28 November, 2024
Translink Corporate Finance in Norway and Spain acted as the M&A advisor to Visma, a leading provider of mission-critical software on its investment in tugesto, a prominent Spanish provider of cloud payroll and other essential business tools.
This is Visma’s fifth software acquisition in Spain since entering the market in 2021, and the first acquisition where Translink was the selected advisor in that country. This will mark the ninth European cross-border transaction that Translink has advised Visma on.
This latest investment further solidifies Visma’s position as an ambitious market challenger in the Spanish market in the accounting and professional services sectors.
“We are delighted to announce that tugesto is joining the Visma family, further expanding our footprint in Spain and strengthening our total offering in this important growth market for the Group. Together, we can create even stronger HR solutions for customers who are ready to make the step to more modern, flexible, and smart cloud software”, says Yvette Hoogewerf, Segment Director for Medium Business in Visma.
tugesto was founded in 2015 in Valencia, Spain, and specialises in providing cloud-based solutions for payroll and HR software. Their platform is designed to automate payroll processes, manage employee data, and streamline HR operations, catering to the needs of small and medium-sized enterprises. tugesto will continue to operate as an independent company under the same name and management.
“We are thrilled to join Visma, one of the world’s leading software companies. This represents a unique opportunity to revolutionise business management together, especially in a market like payroll software, where there is still much to achieve and innovate in Spain. At tugesto, we remain as passionate as ever, now with the support and vision of one of the major players in our industry, reinforcing our commitment to delivering innovation, excellence, and solutions that truly make a difference in the daily operations of businesses”, says Manuel Fandos, CEO of tugesto.
“We are sure that the combined passion, innovation, knowledge and experience of this magnificent team will allow us to offer our customers market-leading solutions, enabling them to make the most of the technology that software can offer”, says Lidón Serra, co-founder of tugesto.
Translink Corporate Finance is a world leader in cross-border mid-market M&A advisory services, specialising in transactions ranging from €10M to €250M. Established in 1972, with over five decades of experience, we get the deal done. We are a trusted global group with over 400 experts worldwide, and a proven track record with long-standing clients and deep sector specific knowledge. At Translink Corporate Finance, we are easy to approach, and our core ethos revolves around the pursuit of sustainable value creation for our clients – whose best interests always come first.
Synergos Corporate Finance is an exclusive partner in Norway for Translink Corporate Finance. Synergos Corporate Finance provides advisory services for Corporate Finance transactions (M&A, debt, fundraising, strategic consulting). The advisors have broad experience from investment banking, strategy consulting and corporate leadership roles. Our multidisciplinary experience combined with Translink’s international group makes Synergos a strong M&A advisor for cross-border transactions.
Translink Corporate Finance Spain is a leading Iberian M&A firm. With more than 100 years of combined experience, Translink’s five lead partners have successfully advised over 300 transactions in a variety of sectors including: packaging, IT, food, industry, logistics, agribusiness, pharmaceutical, and retail among others.
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