M&A Deal Summary

Sovos Compliance Acquires Saphety

On July 7, 2021, Sovos Compliance acquired software company Saphety from Oxy Capital

Acquisition Highlights
  • This is Sovos Compliance’s 3rd transaction in the Software sector.
  • This is Sovos Compliance’s 2nd transaction in Portugal.

M&A Deal Summary

Date 2021-07-07
Target Saphety
Sector Software
Buyer(s) Sovos Compliance
Sellers(s) Oxy Capital
Deal Type Add-on Acquisition
Advisor(s) PLMJ Advogados, SP, RL (Legal)

Target

Saphety

Lisbon, Portugal
website
Saphety is a provider of solutions for the electronic exchange of documents, electronic invoicing, financing of electronic invoices, presentation of electronic invoices, and data synchronization between companies. Saphety was founded in 2000 and is based in Lisbon, Portugal.

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Buyer(S) 1

Buyer

Sovos Compliance

Wilmington, Massachusetts, United States

website


Category Company
Sector Software
DESCRIPTION

Sovos Compliance is a provider of software that safeguards businesses from the burden and risk of modern transactional taxes. Combining the trusted industry expertise and global research capabilities of Convey, Taxware, and VAT Resource, the company enables over 3,000 clients to operate with the confidence to efficiently navigate today’s dynamic regulatory environment. Sovos Compliance is based in Wilmington, Massachusetts.


DEAL STATS #
Overall 17 of 20
Sector (Software) 3 of 5
Type (Add-on Acquisition) 15 of 18
Country (Portugal) 2 of 2
Year (2021) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 PetaPilot

Porto, Portugal

PetaPilot provides customers a scalable integrated data analytics tool for digital audit and tax compliance in a cloud or on-premise offering. The solution analyzes all of a company’s transactions contained in SAF-T files prior to the submission to the tax authority. The product is sold to both tax authorities and corporate customers. PetaPilot was founded in 2014 and is based in Porto, Portugal.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-20 Digital Planet

Istanbul, Turkey

Digital Planet provides cloud compliance solutions for continuous transaction controls (CTCs), including e-invoicing, e-receipts, e-delivery note and e-ledger. The company's cloud solutions address e-transformation mandates, as well as customer communication management for banks, telecommunications, and insurance companies, which rely on Digital Planet solutions to provide telephone bills, bank receipts, credit card statements, insurance policies, and other personalized documents. Digital Planet was formed in 2000 and is based in Istanbul, Turkey.

Buy -

Seller(S) 1

DESCRIPTION

Oxy Capital is a private investment firm that looks to be a flexible provider of capital to companies in a variety of industries throughout Portugal and Italy. The Firm invests equity and/or mezzanine capital in small to mid-sized companies in need of funding for growth, restructuring, shareholder liquidity, and other complex situations. Oxy Capital was formed in 2012 and is headquartered in Lisbon.


DEAL STATS #
Overall 2 of 2
Sector (Software) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Portugal) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Synergym

Malaga, Spain

Synergym is a fast growing fitness operator. Synergym is focused on low and flexible prices, high-quality club design with specialized fitness areas, top-of-the-line high-tech equipment, highly qualified staff and a wide range of quality guided classes. Synergym was founded in 2013 and is based in Malaga, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-12 Vidraria Mortagua

Viseu, Portugal

Vidraria Mortagua provides double glass, tempered glass, laminated glass, tempered laminated glass and delivery and assembly services. Vidraria Mortagua was founded in 1996 and is based in Viseu, Portugal.

Buy -