With deep expertise in logistics, industrial distribution, energy, waste management, and more, we help clients in the business services sector navigate complex transactions, connect with strategic partners worldwide, and maximize value while securing their long-term vision.
.avif)
Deals completed in this sector
Countries where deals took place
Specialists dedicated to this sector
trade shows, exhibitions, and conferences mapped globally
billion USD transacted with international investment funds
Context
Founded in 2007, GreenYellow is a French multinational and global leader in decentralized energy transition, operating in more than 15 countries. Globally, it has already invested over €2 billion in photovoltaic solar energy and energy efficiency, with over 1.7 GWp of installed capacity and more than 1,700 UFSs. In Brazil, with over a decade of presence and about 80 solar assets connected or under construction across 16 states, GY is a major operator in distributed solar generation.
The transaction comprises the sale of 23 photovoltaic solar plants to Athon Energia, totaling 50.7 MWp of installed capacity, located across six states. This deal is part of GreenYellow’s global strategy to rotate assets and reinvest in new projects in Brazil.
These assets increased Athon’s capacity to over 210 MWp and substantially expanded its footprint in the B2B distributed generation market.
Strategic rationale
The transaction strengthens Athon Energia’s position as a leading corporate-focused solar distributed generation platform in Brazil, enhancing its asset base and national coverage. For GreenYellow, the sale enables reallocation of resources toward strategic new projects in the country.
Context
Founded in 1994, in Barra Mansa/RJ, Lanlimp Group is a leading company in the distribution of cleaning and hygiene products, attending over 1,500 clients in more than 13,000 points across all regions of Brazil, including cleaning service providers, hospitals and clinics, foodservice, among others. The Company has its operational base in Rio de Janeiro and a distribution center in São Paulo.
Bunzl, a UK-based multinational specialized in distribution and services internationally, employs over 22,000 people, has a revenue of more than USD 15 billion worldwide, and operates across various regions including North America, Latin America, Europe, Asia and Oceania, as well as the UK and Ireland.
The transaction stands out as one of the largest deals in the cleaning and hygiene products distribution segment in recent years.
Strategic Rationale
The transaction between Bunzl and Lanlimp Group aims to strengthen the multinational's operations in cleaning and hygiene solutions in Brazil, while Lanlimp, under the leadership of its current shareholders, will enhance its national relevance and reinforce its presence with new clients and economic segments.
Context
Founded in 2010, Grupo Prime is composed of Prime Energy, Exata Energia, Ativa Energia, and Arion Energia, two energy trading companies, a consultancy specializing in the Free Energy Market and distributed generation (DG), and a company focused on energy efficiency. With offices in nine Brazilian cities, Grupo Prime serves B2B customers with a complete portfolio of energy products and services.
Shell Brasil Renewables & Energy Solutions Ltda., part of the Shell Group, is a global energy company focused on providing innovative solutions in renewable energy and energy trading.
Strategic Rationale
The acquisition of Grupo Prime strengthens Shell’s position in Brazil’s rapidly growing free energy market and broadens its B2B offering. By combining Grupo Prime’s established local presence and expertise with Shell’s global energy trading operations, Shell gains greater capillarity and the ability to serve a wider range of B2B customers with tailored solutions. This move prepares Shell to meet the increasing demand as the free market opens to medium-voltage B2B consumers in January 2024, reinforcing its competitive edge and complementing its existing activities through Shell Energy Brasil.
Context
With over 20 years of experience, Grupo Services is a leading Brazilian provider of digital customer experience (CX) solutions. The company specializes in customer experience management, boasts around 30% annual growth, and is known for creating the first 100% digital contact center in Brazil in 2016. Fueled by proprietary technology and an award-winning AI platform, Grupo Services delivers unique experiences to customers, employees, and consumers.
Webhelp, headquartered in France, is a global leader in customer experience and business solutions, operating in 213 sites across 58 countries with over 110,000 employees worldwide.
Strategic Rationale
The acquisition enhances Webhelp's digital CX capabilities by incorporating Grupo Services’ advanced AI-driven technology, omnichannel solutions, and self-service tools such as chatbots. It also expands Webhelp's presence in Brazil, a key and growing CX BPO market, aligning with its strategy to strengthen its footprint in Latin America.
Context
Ecotec Fumigation is a Brazilian pest control and fumigation services company, specializing in providing innovative and effective solutions to protect businesses, homes, and public spaces from pests and infestations. Known for its technical expertise and commitment to safety and quality, Ecotec has built a strong presence and reputation in the Brazilian market.
Rentokil Initial is a global leader in pest control and hygiene services, headquartered in the UK, with operations in over 80 countries. The company provides pest control, fumigation, and hygiene solutions to commercial and residential customers worldwide, leveraging its scale and innovation to deliver safe, sustainable services.
Strategic Rationale
The acquisition of Ecotec consolidates the presence of Rentokil in Brazil, and allows entry into the Argentine market. The strategy also allows the buyer to expand its operations in the fumigation market in Brazil and leverage its global expertise in pest control, increasing its customer base and contributing to growth in Latin America.
Context
Aldo Solar, founded by Aldo Teixeira 40 years ago in Maringá, Brazil, is one of the country’s largest distributors of solar generator systems, serving over 11,000 resellers and installers. The company generated R$1.6 billion in revenue in 2020 and sold about one-third of all rooftop solar systems installed in Brazil, with more than 160,000 units.
Brookfield Business Partners, a private equity arm of Brookfield Asset Management (which has USD 600 billion in global assets under management), acquired a 35% stake in Aldo Solar in August 2021, financing approximately USD 115 million as part of a USD 320 million deal. Aldo’s founder remains CEO and joined the board.
Strategic Rationale
This strategic investment by Brookfield strengthens Aldo Solar’s capacity to scale its digital platforms, expand its product and service offerings, and support accelerated growth in Brazil’s fast-growing distributed solar energy market. Brookfield brings global expertise, technological know-how, and long-term vision—enabling Aldo to enhance operational processes, support integrators more effectively, and launch new solutions while maintaining its trusted market presence.
Context
Founded in 1988, Liderança Cobranças is a national leader in amicable debt collection in Brazil, with over 3,200 employees and 2,500 service positions across four offices in São Paulo, Barueri (2), and Foz do Iguaçu. The company serves major institutions across diverse industries.
Banco Santander S.A., headquartered in Madrid, Spain, is one of the largest banks in the world by market capitalization and a global leader in retail and commercial banking. Founded in 1857, the Santander Group serves more than 160 million customers through approximately 9,800 branches and over 200,000 employees in Europe, the Americas and other regions. The transaction was carried out by Santander’s Brazilian subsidiary, which plays a key role in the group’s Latin American operations.
Strategic Rationale
The acquisition strengthens Santander’s non-performing asset recovery capabilities by integrating Liderança’s specialized debt collection infrastructure and experienced team. It complements Santander’s existing digital tools enhancing the bank’s operational efficiency in recovering defaulted assets and providing a more comprehensive credit risk management solution.
Context
RZF Projetos, Construções e Serviços Rodoviários, based in Araras, São Paulo, specialized in roadworks, landscaping, and infrastructure services. Its acquisition by Grupo GPS marked a strategic expansion into road maintenance, complementing GPS’s existing portfolio in facilities and infrastructure services.
Strategic rationale
The transaction reinforced Grupo GPS’s leadership in infrastructure and outsourced services across Brazil. Integrating RZF expanded its operational reach into road maintenance in key states including SP, MG, PR, SC, and RS, generating synergies and enhancing service capabilities.
Context
Vivante — a facilities and industrial maintenance company owned by private equity funds Axxon Group and Marceau Finance — acquired a 40% stake in BC2 Construtora, which specializes in maintaining and conserving privatized highways in Brazil. Investment was structured as a capital injection with a disclosed value potentially reaching up to R$100 million over the following five years, aimed at supporting BC2’s growth in transport infrastructure services. At the time, Vivante’s revenue was around R$250 million (in 2015), and the funds were intended entirely for growth initiatives.
Strategic rationale
The transaction aimed to elevate BC2 to become one of Brazil’s largest providers of infrastructure maintenance services, including ports, airports, and railroads. Vivante’s involvement, underpinned by Axxon and Marceau, reflects a strategic emphasis on investing in high-potential infrastructure sectors.
Context
Founded in 2001 and headquartered in Boa Vista, Brazil, Genesis Group is the country’s largest grain testing and inspection company. It serves the full agribusiness hierarchy from farmers to ports with grain and milk quality testing, certifications, and quality analysis for global trading firms. Leveraging a network of around 1,000 qualified testers and proprietary IT platforms, Genesis delivers vital pricing and compliance insights to clients in Brazil, the world’s second-largest soybean exporter and third-largest corn producer.
Strategic Rationale
Actis Capital partnered with Genesis' founders in December 2014 to support the business’s next growth stage. The investment enables Genesis to capitalize on the growing global demand for traceable, high quality agricultural inputs, addressing evolving consumer and regulatory requirements in global supply chains.
Context
Wooza is aBrazilian technology and marketing firm operating an online platform forselling telecommunications plans and services. In 2019, Wooza spun off itsTelecom division and sold 100% of its equity stake to Allied, Brazil’s largestprovider of electronic products, supported by private equity from AdventInternational.
Allied, acquired by Advent in 2014, distributes mobile phones, tablets,notebooks, cameras, gaming consoles, and other electronics across Brazilthrough more than 15,000 retail points. The acquisition included theintegration of Wooza’s platform into its e-commerce and omni-channel strategy.
Context
Crivo Sistemas em Informática S.A., founded in 2000 and based in São Paulo, is a Brazilian provider of decisioning and analytics software for credit, fraud prevention, and risk management. Its clients include leading banks, insurance companies, telecom operators, and retailers.
TransUnion is a global credit reporting and analytics company founded in 1968 and headquartered in Chicago. It operates in more than 30 countries and offers data-driven solutions to businesses and consumers worldwide.
Strategic Rationale
In January 2012, TransUnion acquired a majority equity stake in Crivo, marking its entry into the Brazilian market. The deal combined Crivo’s local decisioning platform with TransUnion’s global analytics capabilities to deliver customized solutions across financial services, telecom, insurance, and retail sectors in Brazil.
Context
Allied Advanced Technologies (AAT), founded in 2001 and based in São Paulo, is one of Brazil’s largest independent distributors of mobile handsets, electronics, and technology solutions. The company has expanded its presence into retail and digital channels, managing partnerships with global brands and operating branded stores and e-commerce platforms.
One Equity Partners (OEP) is a U.S.-based private equity firm founded in 2001, formerly the private investment arm of JPMorgan Chase. It specializes in middle-market investments and has a strong presence in Latin America, with a portfolio spanning technology, healthcare, and industrials.
Strategic Rationale
One Equity Partners acquired a significant equity stake in AAT as part of a strategy to expand its presence in Brazil’s consumer electronics and retail distribution sectors. The investment supported AAT’s growth across retail, logistics, and brand partnerships, enhancing its national reach and operational scale.
Context
In 2010, Ernst & Young (EY) merged with Terco, a Brazilian audit and consulting firm founded in 1982 with strong presence in the middle-market and real estate sectors. The newly formed Ernst & Young Terco commenced operations on October 1, 2010, with approximately 3,500 employees, serving around 3,700 clients and auditing 94 companies listed on the Bovespa. The merger combined EY’s global expertise with Terco’s local market presence, making it the second-largest audit and advisory firm in Brazil.
Strategic rationale
The merger aligned with EY’s global strategy to strengthen its presence in emerging markets by leveraging local expertise and integrating it with its international platform.
Try adjusting your search filters or visit the full Transactions page for more results
A strong presence of strategic and financial buyers from North and South America, including private equity funds, family offices, and corporate acquirers across diverse industries.
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
We’ve executed numerous transactions across the region, ranging from middle-market deals to cross-border acquisitions involving leading players in key sectors.
Context
Aldo Solar, founded by Aldo Teixeira 40 years ago in Maringá, Brazil, is one of the country’s largest distributors of solar generator systems, serving over 11,000 resellers and installers. The company generated R$1.6 billion in revenue in 2020 and sold about one-third of all rooftop solar systems installed in Brazil, with more than 160,000 units.
Brookfield Business Partners, a private equity arm of Brookfield Asset Management (which has USD 600 billion in global assets under management), acquired a 35% stake in Aldo Solar in August 2021, financing approximately USD 115 million as part of a USD 320 million deal. Aldo’s founder remains CEO and joined the board.
Strategic Rationale
This strategic investment by Brookfield strengthens Aldo Solar’s capacity to scale its digital platforms, expand its product and service offerings, and support accelerated growth in Brazil’s fast-growing distributed solar energy market. Brookfield brings global expertise, technological know-how, and long-term vision—enabling Aldo to enhance operational processes, support integrators more effectively, and launch new solutions while maintaining its trusted market presence.
Context
Wooza is aBrazilian technology and marketing firm operating an online platform forselling telecommunications plans and services. In 2019, Wooza spun off itsTelecom division and sold 100% of its equity stake to Allied, Brazil’s largestprovider of electronic products, supported by private equity from AdventInternational.
Allied, acquired by Advent in 2014, distributes mobile phones, tablets,notebooks, cameras, gaming consoles, and other electronics across Brazilthrough more than 15,000 retail points. The acquisition included theintegration of Wooza’s platform into its e-commerce and omni-channel strategy.
Context
Crivo Sistemas em Informática S.A., founded in 2000 and based in São Paulo, is a Brazilian provider of decisioning and analytics software for credit, fraud prevention, and risk management. Its clients include leading banks, insurance companies, telecom operators, and retailers.
TransUnion is a global credit reporting and analytics company founded in 1968 and headquartered in Chicago. It operates in more than 30 countries and offers data-driven solutions to businesses and consumers worldwide.
Strategic Rationale
In January 2012, TransUnion acquired a majority equity stake in Crivo, marking its entry into the Brazilian market. The deal combined Crivo’s local decisioning platform with TransUnion’s global analytics capabilities to deliver customized solutions across financial services, telecom, insurance, and retail sectors in Brazil.
A strong presence of strategic and financial buyers from North and South America, including private equity funds, family offices, and corporate acquirers across diverse industries.
.avif)
.avif)
.avif)
.avif)
.avif)
We’ve executed numerous transactions across the region, ranging from middle-market deals to cross-border acquisitions involving leading players in key sectors.
Context
In 2010, Ernst & Young (EY) merged with Terco, a Brazilian audit and consulting firm founded in 1982 with strong presence in the middle-market and real estate sectors. The newly formed Ernst & Young Terco commenced operations on October 1, 2010, with approximately 3,500 employees, serving around 3,700 clients and auditing 94 companies listed on the Bovespa. The merger combined EY’s global expertise with Terco’s local market presence, making it the second-largest audit and advisory firm in Brazil.
Strategic rationale
The merger aligned with EY’s global strategy to strengthen its presence in emerging markets by leveraging local expertise and integrating it with its international platform.
Context
RZF Projetos, Construções e Serviços Rodoviários, based in Araras, São Paulo, specialized in roadworks, landscaping, and infrastructure services. Its acquisition by Grupo GPS marked a strategic expansion into road maintenance, complementing GPS’s existing portfolio in facilities and infrastructure services.
Strategic rationale
The transaction reinforced Grupo GPS’s leadership in infrastructure and outsourced services across Brazil. Integrating RZF expanded its operational reach into road maintenance in key states including SP, MG, PR, SC, and RS, generating synergies and enhancing service capabilities.
Context
Vivante — a facilities and industrial maintenance company owned by private equity funds Axxon Group and Marceau Finance — acquired a 40% stake in BC2 Construtora, which specializes in maintaining and conserving privatized highways in Brazil. Investment was structured as a capital injection with a disclosed value potentially reaching up to R$100 million over the following five years, aimed at supporting BC2’s growth in transport infrastructure services. At the time, Vivante’s revenue was around R$250 million (in 2015), and the funds were intended entirely for growth initiatives.
Strategic rationale
The transaction aimed to elevate BC2 to become one of Brazil’s largest providers of infrastructure maintenance services, including ports, airports, and railroads. Vivante’s involvement, underpinned by Axxon and Marceau, reflects a strategic emphasis on investing in high-potential infrastructure sectors.
Context
Founded in 2007, GreenYellow is a French multinational and global leader in decentralized energy transition, operating in more than 15 countries. Globally, it has already invested over €2 billion in photovoltaic solar energy and energy efficiency, with over 1.7 GWp of installed capacity and more than 1,700 UFSs. In Brazil, with over a decade of presence and about 80 solar assets connected or under construction across 16 states, GY is a major operator in distributed solar generation.
The transaction comprises the sale of 23 photovoltaic solar plants to Athon Energia, totaling 50.7 MWp of installed capacity, located across six states. This deal is part of GreenYellow’s global strategy to rotate assets and reinvest in new projects in Brazil.
These assets increased Athon’s capacity to over 210 MWp and substantially expanded its footprint in the B2B distributed generation market.
Strategic rationale
The transaction strengthens Athon Energia’s position as a leading corporate-focused solar distributed generation platform in Brazil, enhancing its asset base and national coverage. For GreenYellow, the sale enables reallocation of resources toward strategic new projects in the country.
A strong presence of strategic and financial buyers from North and South America, including private equity funds, family offices, and corporate acquirers across diverse industries.
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
%20(EMEA).avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
.avif)
We’ve executed numerous transactions across the region, ranging from middle-market deals to cross-border acquisitions involving leading players in key sectors.
Context
Founded in 1994, in Barra Mansa/RJ, Lanlimp Group is a leading company in the distribution of cleaning and hygiene products, attending over 1,500 clients in more than 13,000 points across all regions of Brazil, including cleaning service providers, hospitals and clinics, foodservice, among others. The Company has its operational base in Rio de Janeiro and a distribution center in São Paulo.
Bunzl, a UK-based multinational specialized in distribution and services internationally, employs over 22,000 people, has a revenue of more than USD 15 billion worldwide, and operates across various regions including North America, Latin America, Europe, Asia and Oceania, as well as the UK and Ireland.
The transaction stands out as one of the largest deals in the cleaning and hygiene products distribution segment in recent years.
Strategic Rationale
The transaction between Bunzl and Lanlimp Group aims to strengthen the multinational's operations in cleaning and hygiene solutions in Brazil, while Lanlimp, under the leadership of its current shareholders, will enhance its national relevance and reinforce its presence with new clients and economic segments.
Context
Founded in 2010, Grupo Prime is composed of Prime Energy, Exata Energia, Ativa Energia, and Arion Energia, two energy trading companies, a consultancy specializing in the Free Energy Market and distributed generation (DG), and a company focused on energy efficiency. With offices in nine Brazilian cities, Grupo Prime serves B2B customers with a complete portfolio of energy products and services.
Shell Brasil Renewables & Energy Solutions Ltda., part of the Shell Group, is a global energy company focused on providing innovative solutions in renewable energy and energy trading.
Strategic Rationale
The acquisition of Grupo Prime strengthens Shell’s position in Brazil’s rapidly growing free energy market and broadens its B2B offering. By combining Grupo Prime’s established local presence and expertise with Shell’s global energy trading operations, Shell gains greater capillarity and the ability to serve a wider range of B2B customers with tailored solutions. This move prepares Shell to meet the increasing demand as the free market opens to medium-voltage B2B consumers in January 2024, reinforcing its competitive edge and complementing its existing activities through Shell Energy Brasil.
Context
Ecotec Fumigation is a Brazilian pest control and fumigation services company, specializing in providing innovative and effective solutions to protect businesses, homes, and public spaces from pests and infestations. Known for its technical expertise and commitment to safety and quality, Ecotec has built a strong presence and reputation in the Brazilian market.
Rentokil Initial is a global leader in pest control and hygiene services, headquartered in the UK, with operations in over 80 countries. The company provides pest control, fumigation, and hygiene solutions to commercial and residential customers worldwide, leveraging its scale and innovation to deliver safe, sustainable services.
Strategic Rationale
The acquisition of Ecotec consolidates the presence of Rentokil in Brazil, and allows entry into the Argentine market. The strategy also allows the buyer to expand its operations in the fumigation market in Brazil and leverage its global expertise in pest control, increasing its customer base and contributing to growth in Latin America.
Context
Founded in 1988, Liderança Cobranças is a national leader in amicable debt collection in Brazil, with over 3,200 employees and 2,500 service positions across four offices in São Paulo, Barueri (2), and Foz do Iguaçu. The company serves major institutions across diverse industries.
Banco Santander S.A., headquartered in Madrid, Spain, is one of the largest banks in the world by market capitalization and a global leader in retail and commercial banking. Founded in 1857, the Santander Group serves more than 160 million customers through approximately 9,800 branches and over 200,000 employees in Europe, the Americas and other regions. The transaction was carried out by Santander’s Brazilian subsidiary, which plays a key role in the group’s Latin American operations.
Strategic Rationale
The acquisition strengthens Santander’s non-performing asset recovery capabilities by integrating Liderança’s specialized debt collection infrastructure and experienced team. It complements Santander’s existing digital tools enhancing the bank’s operational efficiency in recovering defaulted assets and providing a more comprehensive credit risk management solution.
Context
With over 20 years of experience, Grupo Services is a leading Brazilian provider of digital customer experience (CX) solutions. The company specializes in customer experience management, boasts around 30% annual growth, and is known for creating the first 100% digital contact center in Brazil in 2016. Fueled by proprietary technology and an award-winning AI platform, Grupo Services delivers unique experiences to customers, employees, and consumers.
Webhelp, headquartered in France, is a global leader in customer experience and business solutions, operating in 213 sites across 58 countries with over 110,000 employees worldwide.
Strategic Rationale
The acquisition enhances Webhelp's digital CX capabilities by incorporating Grupo Services’ advanced AI-driven technology, omnichannel solutions, and self-service tools such as chatbots. It also expands Webhelp's presence in Brazil, a key and growing CX BPO market, aligning with its strategy to strengthen its footprint in Latin America.
Context
Founded in 2001 and headquartered in Boa Vista, Brazil, Genesis Group is the country’s largest grain testing and inspection company. It serves the full agribusiness hierarchy from farmers to ports with grain and milk quality testing, certifications, and quality analysis for global trading firms. Leveraging a network of around 1,000 qualified testers and proprietary IT platforms, Genesis delivers vital pricing and compliance insights to clients in Brazil, the world’s second-largest soybean exporter and third-largest corn producer.
Strategic Rationale
Actis Capital partnered with Genesis' founders in December 2014 to support the business’s next growth stage. The investment enables Genesis to capitalize on the growing global demand for traceable, high quality agricultural inputs, addressing evolving consumer and regulatory requirements in global supply chains.
A strong presence of strategic and financial buyers from North and South America, including private equity funds, family offices, and corporate acquirers across diverse industries.
.avif)
.avif)
We’ve executed numerous transactions across the region, ranging from middle-market deals to cross-border acquisitions involving leading players in key sectors.
igc is a leading advisor in Business Services transactions across multiple sectors, with extensive coverage across various segments.
We understand the dynamics of each market and, leveraging our team's sector-specific expertise, adapt to the unique characteristics of each industry.
.avif)
With a broad team of professionals dedicated to specific sectors, each transaction benefits from specialized expertise and deep market insight.
We focus exclusively on sell-side deals to ensure the best outcome for our clients—free from conflicts of interest.
© 2025 IGC Partners. All rights reserved. All content, materials, and information presented on this website are intended solely for general informational purposes and do not constitute legal, financial, investment, or professional advice. IGC Partners makes no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of the information provided. Users should seek appropriate independent professional advice before acting on any information contained herein. Unauthorized use, reproduction, or distribution of any part of this website is strictly prohibited. By accessing and using this website, you agree to be bound by our Privacy Policy and Terms of Use. For further through the channels provided on our Contact page.
We use cookies to improve your experience and analyze traffic with Google Analytics.
.avif)
.avif)
.avif)
.avif)