English MainCover already received The first signs of interest in the GTT, Alicante-based firm specializing in software development and service provision for Tax collection from municipalities and autonomies. After testing market interest last fall and even entering into negotiations with some interested parties, the fund has definitively selling process this spring when the investment bank hired its services Houlihan Lokeywas responsible for moving the sales ledger and searching for potential buyers.
Thus, the company has already received initial offers or signs of interest. up to five possible candidates. Especially with regard to British funds. Cinven And Stirling Squareand Americans Carlyle, precaution And TA Partnersas posted this Monday Five days.
After that, the process enters a second phase. prepare a final offer and the offer for the company he manages charles rico, already accustomed to these changes in the shareholding. Established in 1998, the Gestión Tributaria Territorial (GTT) An initiative by Fernando PlazaThe one tasked with establishing the tax agency (Suma) of the Alicante State Assembly and wishing to replicate this successful model from the private sector. He got the support of many people for this. savingWho provided the capital?
During the economic crisis, financial institutions chose to sell their packages to the fund. Increase CapitalTransferred to another fund, Spain, for around 50 million euros in 2017 GEDWith one more share left, oquendo Capital and the management team itself. The next transfer took place in 2020, when he sold 100% of the above company to British AnaCap for over €100m. for new buyer..
Regardless of these changes, the company significant growth in recent years, both organically – through the award of public tenders to which it was sent – and through acquisitions. Thus, it acquired Catalan in 2008. tribugesttook over Basque in 2018 Gesmunpal and Dominican GSM Consortium and it was done with electronic management line last year. Meana Group.
In addition to its raid in the Dominican Republic, the firm also Honduras, where this country’s tax office is responsible for developing the new system. The company will celebrate 2021 as a 40.5 million Euro turnover.
Source: Informacion
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