In June 2021, the purchase of Baratz Servicios de Teledocumentación S.A. by Total Specific Solutions (TSS) B.V. has been agreed. Baker Tilly Corporate Finance has advised the Baratz team on the sale.
Through this acquisition, TSS gains entry into the library software segment from the national leader, Baratz, which has more than 80% of market share.
Based in Madrid, Baratz offers its customers solutions such as corporate content management or databases, perfectly integrated and at a competitive price. They are leaders in the Spanish national market and strategic partners of companies such as EBSCO, Microsoft and Oracle.
Based in the Netherlands and owned by the Canadian company Constellation Software Inc, Total Specific Solutions has 105 independently managed software business units in Europe. TSS provides them with financial security, strategic guidance and best practices to enable them to be leaders in their respective domains. Their domain knowledge helps them understand the dynamics of each vertical market in which they operate so they can create smart, easy-to-use, effective and efficient solutions for their customers.
Baker Tilly has advised Baratz in the negotiations with the company's management team. Diego Gutiérrez, as a partner specialising in the technology sector, led the team. Legal advice was also provided by the Baker Tilly Legal team, led by José Luis Martín.
Baker Tilly has a specialist M&A team that has consistently ranked in the top 10 globally in the mid and small market. Baker Tilly International's corporate finance services include advising on cross-border transactions for clients doing business in multiple locations.
The Baker Tilly network spans 145 territories, with 34,700 people working in more than 746 offices. Baker Tilly International is an international business professional services network specialising in advisory, consulting, audit, tax and legal, accounting, labour and management services for SMEs and multinational companies.
Would you like to know about other relevant acquisitions? Click here here