Clearwater International advises Reditus on the cross-border sale of ROFF to Gfi

Asesor de Clearwater

Clearwater International has advised Reditus on the sale of ROFF, a leading Portuguese company focused in SAP consultancy services, to Gfi Informatique.

Established in 1996, ROFF is a leading Portuguese group offering SAP implementation and maintenance services, running projects in all technological areas of business support. With over 800 employees and offices in 10 countries, ROFF has a turnover around €60m, nearly 50% of which is generated from international projects.

Gfi Informatique is a French-based firm specialising in IT and communication services, predominantly in Europe. The group has approximately 12,000 employees and generated revenues of over €850m in 2015. With this acquisition Gfi will have more than 1,000 employees worldwide dedicated to SAP technologies and will surpass €200m turnover in Iberia.

The sale is part of Reditus strategic repositioning, allowing it to accelerate its ongoing restructuring plan.

The Clearwater International team was led by Partner José Lemos with support from Associate José Couto.

“This transaction allows us to push forward with internal restructuring and the implementation of our business plan, to develop operations in external markets, particularly in Africa. This operation is a great opportunity for both companies, particularly for ROFF to achieve a greater international reach.

“We would like to congratulate Clearwater International for its outstanding performance, namely in the intricate closing phase of the operation.”

Hélder Matos Pereira, CFO, Reditus

“We see this operation as an opportunity to pursue a bright future, focused in a more intense and diverse internationalisation, by being part of a top European firm with international recognition, without forgetting the various successes achieved in the past 20 years. As one of the largest and most competent firms of SAP in Iberia, the success of ROFF is a result of strong support from the shareholders, our committed and experienced consultants, and the trust gained from our clients. We look forward to maintaining our service quality and client relationships going forward.

“I would like to underline the distinguished and outstanding work of Clearwater throughout this M&A operation, that had the complexity of involving firms that operate in dozens of countries over 4 continents.”

Francisco Febrero, CEO, ROFF

“While this deal gives ROFF the room for international expansion, it also enables both companies to work together in future projects, namely in the African geographies. We expect we’ll see great future developments from all parties. This transaction demonstrates the high delivery and commitment of Clearwater International to its clients.”

José Lemos, Partner, Clearwater International