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Industry News

Dutch Fund Ups Stake in Brazil IT firm Tivit

24 May 2010

(Latin Finance) May 24, 2010 – Netherlands-based investment firm Cyrte Investments has increased its stake in Brazilian IT and outsourcing firm Tivit to 15.8 percent, adding 4.1 million shares to the 9.9 million it already held. The value of the transaction was not disclosed. The investment follows private equity firm Apax Partners’ purchase of a 54 percent stake in Tivit and anticipated initiation of a mandatory public offer to buy all outstanding shares.