CTAIMA has joined forces with e-coordina and secured an investment from Hg

CTAIMA

CTAIMA is a leading provider of supply chain risk and compliance management (SCRCM) and governance, risk and compliance (GRC) cloud-based software in Iberia, Europe and Latin America. Through its solutions portfolio, CTAIMA offers a comprehensive Software as a Service (SaaS) platform combined with tech-enabled services to help its clients effectively manage all critical risks and issues related to contractor management and external worker compliance while ensuring legal compliance at their work sites. Founded in 2003 and headquartered in Tarragona, Spain, CTAIMA has built an impressive network of more than 1,300 hiring clients and over 120,000 contractors across multiple countries and sectors.

The Deal

Following Baluarte Capital’s acquisition of CTAIMA in 2020, the company has experienced double-digit yearly organic growth and best-in-class software metrics. E-coordina has followed a similar track record of growth and good practices. CTAIMA and e-coordina’s is a strategic combination to create a leading Iberian contractor management, risk and compliance software platform.

CTAIMA’s shareholders hired Lincoln International as advisors to lead a controlled process with a limited number of financial investors to find the right strategic financial partner to support the company in its development.

Lincoln’s SCRCM and GRC software expertise, coupled with a highly tailored process, cross-border collaboration and on-the-ground execution ensured a seamless process, ultimately leading to a successful partnership between CTAIMA and Hg. Hg’s investment in CTAIMA marks a significant milestone for the company and its management team in its strategy to further consolidate the Iberian market and become a European leader in SCRCM and GRC software and adjacent solutions. The deal also represents a landmark event for the Spanish software ecosystem, marking Hg’s first primary investment in the country.

Our Perspective

Matthieu Rosset, Lincoln International Managing Director who co-led the transaction, commented, “The market for SCRCM and GRC software has seen substantial interest from investors in recent years. With its virtuous business model benefiting from strong network effects and high-value-added solutions, CTAIMA has achieved sustainable and profitable growth paving the way for its next international growth phase. Hg is the ideal partner to support CTAIMA in its next phase of international expansion and to further capitalize on a rapidly growing market.”

Iván Marina, Lincoln International Managing Director Director who co-led the transaction, added, “We are thrilled to have advised CTAIMA’s shareholders on the successful investment from Hg. We celebrate this landmark transaction on the Spanish software market and look forward to the continued success of the company. This transaction also underscores Lincoln’s cross-border and local execution model.”

Hg

Hg is focused on backing businesses that change how everyone does business. Deep technology expertise complemented by vertical application specialization and dedicated operational support provides a compelling proposition to management teams looking to scale their businesses. Hg has funds under management of more than €60 billion, an investment team of more than 140 professionals and a portfolio team with over 50 operational specialists providing practical support to help businesses realize their growth ambitions.

Share: