Charles Taylor Expands its Business in Latin America.
May, 2018 - Buenos Aires, Argentina
Buenos Aires, May 28, 2018. Beccar Varela advised Charles Taylor InsureTech group on the acquisition of a 100% stake in Inworx Argentina S.A. and in Softseg S.A. worth US$50 million. The deal took place on May 3. Inworx Argentina and Softseg�s main activity consists of the provision of software and technological consulting services focused on insurance.
The acquisition of Inworx by the Charles Taylor InsureTech group involved the purchase of shares and assets in several countries, including Argentina, Peru, Uruguay, Mexico and the United States. Through these acquisitions, the buyer group expanded its presence in Latin America, adding 270 employees and multiple clients from the local and international insurance markets in 15 countries in the region.
Charles Taylor InsureTech is a global company based in London, United Kingdom, which provides technology and services for the insurance market. It is a subsidiary of the Charles Taylor PLC group, which with more than 134 years of operations is listed on the London Stock Exchange, and has more than 2,100 employees in 29 countries.
Counsel to buyer
In Argentina
Beccar Varela: team led by partner Alejandro Poletto, composed of partners Agustín Waisman (antitrust) and Santiago L. Montezanti (tax law) and senior associates Eugenia Radaelli and Patricia Browne.
In Chile
CMS Carey & Allende Chile (CMS Chile) (deal counsel): team comprised of partner Luis Felipe Arze and senior associates Ricardo Celedón, Cristóbal Groetaers and Andrea González.
Luis Felipe Arze acted as the lawyer leading the acquisition worldwide.
In USA
Holland & Knight: Emma Solaun.
In Mexico:
Woodhouse Lorente Ludlow S.C. (CMS México).
In Peru:
CMS Grau (CMS Peru).
In the UK
Charles Taylor UK: Christopher Hearne.
CMS UK: Helen Johnson.
Counsel to sellers
In Argentina
Estudio Alegr�a, Buey Fern�ndez, Fissore & Montemerlo: Pablo Buey Fern�ndez and Javier Alegr�a.
