22/04/2022

Press release

BAKER TILLY ADVISES VISMA, LEADING EUROPEAN SOFTWARE COMPANY, ON IT’S ACQUISITION OF DECLARANDO.

On April 20, 2022, the majority stake acquisition of Declarando by Visma, leading European software company, was closed. Baker Tilly Corporate Finance advised the Visma team on this transaction.

Declarando is the fastest-growing accountancy and tax software company for Spanish freelancers. The deal strengthens Visma’s growing presence in Spain. The Castellon-based company will continue to operate as an independent entity, with founders Marta Zaragozá, Juanjo Traver and Vicente Solsona staying on board. Declarando has previously raised 2,7M€ from Sabadell Venture Capital, Bankinter, Encomenda VC and JME, who will remain as partners in the start-up.

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€.

“We believe that Visma is the perfect match at this stage of our journey. Declarando will get the support and experience from one of the 5 largest European software companies that will facilitate our mission of having a major impact in the life of Spanish freelancers,” said 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.

«We are extremely pleased to welcome Declarando to Visma,» said Ari-Pekka Salovaara, Visma’s Segment Director for SMB. «Their efforts to simplify the financial control of Spanish freelancers will fit right in with Visma’s mission to be a trusted partner for European entrepreneurs. We will learn a lot from each other, and at the end of the day it is the customers who will benefit».

BAKER TILLY CORPORATE FINANCE:

Baker Tilly has advised the Visma Group in negotiations with Declarando’s management team. Diego Gutiérrez, partner specialized in the tech sector, has led the team. Baker Tilly Corporate Finance has a team specialized in M&A and has consistently ranked in the Top 10 in the mid and small market worldwide. “This deal, which was closed in only two months, is a great opportunity for the Visma Group to strengthen their offer for freelancers in Spain and Europe.” said Diego Gutiérrez.

Baker Tilly International’s services in corporate finance include advising on crossborder 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 specializing in advisory, consulting, audit, tax and legal, accounting, labor and management services for SMEs and multinational companies.

Nuevos informes y series de datos: El Capital riesgo Informal en España 2021 / Informe de Impacto Económico y Social del Capital Privado en las operaciones de Middle Market en España. 2018 (ASCRI) / Informe de Impacto Económico y Social de los préstamos otorgados por Enisa

Otros informes destacados: Madurez del Venture Capital en España.  (English version)/ Financiación de startups de Energía en España / El tiempo de las desinversiones en Private Equity en España (English version)

Webcapitalriesgo.com está patrocinada por Quantum Capital Partners  

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