Accenture Snags Slice Of Brazilian Mortgage Processor

Law360, New York (September 16, 2013, 4:21 PM EDT) -- Global consulting and outsourcing firm Accenture PLC picked up a majority stake in Vivere Brasil Servicos e Solucoes SA, a Brazilian mortgage processor part-owned by BTG Pactual that provides a toehold in the country's booming mortgage market, it said Monday.

The firms did not disclose the deal's financial terms or say how Accenture would cover its buy-in. After the deal closes, subject to regulatory approvals, the Irish buyer will have a controlling stake and oversee company management. BTG Pactual, which acquired its stake in Vivere nearly...
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