Bruchou & Beccar Varela advise on Axoft deal

Bruchou & Funes de Rioja and Beccar Varela acted as legal advisors in the transaction through which Vela LatAm acquired 100% of the share capital of Axoft Argentina, the developer of Tango Software.

Founded in Buenos Aires in 1988, Axoft Argentina is an established company in Argentina’s software industry. Its flagship product, Tango Software, is one of the country’s widely used business management systems, with a presence among small and medium-sized enterprises, businesses, and accounting firms. The company has more than 300 employees and a portfolio of solutions covering administrative and accounting management, human resources, point-of-sale systems, restaurant management, and cloud-based tools.

The transaction marks Vela LatAm’s entry into the Argentine market. Vela LatAm has already acquired 27 companies across Latin America and specializes in vertical market software. Axoft will continue to operate independently, retaining its brand, team, management, and commercial strategy.

Beccar Varela advised Vela LatAm through a team led by Tomás Allende (pictured left), Partner in the M&A practice, and Santiago Montezanti, Partner in the Tax Law practice, with the participation of Senior Associate Mercedes Pando and Associate Sofía Benegas Lynch. Juan I. Pazos (Corporate Law) and María Luján Callaci (Tax Law) also participated in the transaction.

Bruchou & Funes de Rioja advised Axoft Argentina and its shareholders through a team led by Exequiel Buenaventura (pictured right), Partner in the M&A practice, with the participation of Associates Delfina Necol and Agustina Lanus de la Serna. Ezequiel Castelló (Corporate Law & Corporate Governance) also participated in the transaction. PwC acted as financial advisor to Axoft Argentina and its shareholders.