DLA Piper announced today that it represented Stefanini International Holdings Ltd in the December 13 closing of its tender offer and follow-on merger with TechTeam Global. This US$93.4 million acquisition is a significant step in Stefanini IT Solutions’ strategy of expanding its international presence.
With this acquisition, Stefanini will have a direct presence in 27 countries — up from 16 today, creating a broader global presence. With the addition of TechTeam employees, the Stefanini IT Solutions Group will now have nearly 12,000 employees worldwide and annual revenues of $600 Million USD.
Stefanini’s acquisition of TechTeam aligns with several major trends driving growth in outsourcing: globalization, flexible and comprehensive services, rightsourcing and the emergence of Brazil as an economic powerhouse.
Diane Frankle (Silicon Valley) led the deal team, assisted by Eric Deeds (San Francisco), Kristi Darnell-Weichelt (Seattle), Daniel Goldberg, Ted Altman, Alicia Vivona (all New York), Tom Hendershot (Northern Virginia), Sulee Clay (Washington, DC), William Hoffman (Silicon Valley), Mark Boxer (San Francisco) and Amy Beckstead (Austin).
