The acquisition of a majority stake in Declarando by Visma, a leading European technology company, was completed on 20 April 2022. Baker Tilly Corporate Finance advised the Visma team on this transaction.
Declarando is the fastest growing accounting and tax software company for the Spanish self-employed. The deal reinforces Visma's growing presence in Spain. The Castellón-based company will continue to operate as an independent entity, with founders Marta Zaragozá, Juanjo Traver and Vicente Solsona remaining on board. Declarando has previously raised €2.7 million from Sabadell Venture Capital, Bankinter, Encomenda VC and JME, who will remain partners in the company.
Seller: Declarando
Launched in 2016, Declarando helps its customers to save money and time, combining technology and a savvy team of tax lawyers. The platform was designed exclusively for freelancers and aims to simplify the invoicing, accountancy, bookkeeping, taxes and financial control of thousands of small business owners. They’ve helped over 100.000 freelancers save over 50M€.
«Creemos que Visma es el complemento perfecto en esta etapa de nuestro viaje. Declarando obtendrá el apoyo y la experiencia de una de las 5 mayores empresas de software europeas que nos facilitará nuestra misión de tener un gran impacto en la vida de los autónomos españoles.»
Marta Zaragozá, CEO of Declarando
Investor: Visma Group
Based in Oslo (Norway), Visma Group is a leading provider of core business software for a more efficient and resilient society. Through 14.000 employees in 200 companies in 20 countries, they have over 1,2 million customers across the Nordics, Benelux, Central and Eastern Europe, and Latin America. That unique structure allows to be close to the local markets while sharing world-class competence across the organization.
«Estamos muy contentos de dar la bienvenida a Declarando a Visma», dijo Ari-Pekka Salovaara, Director de Segmento de Visma para PYMES. «Sus esfuerzos por simplificar el control financiero de los autónomos españoles encajarán perfectamente con la misión de Visma de ser un socio de confianza para los empresarios europeos. Aprenderemos mucho el uno del otro, y al final serán los clientes los que se beneficien».
Baker Tilly Corporate Finance:
Baker Tilly has advised Grupo Visma in the negotiations with the management team of Declarando. Diego Gutiérrez, a partner specialising in the technology sector, led the team. Baker Tilly Corporate Finance has a team specialising in Mergers and Acquisitions and has consistently ranked in the Top 10 in the global M&A market.
«Esta operación, que se ha cerrado en sólo dos meses, es una gran oportunidad para el Grupo Visma de reforzar su oferta para autónomos en España y Europa.»
DIEGO GUTIERREZ
Baker Tilly International's services in corporate finance include advising on cross-border transactions for clients doing business in multiple locations. locations. Baker Tilly's network extends across 145 territories, with 38,000 people working in more than 746 offices.
Baker Tilly International is an international business professional services network specialising in advisory, consulting, auditing, tax and legal, accounting, labour and management services for SMEs and multinational companies.
