On February 15th, global IT consulting firm Bridgenext acquired 100% of the shares of Folcode SRL, an Argentine company specialized in the development of digital products with more than 15 years of experience in the software industry.
The Folcode acquisition marks Bridgenext’s expansion into South America, which directly responds to the need for nearshore delivery teams to provide more comprehensive access to its talent.
Bridgenext is a digital consulting services leader specializing in technology, data and creative marketing solutions; owned by the American private equity firm Kelso & Company.
Folcode is a boutique digital engineering services company located in the province of San Juan, Argentina. It specializes in creating digital products and high impact digital experiences for clients in the travel, fintech, edtech and logistics industries.
Counsel to Bridgenext
Beccar Varela advised the buyer in Argentina. The team was led by partner Pedro Silvestri, with the participation of counsel María Eugenia Radaelli, senior associate Mercedes Pando and associate María Inés Cappelletti.
Gibson Dunn & Crutcher LLP acted as external counsel in New York, through partner Phillip Sanders and associate Tracey Tomlinson.
Counsel to Folcode
DLA Piper Argentina advised the seller. The team was led by partner Antonio Arias, with the participation of counsel Juan Pablo Reverendo and associates Rocío Yu and Jerónimo Ball.