In February 2024, Business Software Group (BSG) launched a initial public offer to the shareholders of Clever Global. The company has agreed to acquire 72.474% of the company's shares. Baker Tilly Corporate Finance has advised the BSG team on this transaction.
The deal will drive the growth of both companies, enabling BSG to expand its presence in the B2B software market. On the other hand, Clever Global S.A. will benefit from the support and additional resources of BSG to accelerate its growth and increase its market share.
Target: Clever Global
Clever Global, headquartered in Seville, Spain, is a multinational company that offers technological and SmartSourcing services. It specializes in global management of suppliers and contractors, helping businesses optimize their supply chains and reduce risks associated with outsourcing.
Founded in 2004, Clever Global has experienced rapid growth over the years, currently operating in more than 50 countries. The company's technological platform manages over €6 billion in purchases and 440,000 workers for more than 35,000 companies.
Investor: Business Software Group (BSG)
Business Software Group (BSG) is a Spanish business group specializing in B2B software. Since its founding in 2020, it has experienced rapid growth through a strategy of acquiring and consolidating companies with scalable software and recurring business models. Its focus is on empowering and accelerating the growth of entrepreneurs through a set of independent companies specialized in the manufacture, marketing, implementation, and support of business management software.
Currently, BSG is one of the leading providers of ERP, CAE, asset management, and financial reporting software platforms in Spain.
Baker Tilly Corporate Finance
Baker Tilly has advised Business Software Group in negotiations with the management team of Clever Global. Diego Gutiérrez, partner specialized in the tech sector, has led the team. Baker Tilly Corporate Finance has a team specialises in Mergers & Acquisitions and has consistently ranked in the top 10 of the global M&A market.
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 over 41,000 people working in more than 700 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.
