Based in Dorset, Tiger is a provider of software, cloud and applications-based systems for the global hospitality market. It boasts a client base of over 10,000 individual hotels and global client base with regional satellite offices in North America, Europe, the Middle East and Asia Pacific.
The shareholders initially approached us to consider their options for realising value from the business.
Our corporate finance technology team utilised its knowledge of the sector to identify and approach a list of strategic acquirers and private equity from over 10 countries.
We provided corporate finance advisory services to the company, its private equity investor and individual shareholders. This included project management of the transaction, identifying and contacting acquirers and leading on negotiations and delivering a successful exit for the shareholders.
Nigel Le Bas, who led the transaction comments “Tiger is considered a market leader in hospitality applications and has experienced strong growth following its MBO from Mitel Systems in 2020. Valsoft is an ideal home for the business going forward and we look forward to seeing the company continue to expand and flourish as part of a larger hospitality group.”
This is a very exciting opportunity for us to further develop our expertise and strengthen our position as the leading provider of hospitality applications worldwide. Being part of the Valsoft family will allow us to accelerate our growth and development plans. Grant Thornton provided hands on support throughout the transaction and contributed to an excellent result for the shareholders.
John Owen CEO, TigerTMS Holdings Limited
