Tag Archives: Buy-side Closed Deals

ONEtoONE has advised Destino Holdings on its acquisition of Doblemente

ONEtoONE advises Destino Holdings on its acquisition of Doblemente in a transaction in the tourism sector.

Destino Holdings: Technological Travel

Destino Holdings is a platform for the acquisition of companies with solid techincal and business fundamentals for the enhancement of inbound tourism through technology and solutions. Its investment thesis explores travelling in the new era, the acceleration of digital transformation, changing travel habits, sustainability and a focus on Spain still as the future of tourism.

Eddie Lubbers, founder of Destino Holdings, began his career with platforms such as Booking.com, Lastminute.com and Expedia Inc. These sites are all pioneers in using technlogy for travel bookings and reservation systems. Later he embarked on an inbound travel business in the Caribbean with the founding and operation of the Caribbean Travel Network. This company had a turnover of 25 million USD.

Eddie Lubbers has now applied his experiences in inbound tourism and digitalised travel to the Spanish market, with the ultimate goal of global expansion.

Doblemente: Successfully booking vacations

Doblemente is a Spanish company founded in Alcoy in 2002 by Mr Pau Ferri. It has developed a booking system for travel agencies, ski resorts and other tour operators. Through Dispongo the company has booked over 11 million passengers and has also managed over 1,000 million euros in reservations. This booking system enables Doblemente to increase sales, centralise bookings and grow without limits.

The company has achieved an impressive portfolio of clients such as: Viajes Baqueira Beret, Grandvalira, Gustincoming, Ineedtours and other clients across Spain, Latin America and Europe. Overall, it aims to promote inbound tourism through technological solutions.

ONEtoONE advises Destino Holdings: A deal to travel further

As part of Destino Holdings, Doblemente will invest in the incorporation of new features to its Dispongo products as well as the expansion of promotional and sales services. It plans to expand in new destinations with customers in Spain and America.

ONEtoONE advises Destino Holdings: The team

This transaction has been led by Ignacio Trigo and Vicente Bosque from the ONEtoONE Spain team. RCD Abogados, specialised in technology and entrepreneurship, also advised on the legal aspects of the transaction.

About ONEtoONE

ONEtoONE Corporate Finance has offices in Europe, the United States, Latin America and Asia. We are a global advisory firm specialising in selling companies like yours. All our human and technological resources, databases, experience and processes focus on helping our clients sell their companies at the highest possible price. We help you strengthen your legacy, so you can focus on what matters to you.

Are you ready to sell? We’re here to help!

ONEtoONE has advised Ufenau Capital Partners in the acquisition of a majority stake in Grupo Marktest

Ufenau Capital Partners, the privately-owned Swiss Investor Group, has acquired a majority stake of the market research and analytics solutions specialist, Grupo Marktest.

With the support of Ufenau, the objective of Marktest is to grow consolidating a group of leading specialists in the field of market research and analytics in Europe with profound sector-specific expertise coupled with cutting edge data visualization and analytics capabilities.

About the buyer: Ufenau Capital Partners

Ufenau Capital Partners is a privately-owned Swiss Investor Group which advises private and institutional investors with their investments in private equity. Ufenau Capital Partners is focused on investments in service companies in German-speaking Europe, Iberia and the Benelux region and invests in Education & Lifestyle, Business Services, Healthcare, IT Services and Financial Services sectors.

About the seller: Grupo Marktest

The Group is a leading tech-enabled market research and analytics solutions specialist with relevant international presence. With an experience of +40 years and +300 professionals, Marktest is the leading independent market research player in Portugal. The Group has an outstanding track record supporting media channels, agencies, and advertisers to capture relevant data and turn it into actionable insights.

The Founders of Marktest will continue to lead the business into its next growth phase and will significantly co-invest alongside Ufenau. Together, Marktest’s team and Ufenau will ensure the continuation of the successful growth strategy.

The advisors: ONEtoONE Corporate Finance

This transaction has been led by Paulo Soares de Oliveira, from ONEtoONE Portugal and Ximena Fernández, from ONEtoONE Corporate Finance Spain.

About ONEtoONE

ONEtoONE Corporate Finance has offices in Europe, the United States, Latin America, Asia and Oceania. We are a global advisory firm specialising in selling companies like yours. All our human and technological resources, databases, experience and processes are focused on helping our clients sell their companies at the highest possible price. We help you strengthen your legacy, so you can focus on what matters to you in this new stage of your life.

Are you ready to sell? It’s your time, and we’re here to help!

ONEtoONE has advised Localpack S.A. in the acquisition of Gatepharma Soluciones

The Colombian raw materials provider Localpack S.A., has acquired Gatepharma Soluciones en Innovación Farmacéutica SAS. This operation was led and advised by our Colombian team at ONEtoONE Corporate Finance.

This transaction will allow Localpack to increase its depth in the Life Science market and consolidate its growth strategy. Gatepharma Soluciones‘ team, now as a Localpack company, will be able to significantly increase its level of commercial activity and relationships with customers and partners.

It will also allow pharmaceutical companies in Colombia to have a supplier with excellent financial and logistical strength, framed by the highest standards of service and availability.

About the buyer: Localpack S.A

Localpack S.A. is one of the fastest growing companies in Colombia in the specialty chemicals distribution business, this is the third acquisition we have executed for them in less than 4 years.

They offer raw materials for industries specialized in coatings, adhesives, lubricants, construction additives, pharmaceuticals, food, animal nutrition, agrochemicals, plastics, rubbers and more.

About the seller: Gatepharma Soluciones

Gatepharma Soluciones is a company located in Medellin Colombia with 22 years of experience in the distribution of excipients and active ingredients for the pharmaceutical industry.

Established in 2014, it is a pharmaceutical solutions company focused primarily on pharmaceutical ingredients, modified delivery products and innovative finished products.

The advisors: ONEtoONE Corporate Finance

This operation has been led by Simon R. Barth of ONEtoONE Colombia.

About ONEtoONE

If you are considering selling your company, ONEtoONE Corporate Finance can help you get the best deal possible. We are a global firm dedicated to providing the highest value services to our clients through transparency and professionalism.

ONEtoONE is specialised in international middle-market M&A advisory. We have participated in more than 2000 mandates and we continuously improve our techniques to achieve the best possible price for our clients. We advise on mergers and acquisitions, strategic planning, and valuation. If you need advice for any possible corporate operation, do not hesitate to contact us.

ONEtoONE has advised Cedig Iberia on the acquisition of 100% of Informàtica3

Cegid Primavera, the Spanish business management solution provider has acquired 100% of Informàtica3 from its two founding partners, who will remain with the company during this new phase. This operation was advised and led by ONEtoONE Corporate Finance.

Cegid Iberia – Grupo Primavera incorporates with Informàtica3 a portfolio of 4,000 customers and more than 35,000 users, including entrepreneurs, consultants, managers, retailers, hoteliers and restaurateurs, thus accelerating the consolidation of the business software sector in Spain.

About the buyer: Cedig Iberia

Cegid is a leading global provider of cloud-based business management solutions for the Finance (Treasury, Tax and ERP), Human Resources (Payroll, Talent Management), Accounting, Retail, Entrepreneurship and Small Business sectors.

With a strong international ambition, Cegid has 4,400 employees and distributes its solutions in 130 countries with offices in 22 countries. Pascal Houillon, CEO of the company, joined Cegid in March 2017. Since the Silver Lake fund took a stake in its capital, its ambition has been to boost its inorganic growth outside France, its core market.

In the Iberian Peninsula, Cegid is a leader in Cloud business management solutions and has more than 1,300 employees, 700 partners and a pro-forma turnover that is expected to reach €169 million this year.

About the seller: Informàtica3

With more than 40 years of experience and headquartered in Girona, Informàtica3 is a leader in creating software solutions for business management aimed at small and medium-sized companies seeking to optimise their information processes.

Its mission is to offer a product that is close to end users, facilitating the administration of their company with programmes that, characterised by a high level of technological knowledge and simplicity of use, exceed the requirements of multiple sectors and environments. With more than thirty years in the management software sector, they have brought extensive knowledge and commitment to what they do.

Its integration into Cegid Primavera‘s portfolio of solutions will boost the growth of the company, which currently employs around 20 people and expects to achieve 3 million euros in sales this year.

The advisors: ONEtoONE Corporate Finance

This latest acquisition follows the recently announced acquisition of Gestión Remota, with which Cegid continues to consolidate its position as the leading global provider of cloud-based business management solutions in the Iberian Peninsula.

This operation has been led by Bernar de la Hera and Ignacio Trigo, from ONEtoONE Corporate Finance Spain.

About ONEtoONE

ONEtoONE has advised the Chilean company Grupo MOK in its acquisition of the Mexican company Montolin Asistencia.

Grupo MOK has a presence in Chile, Peru and Colombia, however, thanks to the acquisition of Montolin Asistencia, the conglomerate has now entered the Mexican market. In addition, they have over 20 years of experience in the insurance and travel industry and the financial market.

The MOK group was founded in 1996 with its business focused on: travel assistance, extended warranty, insurance and telemarketing. The group consists of MOK multi-services, MPRO Liquidators, CALLSOUTH callcenter, Prever, Mok Warranty and MOK Automotive.

It currently has more than 2,000 employees and annual sales in excess of 80 million US dollars.

Montolin Asistencia is a Mexican company that specialises in services such as insurance and claims adjustment, mass assistance and TPA (Third-party administrator) services. Its objective is to achieve customer satisfaction and profitability through tailor-made solutions for each company.

This transaction was advised by Dominique Gazel-Antholine, Alfonso Hernández Galindo and Federico Cuevas Delint.

Congratulations team!

If you would like more information on how we can help you with the sale of your company, do not hesitate to contact us.

ONEtoONE advises Italian company TINEXTA S.P.A. on its acquisition of 70% of Spanish company Evalue Innovación through Warrant Hub.

Tinexta, acquired Evalue Innovación for 20.6 million euros. As a result of the acquisition, Tinexta has now become the majority shareholder in the company.

Tinexta is a leading provider of Digital Trust, Cyber Security, Credit Information & Management services. Listed on Euronext Milan – STAR segment, the Tinexta Group closed its 2020 consolidated financial statements with revenues of 269.1 million euros, EBITDA of 77.9 million and net profit of 37.9 million.

The Valencian consultancy firm Evalue Innovación, specialises in advising on tax incentives for R&D&I and is one of the leading Spanish consultants in obtaining European, national and regional funding and public aid for innovation. After the transaction, the firm will continue to retain its own brand, team and management, as well as its business strategy.

This acquisition means Tinexta can now grow further in the Spanish market as Evalue Innovación has an extensive presence throughout Spain with offices in Valencia, Madrid, Barcelona, Seville and Murcia.

Chairman of Tinexta, Enrico Salza, comments on the deal, saying: “the Tinexta Group is continuing to grow abroad, acquiring dimensions that make it more and more a market player in a position to dialogue with major international corporations”

The transaction was advised by a team led by María José Martínez Gil, Federico Forchielli, Pedro Moragues Prieto and Fabio Lupo.

A massive well done to our ONEtoONE team!

If you would like more information on how we can help you with the sale of your company, do not hesitate to contact us.

New M&A transaction advised: Midsona acquires Davert, a leader in the German organic food market

Midsona AB (publ) (“Midsona”) has reached an agreement for the acquisition of German company Davert. The M&A transaction, which has been advised by ONEtoONE Corporate Finance and Seufert Rechtsänwalte on seller´s side and Strata Advisory AB, Heuking Kühn Lüer Wojtek and Fredersen Advokatbyrå AB by on buyer´s side, involves the acquisition of the German leading company in the organic food market with a turnover that exceeds 60 million euros per year. The total purchase price is approximately EUR 48.5 million (~SEK 511 million), on a debt-free/cash-free basis, and will be paid in cash¹.

About Midsona

Midsona holds a strong position in the Nordic market with own strong brands within health foods, personal care and hygiene. Midsona also sells a number of licensed internationally established brands. Our products are sold through grocery and convenience stores, pharmacies, health stores and internet. Midsona’s priority trademarks are: DALBLADS, FRIGGS, HELIOS, KUNG MARKATTA, MIWANA, NATURDIET, ESKIMO-3 and URTEKRAM. Midsona has annual sales of about MSEK 2,173 (2017). The Midsona share (MSON) is listed on NASDAQ OMX Stockholm, Mid Cap.

About Davert

Founded in 1984 by Rainer Welke, Davert is a pioneer in the organic food industry in Germany. The Company is a leading manufacturer and distributor of organic dry packaged food, offering products under its own Davert brand as well as private label products. Davert’s portfolio includes a broad range of organic products in categories such as convenience products, snacks, superfoods & nuts, breakfast cereals, rice and pulses. Davert’s products are sold through various channels including grocery stores, drugstores, health food stores as well as to the food services industry.

In recent years, Davert has launched a new brand design, broadened its product portfolio and extended its distribution. In this period the Company also moved into a new, purpose-built production facility and significant investments were made in state-of-the-art manufacturing lines and an automated warehouse. Davert has approximately 150 employees, all of which are located at its facility in Ascheberg, North Rhine-Westphalia, Germany. Sales in 2017 were EUR 64 million (~SEK 616 million).

Financial Effects of Acquisition on Midsona

For the financial year 2017, Davert achieved sales of EUR 64 million (~SEK 616 million) and adjusted EBITDA of approximately EUR 4.4 million (~SEK 42 million). For the current financial year, Midsona expects Davert’s sales to increase compared to the previous year and to achieve adjusted EBITDA of approximately EUR 5.0 million (~SEK 53 million). Not taking into account any transaction-related costs, financial or synergy effects, the purchase price would represent a current year EV multiple of approximately 9.7x EBITDA.

Synergies are anticipated to be realized in areas including production, cross-selling and procurement. By 2022, these synergies are expected to have an annual impact on EBITDA of approximately EUR 3.8 million (~SEK 40 million). Initial synergies are expected to be realized during 2019. Midsona has financed the M&A transaction with a new debt facility.

^{(1) The purchase price excludes: (i) a capital investment in a new production line of EUR 8.5 million and (ii) potential payments between April 2020 and 2022 of up to EUR 6 million in aggregate contingent on Davert exceeding specified financial targets. The capital investment will provide Davert with new production capabilities targeted at attractive, fast growing segments. The investment program is expected to be completed in late 2018.}

^{Note: Purchase price and 2018 figures converted to SEK at exchange rate of 10.54. 2017 figures converted at 2017 average rate of 9.63.}

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