Context
Originally created from the acquisition of Adonix by The Sage Group in 2005, Salvia is a French ERP vendor providing full-suite solutions to manage real estate assets. Following a change in the group’s strategy, Sage divested the business to Argos Wityu and the management team in April 2013.
Salvia Developpement has a prominent position in the French software market with a comprehensive suite that addresses specific demands in the public and private real estate market.
The company provides its clients with expert solutions that meet the financial, project, CMMS and energy management as well as digitization needs of social landlords, real estate developers, property developers, facility managers, and local public authorities. Salvia offers its solutions on-premise as well as in the cloud.
With the acquisition of Salvia Developpement, TSS, a Constellation Software company (TSE: CSU), will strengthen its real estate portfolio and social housing market coverage by adding France to the existing Dutch and North American covered sectors. Sharing VMS best practices is a highly valued and common practice within TSS, and the acquisition of Salvia Developpement will give new dimensions to TSS’s expertise.
About Salvia Developpement
Salvia Group is a vertical market software company with solutions for social housing, real estate and the public sector verticals. The Salvia Group develops comprehensive product offerings to address current and future market demand in specific vertical markets. The company serves more than 1,300 real estate companies (social housing companies, real estate developers, development corporations, and engineering firms) and over 2,500 government authorities (regions, departments, EFA, EPCI, municipalities, and public institutions) in the metropolitan territory and overseas. The Salvia Group headquarters are in Aubervilliers, France.
About Total Specific Solutions
Total Specific Solutions is the leading provider of IT business solutions and consists of independent business units that deliver products and services to their specific vertical market segments. This market expertise is based on decades of experience. TSS is part of Constellation Software Inc. (CSI), a public company listed on the Canadian Stock Exchange.
Bryan, Garnier & Co acts as Sole Advisor to Argos Wityu and the real estate management software provider Salvia Developpement on its sale to Total Specific Solutions (TSS)
Bryan, Garnier & Co acted as the Sole Financial Advisor to Argos Wityu and Salvia Developpement on the transaction.
Bryan, Garnier & Co advised and ran a competitive dual track process with the intention of finding the right financial or strategic partner for Salvia Developpement, able to support further expansion of the company in the context of a strong growth momentum.
This transaction continues to mark Bryan Garnier & Co’s unrivaled expertise in the European software space. Other notable transactions include the sale of Apak to Sopra Banking Solutions, sale of Dimelo to Ring Central, the acquisition of Maincare by Montagu, acquisition of Icod and Effisoft by Prima Solutions (backed by The Carlyle Group).
With 24 operations involving a financial sponsor since 2018 (as client or counterpart), Bryan, Garnier & Co confirms its strong positioning in the European Private Equity ecosystem.
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