Bird & Bird guides Escala 24×7 in reorganisation and stake sale
Bird & Bird has advised Escala 24×7 on a successful cross-border corporate transaction, including the reorganisation of its group, by means of which Escala 24×7 shareholders sold 60% of the Escala 24×7 group to Stefanini Group. This transaction represents one of Stefanini’s largest investments so far.
Escala 24×7 is a US-based IT services, cloud consulting company and an Amazon Web Services Premier Consulting Partner with presence across Latin America. This alliance will enable Stefanini to expand its AWS cloud service offerings whilst accelerating Escala 24×7’s growth and capitalising on the developing cloud market in the region. Escala 24×7, which serves over 300 clients across Latin America, expects to generate US$100 million in revenues in 2025.
Bird & Bird’s Madrid team provided Escala 24×7 with comprehensive advice on M&A and tax matters relating to the cross-border reorganization and implementation of the transfer of a substantial part of its business in LATAM to Spain for the subsequent transfer of 60% of it to Stefanini Group.
The team was led by partner José de Santiago Forn (Corporate/M&A), together with partner Montserrat Turrado (Tax) and associates Jorge Gómez López (Corporate/M&A), María De Pineda Alabart (Corporate/M&A) and Virginia Santos Navarro (Tax).
On the picture, José de Santiago Forn and Montserrat Turrado.
