H.I.G. Capital's Office Total Acquires Xsol Soluções Tecnológicas

H.I.G. Capital's Office Total Acquires Xsol Soluções Tecnológicas
31.10.2016 11:45 am

H.I.G. Capital's Office Total Acquires Xsol Soluções Tecnológicas

M&A Deals

H.I.G. Capital ("H.I.G."), a leading global private equity investment firm with more than $20 billion of equity capital under management, is pleased to announce that its portfolio company, Office Total S.A. (“Office Total”), has acquired Xsol Soluções Tecnológicas (“Xsol”). Office Total is a leading independent provider of Managed Print Services (MPS) in Brazil.

Headquartered in Rio de Janeiro, Xsol outsources and sells a wide range of office equipment including printers, projectors and monitors. Xsol also provides ongoing technical support and maintenance services to small and mid-sized clients, located primarily in Rio de Janeiro.

“Xsol represents a highly strategic and complementary acquisition for Office Total. We have known Xsol management for years and they have built an excellent reputation based on providing customers with quality service. With the merger of both companies, we will continue delivering outstanding service in collaboration with our valued employees," said Andre Vinicius, CEO of Office Total.

Fernando Marques Oliveira, Managing Director and Head of H.I.G. Latin America, said: “The merger of both companies will further solidify Office Total’s position as one of the largest independent players in the Brazilian MPS market.”

Related News

MFS Africa Acquires Beyonic, Bringing Cross-Border Digital Payments to SMEs Throughout Africa and Beyond

Pan-African cross-border payments leader MFS Africa today announced that it has acquired ... Read more »

FIME expands testing & consultancy offering with the acquisition of CETECOM Payment activities in the U.S.

Payments testing and consultancy expert, ... Read more »

Elaia and Bpifrance acquire stakes in iBanFirst in a €21 million third round of funding

Global financial services provider iBanFirst, delivering solutions across banking borders, has announced that it will continue to expand with the help of venture capital funds... Read more »

TPAY MOBILE acquires Payguru, the leading payment platform in Turkey

TPAY MOBILE, the leading digital merchant acquirer and mobile payment enabler in the Middle East and Africa (MEA), has... Read more »

TAS International acquires Infraxis AG

TAS International SA, the wholly-owned subsidiary of TAS S.p.A., has today signed a binding agreement for the acquisition of the Swiss company, Infraxis AG, and its British... Read more »

Venafi to Acquire Jetstack to Accelerate and Secure Digital Transformation

Venafi®, the inventor and leading provider of machine identity... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel