations in over 100 countries, and a workforce of more than 100,000 employees, Publicis Groupe is the world’s largest marketing and communications holding company, owning renowned businesses such as Leo Burnett, Saatchi & Saatchi, BBH, Starcom, Zenith, Digitas, Epsilon, and Sapient.

Strategic Rationale

This acquisition strengthens Publicis’ presence in one of the fastest-growing marketing segments globally, with Brazil standing out as the second-largest market worldwide. The transaction with BR Media further consolidates Publicis as the leading global creator economy platform. With this deal, Publicis further accelerates BR Media Group’s expansion in Brazil and Latin America. The completion of the transaction is subject to approval by the Brazilian Antitrust Authority (CADE).

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igc partners is pleased to announce that it has advised Oobj, a Goiânia/GO based SaaS company that offers a platform for electronic tax documents, including issuance and capture of electronic documents, for small, medium and large companies in Brazil.

Brazil was one of the first countries to adopt the electronic invoice in the world, and Oobj was one of the pioneers in the country back in 2007.

Headquartered in Durham, NC, Avalara is a leading cloud-based tax compliance automation software company. Avalara employs more than 4,700 people worldwide and serves more than 41,000 customers in 75+ countries. Avalara has in its portfolio solutions for tax calculation and determination, ancillary obligations at the federal, state and municipal levels, BPO services, among others.

Strategic Rationale

By combining forces with Oobj, Avalara will further strengthen its position as a provider of the issuance and receipt of electronic documents and tax compliance services in Brazil and in the Latin American market. This acquisition enhances Avalara’s presence in a region where electronic invoicing is deeply embedded in the economy and expands its portfolio of solutions tailored to local tax compliance needs.

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Founded in 2017, Aoop has a comprehensive portfolio, covering all ServiceNow verticals and serving clients from various sectors with a focus on accelerating automated digital strategies.With a strategy focused on driving the future of organizations and providing comprehensive services throughout the entire lifecycle, Aoop has accumulated approximately 2,500 digital transformation projects and boasts over 300 certified professionals in ServiceNow solutions. This expertise has enabled the company to become an Elite Partner of ServiceNow in record time. Continuous commitment to excellence and the delivery of innovative solutions have established Aoop as a reference in the market, integrating intelligent efficiency throughout the production chain.

The complete consummation of the transaction still depends on the approval of the Administrative Council for Economic Defense (CADE).

Strategic Rationale

This transaction strengthens NTT DATA’s competitive position in Brazil by combining SAP and ServiceNow capabilities, placing the company among the market leaders in ServiceNow solutions in Latin America. By integrating Aoop’s elite certification, proven expertise, and client base, NTT DATA enhances its ability to deliver full lifecycle digital transformation services, expands its footprint in the Latin American ServiceNow ecosystem, and reinforces synergies across its global operations.

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Founded in 1971, Inapel is a traditional national flexible packaging company focused on the food sector, with a wide portfolio of products such as bags, blisters, pouches, brick packs, doy packs, flow packs and others. The Company, which has its headquarters in Guarulhos/SP and an industrial plant in Jundiaí/SP, is a supplier to the main multinational consumer goods companies in the domestic market and has a production capacity of 1,500 tons/month.

Sonoco is a global provider of consumer, industrial, healthcare, and protective packaging. With sales of $7.3 billion in 2022, the Company has 22,000 employees working in approximately 300 operations in 32 countries serving some of the world’s best-known brands in some 85 nations.

The operation stands out as one of the main transactions in the flexible packaging segment in Brazil in recent years.

Strategic Rationale

The transaction is part of Sonoco's global strategy to increase its operations in response to the growing demand for this type of packaging in Brazil, adding value to customers and facilitating the development of Sonoco Graffo's activities in Brazil. For Inapel, this will guarantee the continuity of the Company's operations with excellence in the market, new investments, and expansion of its activities.

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igc partners is pleased to announce that it has advised A.Azevedo Óleos, a pioneering company in the production of oleochemicals and a reference in the Brazilian castor oilmarket, in the sale transaction to Oleon, an Avril company and European leader in oleochemicals, transforming vegetable oils and animal fats into fatty acids, glycerin, dimers, esters and other specialties.

Founded in 1965, A.Azevedo Óleosis a family-owned business and a leader in the castor oil industry in Brazil. The company is recognized for its expertise in the extraction, industrialization, commercialization, and distribution of oleochemicals from various seeds. With a team of 250 employees, the company has become a benchmark for serving its more than 2,000 customers with quality and efficiency, offering a versatile, high-value-added, and 100% green portfolio. ‍

Strategic Rationale

This acquisition marks a transformational moment for A.Azevedo Óleos and strengthens Oleon’s position in the rapidly growing South American market, particularly in Brazil, aligning with its long-term strategy for sustainable growth.

It represents a pivotal step in Oleon’s global expansion, reinforcing its presence in South America and strengthening its footprint in the Brazilian market — a region with significant long-term growth potential, especially in lubricants and personal care. By combining A.Azevedo Óleos’ deep expertise, strong local presence, and green, value-added portfolio with Oleon’s global leadership and sustainable growth strategy, the companies are well-positioned to deliver greater value to their customers and enhance their global positioning in the oleochemicals market.

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Founded in 1976, Sense Eletrônica has become a leading name in factory and process automation sensors across Latin America, with strong product design and engineering capabilities, exceptional customer service, and close relationships with over 2,000 clients.

Strategic Rationale

The acquisition of Sense strengthens TE Connectivity's strategy in the industrial automation market. With sensors playing an increasingly critical role in industrial operations, TE expands its portfolio itself as a provider of choice in the industrial automation market, accelerating local business growth in Brazil and enabling the expansion of Sense's robust portfolio to the rest of the world.

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Founded in 1987 in Rio de Janeiro, Plastlabor has distinguished itself over the years as one of the leading suppliers of laboratory and scientific products for microbiological analyses in Brazil.

With a comprehensive portfolio that includes ready-to-use culture media, disposable products, biosafety items, swabs, and laboratory accessories, the company has consolidated its market position, serving over 1,200 clients in laboratories, hospitals, food industries, and more.

Strategic Rationale

The acquisition by Solabia reinforces the group's strategy to expand its presence in the Brazilian market and strengthen its offering of solutions for microbiological investigations and the maintenance and transport of biological material. With this transaction, Solabia aims to integrate Plastlabor's capabilities with its own advanced technologies, creating synergies with its current subsidiary Laborclin, which will further benefit its clients and partners.

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Monitora Soluções Tecnológicas is a Brazilian technology company founded in São Carlos, specializing in customer experience, infrastructure operations, and data analytics. With a strong presence in the local market, Monitora provides innovative digital solutions to clients across various industries.

Marlabs LLC is a global digital solutions company headquartered in New Jersey, USA. Focused on delivering digital transformation services, Marlabs serves clients worldwide in sectors such as pharmaceuticals, manufacturing, retail, banking, and insurance, leveraging its expertise in emerging technologies and a diverse, multi-geographical talent base.

Strategic Rationale

The acquisition allows Marlabs to establish a stronger footprint in the Latin American market by integrating Monitora’s near-shore delivery capabilities and regional expertise. The combined organization enhances Marlabs’ ability to deliver high-quality digital transformation services globally, enriching its talent pool and expanding its reach into key markets while strengthening its portfolio of customer experience and infrastructure solutions.

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igc partners is pleased to announce that it has advised CRMBonus, the largest SaaS ecosystem for customer acquisition, engagement, and retention for businesses, in its Series B. In the round led by BOND with the participation of Valor Capital, CRMBonus raised R$ 400 million at a R$ 2.2 billion valuation. This transaction marks BOND’s first investment in Brazil.

Founded in 2018, CRMBonus has evolved from a retail cashback solution to a sophisticated customer relationship platform that uses a large set of data and AI to transform every interaction with customers into more results for the business and more value for consumers.

CRMBonus serves large companies such as Vivo, Azul, and Safrapay, as well as nationally recognized retailers such as Vivara and Arezzo&Co. The company's solutions are adopted by nearly 3,000 brands throughout Brazil.

Strategic Rationale

The fundraise aims to further leverage the development of the ecosystem and its technology, consolidating new data-driven products and driving CRMBonus's operation further.

With the backing of BOND and Valor Capital, the company gains strategic capital and expertise to strengthen its leadership position in Brazil, launch innovations like Vale Bonus and CRM Ads, and prepare for international expansion.

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Founded in 1999 in Brazil, Oligo Basics developed an innovative portfolio of feed additives based on natural ingredients (Functional Oils) for animal health and nutrition, addressing the growing global concern for antimicrobial resistance to antibiotics.

Present in 14 Brazilian states, the United States, Taiwan, Chile, Bolivia, and Peru, the Company manufactures and distributes its products with proven effects, driving animal feed efficiency improvements for multiple species, including poultry, swine, and cattle.

Headquartered in Berchem, Belgium, Innovad Group is a global supplier of animal health and nutrition solutions, with sales to over 75 countries and production facilities in Belgium and Italy.

Innovad is majority owned by IK Partners, a leading European private equity firm with an established presence of over 30 years and significant experience investing in the broader animal health industry.

Strategic Rationale

The transaction reinforces Innovad’s focus on becoming a global platform of natural ingredients for animal health and nutrition, leveraging the exclusive technology developed by Oligo Basics to continue revolutionizing the Brazilian and global markets for natural feed additives.

It enables Innovad to establish a strong foothold in the Brazilian and broader Latin American markets, while its global footprint will help accelerate Oligo Basics’ international sales, particularly in North America. The combination of both companies’ technical expertise and innovative capabilities is expected to create significant synergies.

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Soko, one of the most innovative Brazilian creative agencies, has agreed to be acquired by Accenture, a leading global consultancy firm.

Founded in 2015 within the FLAGCX ecosystem, Soko has been recognized by SCOPEN as one of Brazil’s top independent advertising agencies for its excellence in innovation and creativity. Over the years, it has delivered creative campaigns for global blue chip clients, earning international acclaim at events such as Cannes Lions, The One Show, The Clio Awards, The Effies, and Fast Company.

The acquisition adds approximately 300 employees to Droga5 São Paulo, part of Accenture Song,  deepening the agency’s creative and brand capabilities across Brazil and Latin America.

Strategic Rationale

By integrating Soko’s deep creative expertise and data backed approach, Accenture strengthens Droga5’s leadership in Brazil and enhances the capabilities of Accenture Song’s tech powered marketing division. This acquisition elevates Accenture’s global creative relevance in the region, enabling more impactful, culturally resonant campaigns rooted in strategy and purpose. As one of Accenture’s largest transactions in Latin America, it underscores the firm’s commitment to combining creativity and technology to drive business value.

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As one of Brazil’s market leaders in its niche, Indicium delivers tailor-made solutions in data science, analytics, and artificial intelligence for global blue-chip clients, employing specialized teams, unique methodologies, and modern technologies.

Founded in 2017, the company has completed over 600 data and AI projects, doubled in size year-over-year, and now counts more than 250 data experts, serving clients such as PepsiCo, Burger King, Bayer, Volvo, and Whirlpool.

With over 30 years of experience in tech investing, Columbia Capital, an enterprise-technology specialist with a portfolio including nine IPOs and 83 acquisitions, made its first investment in Brazil through this $40 million round into Indicium.

Strategic Rationale

This investment enables Indicium to accelerate its expansion in the United States, including opening a New York headquarters, while further enhancing its technological capabilities and core services in Brazil. By partnering with Columbia Capital, the company gains access to deep sector expertise and significant growth capital, positioning itself to scale its end-to-end data and AI offerings globally, expand its team, and solidify its leadership across Latin America and North America.

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LiveMode raised a funding round with General Atlantic and XP Private Equity, marking one of the largest transactions in the sports sector in Latin America.

LiveMode has led the development of a new sports ecosystem in Brazil by offering a comprehensive range of business, media, and technology solutions for rights holders, with a proven track record of driving revenue growth for sports entities in the digital era.

The company also owns a proprietary sports broadcasting platform in collaboration with one of Brazil’s premier digital influencers. CazéTV has achieved record online viewership, particularly during major events such as the FIFA World Cup and Campeonato Paulista.

Strategic Rationale

The investment from growth equity firm General Atlantic and XP Private Equity is intended to accelerate LiveMode’s growth and impact across the sports and media landscape, supporting its full portfolio of solutions for rights holders and long-term investments in sports properties.

With this capital, LiveMode plans to strengthen long-term agreements with leagues, clubs, and federations across football, Olympic sports, and emerging sports — as well as pursue international expansion, leveraging both its existing relationships and General Atlantic’s global resources and network.

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Buson and Busbud join forces to become the largest marketplace for bus tickets in the Americas.

Buson, a leading bus booking marketplace in Brazil, is joining forces with Busbud, a global ground travel booking platform, to become the major player in the Americas.

In 2023, Buson sold three times more tickets than in the pre-pandemic scenario, reaching a total of 120 million tickets sold. The company also boasts partnerships with over 300 bus companies and offers more than 70,000 travel routes.

Strategic Rationale

The merger aims to strengthen products and solutions, enhance customer experience, and leverage technology for the benefit of partner bus companies, thereby increasing operational efficiency across the sector.

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PROMAD was a pioneer in providing management software for small and medium-sized law firms and individual lawyers. Publicações Online focuses on providing management solutions and data for subpoenas, distributions, and procedural movements to leading legal departments and law firms in Brazil. Dura Software is a serial buyer that acquires and manages niche and durable software, headquartered in Texas, USA.

Strategic Rationale

The transaction marks Dura Software’s entry into the legaltech segment in Brazil and will boost the development of new products and the commercial expansion of PROMAD and Publicações Online.