Business Software Group S.L. (BSG) has signed a sale and purchase agreement (SPA) with the majority shareholders of Clever Global S.A. (Clever) to acquire 72.474% of Clever shares on February 29, 2024, therefore, a voluntary public takeover offer (OPA) has been launched to the other shareholders of Clever for an “enterprise value” of 15.3 million euros. The offer has a premium of 57.33% above the last listing price.
This transaction is another step in BSG’s strategy to invest in mission-critical B2B software companies. BSG has made other acquisitions in this vertical such as Externalia in 2021, a company also a leader in software for the Coordination of Business Activities (CAE), and recently BSG has acquired APSIS, a document validation company to be able to provide a comprehensive platform service, and finally, thanks to the acquisition of Clever Global, it wants to become one of the leaders in this market in rapid consolidation.
With the proposed transaction, BSG is expected to realize more than €33 million in revenue in 2024, thanks to its more than 450 employees organized across 5 different platforms, in different countries.
About Business Software Group
Business Software Group is an industrial software group with a buy and consolidate strategy that invests in highly scalable B2B software companies with recurring business models. Since its founding in 2020, Business Software Group has acquired 14 software companies. It currently employs more than 450 employees and is a market leader in ERP, CAE, asset management and financial reporting software platforms.
About Clever Global S.A.
Clever Global is a company listed on the BME Growth of the Madrid Stock Exchange (Spain). Clever is a technology services and SmartSourcing company specialized in the coordination of business activities and the global management of suppliers and contractors, employees, machinery and vehicles (CAE). Clever operates in more than 50 countries on 5 continents and through its technological platform manages more than 6,000 million euros in purchases and 440,000 workers for more than 35,000 companies. Clever is headquartered in Seville and is located in more than 10 countries with more than 250 workers.
