Once For All, a prominent provider of supply chain compliance and sustainable sourcing solutions, has acquired Nalanda Global, a top Spanish software platform specializing in supply chain risk and compliance management.
This acquisition marks a significant expansion for Once For All into the Spanish market and is set to enhance its technology platform with a wider range of products for its customers.
Nalanda, established in 2000 and headquartered in Madrid, boasts a substantial digital network of over 1,000 contractors and 45,000 sub-contractors, making it one of the world’s largest supplier communities.
The company’s SaaS-based network aligns with Once For All’s operations, focusing on contractor compliance management across various industries. Additionally, Nalanda introduces new worker-level compliance and health & safety solutions to Once For All’s offerings.
The acquisition comes after GTCR’s partnership with CEO David Hornsby to acquire Once For All in 2023. PSG Equity, which took a majority stake in Nalanda in 2021, will maintain a minority stake post-transaction. The deal is anticipated to conclude in the upcoming weeks, further solidifying Once For All’s position as a leader in the built environment’s supply chain solutions.
David Hornsby, Chief Executive of Once For All, said: “Nalanda is a well-established provider with a product suite that strategically complements our own, and we are enthusiastic about combining our strengths as we continue to grow Once For All across Europe. We are excited to welcome the Nalanda team to Once For All and we look forward to working together.”
Juan Gil Rabadan, Founder and CEO of Nalanda, said: “Nalanda has gone through a transformative journey over the last three years under PSG’s ownership. Through the investment in people and product, both organically and via M&A, we’ve established Nalanda as an industry leader in supply chain risk and compliance management in Spain, with a growing international presence. We are now thrilled to join Once For All as we share a vision for supporting the built environment globally. We look forward to partnering with the Once For All team and continuing to invest in innovating our technology and capabilities to serve our customers.”
Mark Anderson, Managing Director and Head of Technology, Media & Telecommunications at GTCR, said: “The combination of Once for All and Nalanda helps position the business for future growth through a pan-European offering. The combined company provides a leading technology platform and differentiated suite of products to help address the critical supply chain and compliance needs of its customers. We are pleased to partner with the PSG team and look forward to the continued success of the business.”
Dany Rammal, Managing Director at PSG Equity, said: “PSG is proud to have been part of the journey to create a leading Spain-based software champion. Nalanda’s success to date is a testament to Juan Gil Rabadan’s vision and his entire team’s dedication to scaling the Company’s solution into a comprehensive supply chain risk management and compliance offering. We are excited to be continuing the journey alongside GTCR, David Hornsby and the entire Once For All management team in support of the combined company’s growth journey.”