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4 March 20242 minute read

DLA Piper Argentina Advised Folcode in the sale of its capital stock to Emtec

DLA Piper Argentina advised Folcode, a boutique digital engineering services company based in San Juan, Argentina, on the sale of 100% of its shares to Emtec, a leading Bridgenext company focused on digital consulting services, specializing in technology, data, and creative marketing solutions.

The acquisition of Folcode signifies Bridgenext's entry into the South American market. The inclusion of an office in Argentina enhances Bridgenext's existing delivery centers in Canada and India, thus reinforcing its worldwide talent pool. The deal closed on February 15, 2024.

The DLA Piper Argentina team that advised Folcode was led by Partner Antonio Arias, Counsel Juan Pablo Reverendo, Associate Rocío Yu, Associate Jerónimo Ball and Paralegal Iñaki Jordán. Also, Partner Augusto Mancinelli helped on the transaction on tax, fiscal an FX matters. (all of Buenos Aires).  

“This cross-border transaction reflects the interest of foreign investors in the Argentine tech sector and demonstrates once again the talent and potential of the Argentine entrepreneurial ecosystem” Said Juan Pablo Reverendo, Counsel, DLA Piper Argentina.

DLA Piper in Latin America’s Team offers full-service business legal counsel to domestic and multinational companies with interests in and operations throughout the region.  Our integrated approach to serving clients combines local knowledge with the resources of the DLA Piper global platform.  With over 450 lawyers practicing throughout Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Puerto Rico, in addition to our US-based cross-border attorneys, our teams frequently work with our professionals throughout the LatAm region, Iberian Peninsula, and around the globe.  DLA Piper’s global platform of 90+ offices in more than 40 countries enables us to serve all our clients’ legal and business needs, whether they are based in Latin America or wish to do business there  For more information, visit Latin America | DLA Piper