News

---

20 Dec 2010

DLA Piper advises Stefanini in mid market Brazil – US acquisition

Press Release

---

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), Ted Altman (New York), Alicia Vivona (New York), Tom Hendershot (Northern Virginia), William Hoffman (Silicon Valley), Mark Boxer (San Francisco) and Amy Beckstead (Austin).

About DLA Piper’s Corporate and Securities Practice

The Corporate and Securities practice of DLA Piper consists of 250 lawyers in the US, and 550 worldwide, who are experienced at representing clients pursuing sophisticated transactions. For example, the team advises clients on public and private equity and debt securities offerings, mergers and acquisitions and reorganizations. In addition to offering comprehensive transactional services, the group's lawyers advise clients on corporate governance, IT, tax, compensation and technology issues.