GFI Norte’s Acquisition of Informática El Corte Inglés Brasil

Clifford Chance and TozziniFreire advised on the deal

The French Group Gfi acquires 100% of Informática El Corte Inglés to create a great European technology leader with a broad international presence.

The agreement will provide new growth opportunities to IECISA that will be integrated into a group that will thus have more than 23,000 professionals and more than 2.3 billion euros in revenue.

The Gfi Group has especially valued the know-how of the Spanish technology consulting company and its positioning both in the Spanish market and in Latin America.

The transaction is subject to customary regulatory approvals.

Informática El Corte Inglés was founded in 1988 and in the last fiscal year (closed on February 28, 2019) it reached a turnover of 703 million euros.

Clifford Chance advised Groupe Français d’Informatique (GFI) with Jaime Velázquez (Picture), Samuel Rosas and Patricia Puertas.

TozziniFreire advised Grupo Corporativo GFI Norte S.L.U. with Francisco Eumene Machado de Oliveira Neto and Stefano Gazotti Costa.

Involved fees earner: Patricia Puertas – Clifford Chance; Samuel Rosas – Clifford Chance; Jaime Velázquez – Clifford Chance; Francisco Eumene Machado de Oliveira Neto – Tozzini Freire ; Stefano Gazotti Costa – Tozzini Freire ;

Law Firms: Clifford Chance; Tozzini Freire ;

Clients: Gfi Informatique SA;