As always at the end of an old year and at the beginning of the new year, summaries, top lists, rankings, classifications, etc. of all kinds of things are made. And so we also make our summary of the year 2021. Undoubtedly, a year still marked by the COVID-19 pandemic, but already with a recovery of the economy compared to 2020.
Baker Tilly jumps to the top spot as M&A advisor in the technology sector
In the Iberian Peninsula, Baker Tilly GDA has advised on a total of 17 transactions this year (15 of them public), 8 buy-side transactions and 9 sell-side transactions. With 10 of the 17 transactions in the technology sector, we rank first in terms of number of transactions in this sector and second overall according to the database Transactional Track Record (TTR).
Transactions in 2021 in the technology sector - Iberia (Source: TTR) Transactions in 2021 - Iberia (Source: TTR)
Baker Tilly rises to 15th position in Europe among small&mid market M&A advisors in 2021
According to the Europe M&A Review ranking conducted by Refinitiv, Baker Tilly International was ranked 15th in 2021 (by number of transactions completed), both in the Small Cap market (132 deals) and in the Mid-Market (133 deals).
Global transactions
The differential value of our team
The transactions advised by the Baker Tilly GDA team during 2021 reflect the values of its primarily SME-oriented offering:
Sector expertise especially in the technology sector being the leader in terms of number of transactions.
International outreach: 6 transactions have involved an international entity.
Full service: M&A advice is complemented by legal and transaction services, providing agility and coordination.
Versatility in type of operation and type of investor: balance between sellside and buyside. Used to negotiating with all types of investors such as venture capital, strategic investors and family offices.
Below, we will discuss the most significant transactions of each type of advice we have provided during 2021.
Sell-side:
Externalia, a software company for CAE management, has been acquired by BSG holding in a Buy&build process in the field of business solutions. (+info)
Dapda Digital Engine, a company specialising in digital solutions and services for the automotive industry, has been acquired by MotorK in a business move that aims to expand MotorK's geographic reach in Spain (+info)
BCN Science, dedicated to healthcare communication and technology in Madrid, LATAM and Central Europe, was acquired by Evidenze Group Europe with the intention of accelerating its international expansion. (+info)
Cannabinoids Spain, specialising in active pharmaceutical ingredients from medicinal plants, was acquired by Grow Group PLC, enabling Cannabinoids to meet its long-term objectives and Grow Group to enhance its position in the medical cannabis sector by entering the Spanish market.
Baratz, a national leader in library software, has been acquired by TSS, a specialist in vertical software acquisitions. (+info)
First Line of Sight, specialising in point-of-sale advertising, was bought by Grupo La Plana.+info)
Macrolibros was acquired by Graficas Ceyde in February 2021 with the aim of increasing its customer base and expanding into new business verticals. (+info)
A business group specialized in the distribution of construction products and interior design finishes (building supplies, construction, sanitary ware, kitchens, flooring, flooring, etc.) was acquired by a company of private equity specializing in the acquisition, management and sale of industrial and service companies in the "low market" segment by December 2021.
A long-established company with a proven track record in the advisory and management of medicines and healthcare products was acquired by a private investor through private equity backing at the end of December 2021.
Buy-side
Dili Trust, a provider of corporate governance software solutions, acquired Gobertia in July to expand the market to Spain and Latin America and gives Gobertia's customers access to the solutions offered by DiliTrust. (+info)
A well-crafted international family office of Dutch origin has made its first investment in Spain in April 2021 by injecting capital in Feltwood Ecomateriales, a company that manufactures packaging technology with ecomaterials, which will also acquire support in the development of the international business. (+info)
BSG-Clavei, a specialist for software in the footwear and textile sector, acquired 100% of SG Software, Wolters Kluwer's official distributor in Almeria, in January. The group now has the largest team of specialists in Wolters Kluwer solutions with more than 25 years of experience. (+info)
In March of the same year BSG-Clavei acquired Clave Sistemas Informaticos, a specialist in the development and implementation of IT solutions for the agri-food sector. It thus reinforces its inorganic growth by strengthening its position as a software manufacturer for the agri-food sector. (+info)
Henko Partners, a Spanish private equity fund founded in early 2021, closed its first two buyout deals in December, acquiring Galician companies Mmypem and Teiga-TMI. Mmypem specialises in commissioning services for power generation plants and Teiga TMI provides electrical and mechanical services mainly for the energy and industrial sector. Henko Partners aims to create an international engineering and technical services group with a focus on energy transition and digitalisation. (+info)
In December the merger of valantic with ABACO Consulting was agreed. In order to meet all the needs of its customers and to achieve its own growth ambitions, valantic now joins forces with one of Portugal's leading SAP Gold Partners, Abaco Consulting. (+info)
In 2021, private equity Accel-KKR closed its first deal in Spain by acquiring one of the most active software private equity firms in Europe: Endalia. Since 2013, when Accel-KKR established its European presence, it has completed 52 investments in the EMEA region. (+info)
In 2021, the purchase of Alumipres by the investor Vergara Industrialhas been agreed. Thanks to the transaction, Vergara Industrial successfully continues its growth strategy in the industrial sector, generating synergies with the rest of its businesses.
Our team of market analysis specialists is continuously analyzing the investments of the most active markets in the industry in order to unceasingly contribute ideas of the current market situation and identify the most relevant trends for senior management. We integrate the most relevant sources of information which allows us to discover the most interesting companies for venture capital and similarly helps us to identify the investors with the highest probability of involvement in an M&A process to ensure the success of our sell-side operations.
The reports and deductions of our advisors provide a broad view of the sector, both geographically and from the complementary or adjacent markets perspective.
Technology Data Analytics
for M&A
Advanced data anlytics is a weapon". Intelfin is an artificial intelligence tool we use for investing and creating value in SMEs through competitive analytics and the enterprise environment.
IntelFin consists of a cognitive system, which, through the application of advanced analytical technologies, facilitates the automation of investment and financing decisions in the field of non-listed companies and especially SMEs in high-growth sectors.
The information related to these companies is characterized by their lack of transparency and heterogeneity; thus, it is necessary to develop an advanced analysis which is as much predictive as prescriptive and is developed in a natural language custom, suitable to obtain greater clarity and knowledge of the investment scope.
The IntelFin system focuses especially on analyzing the variables that define and influence the competitive environment of a sector and the positioning of a company, analyzing their influence on future value creation. Therefore, IntelFin supports strategic decision-making to senior management by resolving questions such as:
¿What are my competitors' priorities, strategies and expansion plans? Who's my competition? Which competitor is most likely to grow at a higher rate? Which areas of activity/business models will receive the most investment? Which sectors are most attractive to investors? Which companies are going to experience the most growth in the near future? Which companies are most likely to receive investment or be acquired?
Training Methodology
We have developed training programs in an innovative set-up which guarantees our teams the acquisition of technical competences both in the field of corporate finance and in the field of psychology, that is much needed when it comes to negotiation processes.
We have a culture of continuous improvement of our processes, closely related to the use of information systems that allow the enhancement of internal communication between our teams, as well as external communication with our customers. Hence, we extend best practices identified internally in an efficient and rapid manner among our members.
Baker Tilly Global Deal Advisory trading as Baker Tilly Global Deal Advisory is an independent member of Baker Tilly International. Baker Tilly International Limited is an English company. Baker Tilly International does not provide professional services to its clients. Each member firm is a separate and independent legal entity, and each describes itself as such. Baker Tilly Global Deal Advisory is not the agent of Baker Tilly International and does not have the authority to bind Baker Tilly International or act on behalf of Baker Tilly International. None of Baker Tilly International, Baker Tilly Global Deal Advisory, nor any of the other Baker Tilly International member firms has any liability for the acts or omissions of the others. The Baker Tilly name and associated logo is used under licence from Baker Tilly International Limited.
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