Estela expands LatAm presence with acquisition of DBNET and Digiflow
Posted on Dec 12, 2023
DBNet and DigiFlow offer leading software solutions in electronic invoicing and fiscal compliance to thousands of enterprise customers in Chile and Peru. Together, they serve diverse sectors including distribution, logistics, public services, and business services.
DBNet, which is engaged in B2B electronic invoicing, has a team of 150 employees spread across three countries and a corporate client base of more than 1,500. For its part, DigiFlow has established itself as a pioneer of digital compliance in Peru, serving more than 700 corporate clients and reinforcing its leadership position in this field.
“We help thousands of mid-market and enterprise customers do and grow business with ease, even as digital, tax and fiscal compliance become mandated in more countries across Latin America,” said Patricia Santoni, CEO of Estela.
“The addition of DBNet and DigiFlow expands our reach into the southern cone and brings us even closer to customers in this part of the continent. Our growing footprint means customers can continue to count on us as they expand their businesses into Chile, Peru and beyond,” she added.
Estela operates in the region through Pegaso Tecnología, Facture and Indicium. Estela is backed by Accel-KKR, a global private equity firm with $19 billion in cumulative capital commitments, focused exclusively on software and technology services companies.
As a result of the transaction, Estela acquires DBNet in Chile and Colombia and Digiflow in Peru. Both companies are leaders in the digital transformation market, providing electronic invoicing and tax compliance solutions.
Estela was advised on the transaction in Peru by law firm Rebaza, Alcázar & De Las Casas, with a team led by partner Felipe Boisset and associates Ana Sofía Restrepo and María José García, and in Chile by law firm Morales & Besa, with a team led by partner Michel Dibán and associates Vicente Valdés and Juan José Prieto.
DBNet and Digiflow were advised in Chile by Bofill Mir Abogados, with a team led by partner Rodrigo Saffirio, with senior associate Antonia Ballacey and associate Andrés de Iruarrizaga. The two companies were advised in Peru by law firm Payet, Rey, Cauvi, Pérez, with a team led by partner Juan Antonio Egüez, with associates Guillermo Arribas and Cristina Miranda.
