(PEHub) Radius, which is backed by Baird Capital and HgCapital, has bought Brazilian accounting services company B&B Gestão. No financial terms were disclosed.
PRESS RELEASE
BRISTOL, England – October 21, 2015 – Global growth expert Radius has acquired B&B Gestão, a São Paulo-based accounting and services firm that helps organizations that are expanding into Brazil assess risks, pinpoint opportunities, and operate more efficiently. Adding these complementary resources and capabilities enables Radius to meet rapidly increasing demand for growth expertise in Brazil, and throughout South and Central America.
“Earlier this year, we opened our newest global office in São Paulo, a significant step in extending our global footprint to Brazil and across South and Central America,” said Chris Stone, CEO of Radius. “Brazil is a large and complex market in which to operate. Adding B&B Gestão into the fold expands our capabilities even further and significantly strengthens our on-the-ground expertise in an important region for our clients and our business. We are very excited about the potential of this alliance and the value it will bring to current and future clients.”
Radius and B&B have helped hundreds of companies expand into and operate effectively in Brazil, the world’s seventh-largest economy with more than $2.4 trillion in GDP, supporting them with tax, compliance, finance, human resources, labor law and cultural nuances, among other areas. The newly expanded Radius will allow clients of both Radius and B&B to more efficiently overcome the pitfalls and challenges associated with doing business in Brazil, which placed 120th out of 189 countries in The World Bank Group’s “Ease of Doing Business” rankings for 2015.
“Radius has a strong reputation globally. We’re eager to be part of Radius and share their passion for helping clients plan, execute and manage their international operations in Brazil,” said Marcelo Borgheti, CEO of B&B.
“Our existing clients will benefit tremendously from our affiliation with Radius, and we look forward to working closely with our new colleagues to expand the reach of our services and expertise to clients in Brazil and across the region,” said João Baptista Borgheti, president of B&B.
About Radius
Radius helps companies expand and win globally. Clients from startups to larger multinationals take advantage of Radius’ international accounting, finance, banking, tax, HR, legal and compliance support to simplify their core operations, reduce their risk exposure and improve the management and control of their overseas businesses.
Radius delivers support and expertise through managed services, advisory services and OverseasConnect, our integrated cloud-based software platform, to create solutions that meet the needs of over 600 clients operating in 110 countries around the world.