Bondo Advisors acted as the exclusive sell-side financial advisor to Andy in its sale to CHR Group, a European leader in digital solutions for food safety, compliance, and operational management in the foodservice industry.
Founded in Spain in 2017 and led by CEO Rafa Liñán Vega and CTO Carlos Torres Valhondo, Andy is a SaaS platform specializing in the digitalization of operations for restaurant chains, supermarkets, institutional catering providers, and multi-site operators. The company offers solutions for HACCP management, production labeling, operational controls, incident reporting, and process standardization across complex and distributed environments.
Andy serves approximately 230 brands and 5,000 locations, including international operators such as Starbucks, Popeyes, and Domino’s Pizza.
The acquisition of Andy enables CHR Group to strengthen its presence in Spain and Southern Europe, expand its value proposition in the enterprise segment, and complement its existing platforms, including ePackPro and Adoria. CHR Group serves approximately 185,000 users across 28,000 locations in nearly 50 countries.
The transaction is part of CHR Group’s international growth strategy, supported by Verto and a new strategic investment from PSG Equity, a global growth equity firm specializing in software and technology-enabled services companies.
Rafa Liñán Vega, CEO of Andy, commented:
“Bondo Advisors was a key partner throughout the entire process. They helped us prepare the company, position the opportunity correctly, manage discussions with potential partners, and negotiate a transaction that aligns perfectly with Andy’s future. Their knowledge of the software sector, experience in sell-side processes, and personal commitment made a significant difference.”
Joshua Novick, Managing Partner of Bondo Advisors, added:
“Andy is a great example of the type of company that generates strong interest in today’s market: mission-critical vertical B2B software, blue-chip customers, a highly compelling value proposition, and an outstanding founding team. It has been a privilege to support Rafa, Carlos, and the entire Andy team in this new chapter alongside CHR Group.”
With this transaction, Bondo Advisors further strengthens its position as a specialist advisor in software and SaaS sell-side transactions. Over the past twelve months, the firm has advised on three international software-sector transactions: the sale of MDirector to U.S.-based Emblue, the sale of Nemon to Dutch company Eneve, and now the sale of Andy to CHR Group in France.
About Bondo Advisors
Bondo Advisors is an independent M&A advisory firm specializing in sell-side transactions for software, SaaS, IT consulting, digital services, marketing technology, and technology-enabled B2B companies.
The firm advises founders, shareholders, and management teams on majority sale processes, capital raising initiatives, and strategic corporate transactions, with a particular focus on small and mid-sized technology companies.
Over the past twelve months, Bondo Advisors has advised on three cross-border software transactions: the sale of MDirector to Emblue in the United States, the sale of Nemon to Eneve in the Netherlands, and the sale of Andy to CHR Group in France.
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