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PLMJ advises Oxy Capital and management team on the sale of Saphety

09/07/2021
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PLMJ advised Saphety's previous shareholders – Oxy Capital and the technology company's management team – on the process of selling their operation to the US company Sovos.

Specifically, Saphety was owned by the Oxy Capital II Fund and the management team.

The PLMJ team was led by partner and co-head of Corporate M&A, Duarte Schmidt Lino, with Alexander Ehlert (managing associate), Rita Braga Themido (senior associate) and Sara Alves Lourenço (trainee lawyer).

Saphety was founded in 2000 and is the Portuguese leader in providing solutions for electronic sharing of documents, electronic invoicing and data synchronisation between companies. Besides Portugal, it operates in Brazil and Colombia and has 10,000 business customers and 190,000 users in 52 countries. Saphety provides services in a number of sectors, including telecommunications, retail, transport, energy, logistics, services and health, in addition to the public sector.

Sovos is a global supplier of software for managing tax information based in the United States. It has more than 2000 employees and a presence in 70 countries.

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