SSK&W law firm advised the shareholders of Better Software Group S.A. on its acquisiting of a strategic investor – Spyrosoft S.A. (a Warsaw Stock Exchange listed company).
Our legal advisory included preparation of transaction documentation (letter of intent, share sale agreements, shareholder agreement), negotiations and coordination of the entire transaction (including due diligence process).
More information in Polish:
Bartłomiej Lozia – President of the Management Board and Sławomir Piwko, Vice-President of the Management Board of Better Software Group S.A.: “We would like to thank SSK&W team – Szymon and Iga for providing legal advisory in the transaction process and taking care of our interests. There are still many activities for which we will need SSK&W – we look forward to this further cooperation ”.
Previously, SSK&W advised on the buyout of Better Software Group S.A. minority shareholders.
Better Software Group S.A. is a dynamically developing software house with its headquarters in Wrocław and offices in Warsaw and Oslo. The company provides solutions for all popular mobile platforms, Smart TV, STB, web and other consumer devices and gadgets.
Better Software Group S.A. was established in 2011 and employs 170 people. In 2021, the company’s revenues amounted to PLN 25 million, EBITDA profit was almost PLN 5 million, and net debt was PLN 1.9 million.
Spyrosoft is an international company from Wrocław that has been offering comprehensive software development services since 2016. About 86 percent the company’s revenues come from contracts concluded with foreign clients, mainly from Great Britain, Germany and the USA. The company cooperates with clients from 8 countries. The company has offices in Poland, Great Britain, Germany, Croatia, the United States, Romania, Argentina and India. In 2021, the revenues of the Spyrosoft Group increased by 54% to PLN 174 million, EBITDA profit increased by 24% to PLN 32 million, while the net profit increased by 37% to PLN 17 million.
SSK&W provides services to dynamically growing technology companies, ranging from ongoing services, to obtaining financing (including VC), and finally on the IPO or sale of business to a strategic partner.