Thursday, September 21, 2023

Uría Menéndez, EY Abogados advise Nalanda on acquisition of Dokify

Uría Menéndez, EY Abogados have advised Nalanda (portfolio company of the private equity PSG Equity) on the acquisition of 100% of Dokify, a Spanish company leader in solutions for the coordination of business activities and the automation of document management processes


Nalanda Global, a leading Spanish supplier risk and compliance management software platform for the construction and adjacent industries, has announced the acquisition of Dokify, a provider of supplier risk and compliance management software solutions for non-construction sectors, to create a leading national platform across a broad range of end industries.

Founded in 2012 by Juan Medina, Dokify is an Occupational Health and Safety (OHS) Document Management and Supplier compliance platform headquartered in Madrid with a strong market position across diversified sectors in Spain, including distribution, industrials, energy, and logistics & transportation, amongst others.

The addition of Dokify consolidates Nalanda’s leading position in Spain by enhancing and building on the group’s growing presence in non-construction sectors. The combined group will have more than 70,000 customers across 16 countries, including Spain, Portugal, Poland, Norway, Italy, United Kingdom and France.

Juan Gil Radabán, founder and CEO of Nalanda, said: “Through the combination with Dokify, we combine and extend the already extensive Nalanda community to offer our clients and their suppliers a safe framework for work and a significant number of commercial opportunities. By enhancing and diversifying our presence in non-construction sectors and expanding our range of solutions we seek to provide our clients with a reliable and flexible compliance software solution designed to mitigate outsourcing risk and develop, control and enforce health and safety policies effectively. We are thrilled to be partnering with Juan and the team at Dokify and believe that this acquisition will support our future international growth ambitions to become a pan-European leader in the supplier risk and compliance management software sector.”

The acquisition of Dokify represents the fourth acquisition completed by Nalanda since PSG’s initial investment. In July 2021, Nalanda acquired CTGA to grow the group’s presence in the maritime and shipping industries, while the acquisitions of Construred and 6Connecta in January 2022 and May 2022 enhanced Nalanda’s scale and nodal density in the Spanish construction sector and added a complementary health and safety software solution respectively.

Uría Menéndez counselled Nalanda with a Madrid office M&A-Private Equity team formed by partner Christian Hoedl Eigel, senior associate Clara Muñoz Palma and junior associate Pedro Sáenz Abenza.

On the other hand, EY Abogados has provided Nalanda Tax Due Diligence and transaction Tax advice, which has been led by partner Diego Montoya (pictured left), manager Mónica Garcia (top right) and Pablo Uribarri (bottom right)).

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