- AnaCap acquired GTT in July 2020
- AnaCap will retain around 20 percent stake alongside Stirling Square and management
- Stirling Square is a pan-European investor targeting mid-market businesses
GTT is a software developer for the management of tax collection for municipalities and governments. The company is headquartered in Alicante, Spain.
AnaCap acquired GTT in July 2020.
GTT’s international revenues increased tenfold with this expansion into Latin America and reported around 70 percent growth in revenue since AnaCap’s initial investment, according to a release.
AnaCap will retain around 20 percent stake alongside Stirling Square and management post deal completion.
“We have been able to implement a vast range of technology sector expertise and operational value-add support to rapidly grow the business through a combination of organic and inorganic strategies across Spain and into Latin America,” said Nassim Cherchali, co-managing partner at AnaCap.
AnaCap is a partner for founders and entrepreneurial management teams, investing in lower mid-market software, technology, and services Europe. The firm is based in London.
Stirling Square is a pan-European investor targeting mid-market businesses. The London-based firm manages over €3 billion on behalf of a global investor base. It invests in companies between €50 million to €500 million enterprise value range.