FERRERE Asunción advised both Grupo Vázquez, a multisector Paraguayan holding company, and J. Fleischman y Cía., a leading local company in printing and technology with over 30 years in the market, on the acquisition of 100% of the share package of J. Fleischman y Cía. by Grupo Vázquez.

J. Fleischman offers printing hardware, office digitalization, document management software and cybersecurity solutions, among others.

Grupo Vázquez’s aim, now, is to merge J. Fleischman with ITTI, thereby consolidating its leadership position in the technology side of the Fintech sector. ITTI is a publicly-traded local company that is a leader in development of technology for the financial sector and banking solutions for Fintech companies.

FERRERE’s advice on this transaction was provided under a Chinese wall arrangement, with different teams advising buyers and sellers. Thus, Grupo Vázquez advice was led by partner Carlos Codas, along with associates Maurizio de Oliveira Lagoa and Yamina Centurión. On the other side, advice to J. Fleischman y Cía. was headed up by partner Néstor Loizaga, together with associates Manfred Heyn, Belén Ayala and Melissa Rojas.