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Grupo ASSA Announces Successful Eurobond Placement - Grupo ASSA, a Consulting and Outsourcing company that helps its clients with their Business Process Transformation through Information Technology, continues to implement its growth and development strategy with the successful placement of its 1st Eurobond
Grupo ASSA Announces Successful Eurobond Placement

 

PRZOOM - /newswire/ - Buenos Aires, Capital Federal, Argentina, 2010/11/08 - Grupo ASSA, a Consulting and Outsourcing company that helps its clients with their Business Process Transformation through Information Technology, continues to implement its growth and development strategy with the successful placement of its 1st Eurobond.

   
 
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This bond issue represents another step in its objective of tripling volume by 2013, and strengthens its position as one of the leaders in the high value added IT and Outsourcing services industry in Latin America.

The first series of this program is for a total amount of US$ 7.5 million at a 10.33% rate, and final due date in October 2013. ProCapital, one of Uruguay’s leading brokerage firms, was arranger and lead placement agent, and Deutsche Bank Trust Company Americas acted as Trustee and Payment Agent.

“Issuing this Eurobond in the international capital markets is further indication of Grupo ASSA’s leadership and innovation in the IT sector. The successful completion of this funding is an endorsement of the company’s strategy”, affirmed Roberto Wagmaister, President and CEO of Grupo ASSA.

The bond issue is part of Grupo ASSA’s global financial strategy, seeking to consolidate, optimize and improve the company’s capital structure, thereby increasing its operating capacity in Latin America.

“We are delighted that Deutsche Bank can play a role in assisting innovative firms like Grupo ASSA throughout Latin America to access the international capital markets”, said Roni Gannon, from Deutsche Bank.

This bond complements the investment made earlier in the year by the company’s two new partners, the International Finance Corporation (IFC) – the World Bank Group’s private sector financing arm – and HSBC Latin America Partners, who together with a group of private investors provided USD $20 million for Grupo ASSA to finance its global expansion.

Headquartered in Buenos Aires, Grupo ASSA has operations across Latin America and offices distributed in Brazil, Chile, Mexico, the United States and Europe. The company currently employs over 1,000 consultants, and through its expansion plan projects growth to 2,500 professionals in 2013 and sales of US$ 150 million.

About Grupo ASSA

Grupo ASSA (grupoassa.com) is a Consulting and Outsourcing Company that helps customers with their Business Process Transformation through Information Technology. Grupo ASSA serves Global Fortune 500, Multi-Latin and leading local companies with a multisourcing delivery model, improving their SAP, Oracle and custom applications and integrating them with leading edge technologies.

Founded in 1992, Grupo ASSA is a client-driven company with a personalized and differentiated approach. Our Business Process Transformation Model® is a business approach focused on People + Process + Applications + Technology and delivered alongside flexible Consulting and Outsourcing services that helps companies improve their path to BPM driven SOA. Today Grupo ASSA serves over 40,000 SAP and Oracle-JDEdwards customer end-users in more than 30 countries with a nearshore-offshore delivery model from our competency centers in Latin America.

Grupo ASSA's clients are primarily from the global manufacturing, consumer product, health care and retail vertical markets, and include organizations such as Kraft Foods, Electrolux, Bayer, BASF, Pfizer, Danone, British American Tobacco, Saint Gobain, Petrobras, Shell, Owens-Illinois, Pernod Ricard and AMCOR, among others. Grupo ASSA also works with large Latin American multinationals and leading local companies that are expanding their business across the region and into the world, such as El Palacio de Hierro, Arcor, Telhanorte, Camargo Correa, Fast Shop and Pão de Açúcar, among others.

Grupo ASSA (grupoassa.com) has been recognized by IAOP as one of the 100 best companies in the world in the provision of global Outsourcing services, and selected by Global Services magazine as one of the 100 best Technology services companies in the world and one of the 5 best in Latin America. The company has been certified as ISO 9001:2000 compliant by Bureau Veritas International for its Software Engineering Practice (ITS). Grupo ASSA has been recognized by the Great Place to Work Institute among the 50 best companies to work for in Argentina, among the 70 best companies to work for in the Brazilian IT market, and has been identified by Columbia University as one of the 19 Argentine multinationals, and the only one in the IT market.

 
 
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Grupo ASSA Announces Successful Eurobond Placement

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Contact: Emiliano Sarasola - GrupoASSA.com 
+54 11 4510 7200 marketing[.]grupoassa.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Grupo ASSA securities in any jurisdiction including any other companies listed or named in this release.

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