Vallis Capital Partners sells VORTAL to DOCU Nordic

VORTAL was previously held by Vallis Sustainable Investments I Fund, Netcorp, Pathena and MEO.

VORTAL’s mission is to “help public and private clients buy better and sell more in an efficient, transparent and collaborative manner”. It supports customers globally out of its offices in Portugal, Spain, Germany, Italy and Latin America and has 350,000 clients worldwide from small municipalities to national central procurement bodies and from SMEs to large multinational corporations and financial institutions.

Over the last five years, VORTAL doubled its business activity, having expanded its operations internationally with a strong focus on European and Latin American markets.

Miguel Sobral, CEO of VORTAL said: “VORTAL is a leading player in the operation of eSourcing platforms in private and public sector markets, combining buyer-oriented solutions with a B2B eMarketplace capable of discovering the most competitive and qualified suppliers. For suppliers, VORTAL delivers innovative lead generation and market intelligence tools, providing companies with additional insight to become more competitive and further increase success rates.”

Eduardo Rocha, CEO of Vallis added: “We are very happy to have successfully completed this transaction, which is the result of the hard work and innovative mindset of the entire VORTAL team over the past years. The fact that this transaction happens during a period of global uncertainty further reinforces the confidence in the strong business fundamentals of VORTAL”.

Meanwhile, Stefan Lindqvist, CEO of DOCU Nordic commented: “We look forward to working with the VORTAL team and continue growing the business as part of our group. We see great potential in geographic expansion of our two complementing business models, introducing the VORTAL offering in the Nordic region and bringing our offering to VORTAL’s home markets.”

Henrik Lif, partner at Stirling Square Capital Partners said: “We are very pleased with the acquisition of VORTAL and welcome all employees to the DOCU Nordic group. We look forward to supporting VORTAL in expanding its business both in its current markets and outside.”

Portuguese law firm Telles advised Vallis and Pathena on the deal. The Telles team included Francisco Espregueira Mendes, Cristina Ferreira, Mariana Ferreira Martins, Mariana Vilaça Fernandes and Tomás Paiva Rosado.