(Stratus Group) May 15, 2012 – Stratus Group, the leading Brazilian mid-market private equity investor, today announced the listing of its portfolio company, Senior Solution, on the BOVESPA MAIS segment of the BOVESPA exchange. The news marks the first private equity-backed company to list on the AIM or NASDAQ equivalent of Brazil’s exchange.
Founded in 1996 by Bernardo Gomes and Luciano Camargo, Senior Solution – an IT company which specializes in software provision for financial institutions – received an influential minority investment from Stratus in 2005. The company has approximately 150 clients including the top 10 banks in Brazil. It also counts insurance companies, asset managers and brokerage houses among its clients.
Stratus and BNDES, the Brazilian Development Bank, have supported the Company throughout the years to implement its growth strategy, both organically and by acquisitions. Senior Solution has acquired five other software companies, with complementary products.
Alberto Camões, Managing Partner of Stratus and Chairman of Senior Solution, commented: “As in many other sectors in Brazil, the role of private equity is to foster growth – not only with the supply of capital, but also by supporting the selection and negotiation of targets for acquisition. I feel extremely positive about the company’s continued development as it lists on the BOVESPA MAIS.”
Bernardo Gomes, Founder and CEO of Senior Solution added, “Senior Solution’s public listing on the BOVESPA MAIS marks the initiation of a new stage of the company’s development. We look forward to employing an intense growth strategy to maintain and further develop our position as the leading Brazilian player in the financial software field.”
About Stratus Group
Founded in 1999, Stratus Group is a Brazilian private equity firm focused on mid-market investments. The Group specializes in investment opportunities that are related to growth, sector consolidation and shareholder successions. Stratus’ approach to mid-market investing is organized in two flagship funds and teams: Growth Capital / Buyout (sector agnostic – growth capital injections, consolidations and successions) and CleanTech / Sustainability (businesses related to sustainability, such as the rational use of scarce resources, recycling, renewable sources, climate change mitigation and the local competitive advantages related to Brazilian biodiversity).
Stratus Group’s Growth Capital Fund was named ‘Best Performing Fund’ in the Central and South America region, as measured by the multiple of capital returned to investors, by data provider, Preqin in its ‘Private Equity Performance Monitor 2011’.
About Senior Solution
Senior Solution started its operations in 1996 with the goal of developing information technology projects for the financial industry. Currently the company has over 130 customers, including banks, insurance companies and asset managers. Senior Solution offers a complete range of products and services to attend the main need of major financial institutions in the country through four business units. For five consecutive years, Senior Solution was recognized as one of the fastest growing Brazilian companies, in a study published by Deloitte and Exame magazine. The company has acquired five other software companies with complementary products: NetAge, Pulso, Intellectual Capital, Impactools and Control Banc.