Context

Verto Growth acquired Reflexion Capital's minority stake in MyTower, becoming the new reference minority shareholder behind the majority management team. The sale process was managed by Rothschild & Co. Reflexion Capital exits with a gross money-on-money multiple of 4x and a net IRR of 38.7%, representing its first-ever portfolio exit. Verto's investment thesis centres on MyTower's modern technology stack, its strong positioning in the growing shipper TMS market, and its potential to become a reference European software platform through an active build-up strategy. Verto may take a controlling stake if a transformative acquisition is finalised in the coming months. Crystal Group retains a small residual minority position.

Target

MyTower is a French software publisher specialising in the digitalisation of transport and international trade operations, originally developed as a technology within Crystal Group before becoming an independent entity in 2018. The company offers a next-generation Transportation Management System (TMS) for shippers — distinct from carrier-side TMS — as well as Global Trade Management (GTM) solutions encompassing supply chain management and customs compliance. MyTower's platform interfaces with ERP and WMS systems, facilitating data exchange between industrial and distribution clients and their transport providers and suppliers.