SPARK Impact & >_fund:tmt Secures Significant Return and 40% IRR from Tiger TMS Sale

Press Release: 

Tiger TMS, a leading developer of applications and middleware solutions for the hospitality market, has been acquired by Canadian-based software investment company Valsoft Corporation.

Tiger TMS was acquired from previous owner Mitel Networks Corporation by CEO John Owen in February 2020.  The Management Buy Out was supported with significant equity investment from >_fund:tmt, who have secured a 40% IRR following the sale of the business.

>_fund:tmt is managed by SPARK Impact, who have since operationally merged with River Capital, a leading fund manager based in the North West. 

Following the MBO, Tiger TMS have continued to establish themselves within the communications and guest management systems industry, providing products including iPortal, an award-winning Mobile Guest Services solution, to some of the most prestigious and recognisable international hotel groups including Hyatt, Marriott, Crowne Plaza and Holiday Inn.

This growth has enabled Tiger TMS to develop its global distribution network to a point where they now partner with over 160 distributors across 6 continents and service over 10,000 individual hotels, leading to significant increases in revenue and profitably.

River Capital Portfolio Director Jerry Mobbs, who managed the exit process, said:  

“We are delighted to have completed the acquisition of Tiger TMS by Valsoft, securing a significant return and 40% IRR for >_fund: tmt and its investors.

 Since the Management Buyout, the team led by John Owen has demonstrated great determination and skill in navigating difficult trading conditions and at the same time delivering impressive growth.

The acquisition marks an exciting new chapter for Tiger TMS in delivering innovative solutions to its customers and we wish them well in this next exciting stage of their journey.”

 Tiger TMS CEO John Owen added: 

“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”

Grant Thornton and Excello Law advised Tiger TMS on the transaction, with >_fund:tmt advised by Brabners Liverpool Office.