|
“We have a project with BNDES to obtain resources for acquisitions,” he said, adding a deal on financing may be sealed this year, although he declined to reveal the amount involved.
Batistela said that in the past Resource has been approached by interested international firms weighing it up as a possible acquisition target, but the deals failed to take off and the company has now set out its stall as a “buyer,” having made three acquisitions last year.
“We are looking for smaller companies for acquisitions,” the executive said in an interview, adding that Resource is seeking firms with revenues of between BRL 5mn and BRL 20mn (USD 3-12.5mn).
Now, Resource has a structured pipeline of companies its is evaluating, the executive said.
“We are eyeing three firms at this time,” Batistela confirmed, adding that idea is to perform make acquisitions next year after obtaining the funds from the development bank.
“It is possible that we will make an acquisition this year,” the executive said, explaining that in this case it would use its own cash. “But the bulk [of the purchases] will be made in 2009.”
The main plan is to purchase companies in Brazil and then, in the long term, Resource will consider foreign firms, according to Batistela, although he did not say which countries are being considered.
He revealed that Resource is currently working with a financial advisor specialized in the IT segment, but he refused to reveal its name.
The company is also considering opening its capital on the stock market in the future and is being structured to that end. “Our plan is to launch an IPO within 2-3 years,” Batistela explained.
Resource expectation will report around BRL 100mn in revenues this year, he said. The company is focused on providing services to global clients in the financial sector, as well as in commerce and services and manufacturing.
|
