(Alothon) October 2010 –Alothon Group, a private equity firm with a focus on mid to late stage buyouts in Latin America, was among the shareholders involved in the deal to sell a 55 percent stake in Brazilian IT services company CPM Braxis to Capgemini. The deal was finalized in mid-October.
Capgemini, a provider of consulting, technology and outsourcing services, announced it will pay approximately US$298M for the stake and has the option to acquire the remaining 45 percent.
Alothon was the leading private equity investor in CPM Braxis, acquiring control of the company in 2000 with a first investment. A second round of investment was made in 2007 when Braxis merged with CPM to create CPM Braxis.
Alothon has helped the company become one of the largest independent Brazilian IT services companies, providing guidance in corporate governance and management issues.
Including the CPM Braxis deals, Alothon has invested US$500M in the region through its Fund I. This includes 30 investments, of which 24 have been fully exited.
Alothon is currently investing Fund II, which has a primary focus on Brazil.
About Alothon Group
Alothon Group is a private equity firm, with a focus on mid to late stage buyouts in Latin America, principally in Brazil but with interests in Chile and other top markets in the region. The team’s success is driven by a disciplined investment strategy centered on control opportunities, businesses with strong franchise value, and an early focus on the exit strategy. www.alothon.com