Nature of Funding :
Use of Funding :
Management Buyout
Sector :
Amount :
Date of Investment :
February 2020
Location :
Ringwood, Hampshire
Fund :
>_fund: tmt


Tiger TMS was the subject of a Management Buyout out from Mitel Networks Corporation in February 2020, led by CEO John Owen and backed by a significant investment from >_fund: tmt, managed by SPARK Impact who have operationally merged with River Capital.

Tiger TMS is a leading developer of applications and middleware solutions for the Hospitality market, operating across six continents. From its HQ in the UK it has offices in North America, Europe, the Middle East and Asia Pacific.

With over 40 years industry experience, Tiger TMS is probably the world’s largest single supplier of communications and guest management systems, integrated voice and data solutions, as well as BYOD solutions to the Hospitality industry. Providing world-class technology solutions to some of the largest and most prestigious hotel groups as well as hundreds of independent hoteliers, its client base extends to over 10,000 individual hotels.

Since the MBO, the company has successfully weathered the various lockdowns imposed in territories around the world as a result of the Covid pandemic, delivered year on year growth and introduced a number of new products including iPortal, an award winning Mobile Guest Services solution. Sales, gross margin and EBITDA have all increased and it has secured cloud certification for its products with a prestigious international hotel chain.

Following an extensive marketing exercise through the second half of 2022, the company was recently sold to Valsoft Corporation, a Canadian based company that acquires established, successful software businesses and looks to develop them as leaders in their various industries.

The acquisition saw the Fund realise a significant return on its investment at completion, delivering an IRR of just under 40%. Future payments due as part of the transaction will see further returns.

The company was advised on the transaction by Grant Thornton and Excello Law, and >_fund: tmt by Brabners Liverpool Office.


We’d like to thank SPARK Impact for the faith and confidence that enabled the MBO in February 2020. Under their stewardship, the business has flourished in the subsequent 3 years, and we are now looking forward to continued growth as part of the Valsoft group of companies.

John Owen - TigerTMS