June 29, 2021
Translink Corporate Finance advised the shareholders of Professional Software, a leading Spanish Business Management software company for the construction vertical, on its 100% sale to Grupo Primavera – the largest independent provider of business software in Iberia and an Oakley Capital portfolio company. The transaction was closed on April 19th, 2021 with the Parties agreeing to make the announcement public today.
Founded in 1987 in Madrid, Professional Software is a family-owned company engaged in the development and commercialization of fully integrated business management solutions (ERP + budgeting and works management + stakeholder’s apps). With over 30-years of experience as a software developer, it has become the Spanish market leader in construction software. The company specializes in product-centric verticals such as construction, engineering, installers, and real estate developers in the Spanish market. Professional Software commercialises its applications through licenses (on-premises) and in the cloud (SaaS). Prosoft has a client base of over 400 clients and its products are used in over 10 countries with Spain being its main market.
Created by the merger between Ekon Cloud Computing Solutions and Primavera Business Software Solutions in 2021, along with additional bolt-on acquisitions, Grupo Primavera is now the largest independent software platform serving SMEs in Iberia, with over 55,000 customers and some €60 million of revenues and double-digit annual growth, driven by the rapid adoption of Software as a Service (“SaaS”) solutions. The Group covers Iberia and Portuguese-speaking Africa.
Grupo Primavera will accelerate its deployment of cloud solutions organically through investment in product development and go-to-market initiatives, as well as through further acquisitions.
Grupo Primavera is a portfolio company of Oakley Capital, a mid-market private equity investor headquartered in London with €4 billion under management, investing primarily in Western European Technology, Consumer and Education sectors.
The acquisition of Professional will enable Grupo Primavera to acquire the know-how and user base necessary to cover the construction vertical in Spanish as well as international markets.
Contact our Team Members advising in this transaction:
Windcorp Translink is the partner firm of Translink Corporate Finance in Spain and provides financial services, including M&A processes as well as in financial restructuring and independent company valuations, to both national and international companies either listed or in the midmarket segment. Founded in 1989, Windcorp Translink has advised companies in several industries and has successfully closed over 250 transactions with an aggregated volume of EUR 5,000 Mn.