We advised GlobalLogic on the acquisition of Hexacta

New Deal - February 7, 2023

Three Shearman & Sterling LLP offices, Bruchou & Funes de Rioja in Buenos Aires, Colombia’s Brigard Urrutia, Rebaza, Alcázar & De Las Casas in Lima and Ferrere (Uruguay) have helped US digital services company GlobalLogic acquire Argentine counterpart Hexacta.

The deal was signed on 5 January for an undisclosed amount.

The acquisition will hand GlobalLogic 10 product development centres across the five countries where Hexacta operates – Argentina, Colombia, Peru, Uruguay and the US. Some 800 employees are set to move over to the new owner too.

Other big cross-border data and software acquisitions have taken place in Latin America lately. In December, data centre operator Aligned bought counterpart ODATA from Brazil’s Patria Investimentos and US IT company CyrusOne. ODATA counts several existing and in-development data centres in Brazil, Chile, Colombia and Mexico.

California-based GlobalLogic provides product and digital platform design services to its global client base. It has a Mexican office, in addition to a presence in Germany, Japan and the UK.

Hexacta offers a range of software development services to industries as diverse as fintech, healthcare and gaming.

Counsel to GlobalLogic

In-house counsel – Tatiana Bobbio.

Shearman & Sterling LLP

Partner Daniel Mitz in San Francisco; counsel Gabriel Salinas in Houston; counsel JB Betker, associates Robert Bucella and Jai Garg, and international visiting associate Sebastian de la Puente in New York.

Bruchou & Funes de Rioja

Partner Exequiel Buenaventura, Gabriel Lozano, Hugo Bruzone, Eduardo Viñales and Alejandro Barrientos, and associates Macarena Rolón, Sofía Benegas Lynch, Stefania Ferro and Delfina Necol in Buenos Aires.

Brigard Urrutia

Partner Sergio Michelsen and associates Veronica Umaña and Juanita Calderon in Bogotá.

Rebaza, Alcázar & De Las Casas

Partner Daniel Gonzáles and associates Fernando Rodriguez and Maria Jose Garcia in Lima.

Ferrere (Uruguay)

Partners Geraldine Ifrán, Verónica Raffo, Isabel Laventure and Martín Pesce, counsel Alejandro Alterwain and Isabel Hounie, and associates Walter Planells, María Eugenia Gitto, Giselle Cardoso, María Eugenia Contreras, Cecilia Alberti, Santiago Saint-Exupéry in Montevideo.

Source: Latin Lawyer