Go to deals
Business Support Services | Private Equity

Avanza has been acquired by Covisian Group

Avanza, a global BPO company, has been acquired by Covisian Group.

Avanza, controlled by Baring Private Equity Partners, is an outsourcing services provider with more than 4,500 employees, over 300 clients and presence in six countries. Based in Madrid, Spain, Avanza’s main business lines are outsourcing logistics, retail and trade marketing, contact center and back-office services.

Owned by the private equity firm Aksia Group, Covisian Group is the second largest contact center services provider in Italy, with revenues of US$335 million, over 15,000 employees and presence in five countries. This transaction is an important step in the group's strategy to increase its global footprint. The agreement introduces Covisian into Colombia and reinforces its presence in Spain, while providing a portfolio of first-class clients.

Oaklins' team in Spain acted as financial advisor to Avanza in the origination of the process, identification of potential buyers, negotiations and the closing of the transaction.

Parties

Talk to the deal team

 Bosco  Salaverri Aguilar

Bosco Salaverri Aguilar

Partner
Madrid, Spain
Oaklins SOCIOS
 Laura  Satrústegui

Laura Satrústegui

Partner
Madrid, Spain
Oaklins SOCIOS

Related deals

Perkbox has been acquired by Great Hill Partners
Private Equity | TMT

Perkbox has been acquired by Great Hill Partners

Molten Ventures has sold Perkbox to Great Hill Partners.

Learn more
Arculus Cyber Security has been acquired by Bridewell
Private Equity | TMT

Arculus Cyber Security has been acquired by Bridewell

The shareholders of Arculus Cyber Security (Arculus) have sold the business to Bridewell. The deal will bolster Bridewell’s growing roster of accreditations as well as strengthen its public sector footprint, enabling the expansion of its end-to-end cyber security offering for clients across the globe.

Learn more
Global IT Group has joined forces with enthus Group
Private Equity | TMT

Global IT Group has joined forces with enthus Group

Global IT Group, an IT services company, and enthus Group GmbH, an IT solution provider operating in Germany, Austria and Switzerland, have joined forces. As a result, enthus Group will significantly expand its market position in Switzerland. The sellers of Global IT have reinvested in the buyer and will ensure that local management continues to run the company as part of the succession planning.

Learn more