Main Mezzanine Capital provides Worldmeetings with mezzanine loan for management buy-out
The management of Worldmeetings, consisting of Bob Pieterson, Inge van Rooij, Hans de Lange and Jeanette Winters, have successfully realized a management buy-out (‘’MBO’’). Main Corporate Finance has structured the MBO and arranged the financing for the transaction. The bank loan was provided by Rabobank. The transaction was co-financed with a mezzanine loan from Main Mezzanine Capital.
Worldmeetings (www.worldmeetings.com) exploits a self-developed online platform that allows clients to easily book meeting rooms, conference rooms, training rooms and hotel rooms. Worldmeetings, based in The Hague, was founded in 1991 and has about 40 employees. The company is growing rapidly and has over 60 clients such as KPN, ABN Amro, UWV and several governmental institutions, which have the choice of over 1.500 locations in the Netherlands and Belgium.
Worldmeetings realizes a highly profitable and growing revenue stream of over € 3,5 million a year. The goal of the management is to become a leading international player in the market of meetings.
Bob Pieterson: ‘’Worldmeetings has built a strong market position. The organization is ready for further growth and the internationalization of all our services. With innovative solutions and excellent customer service, we will achieve our ambition. We found a good partner in Main and are excited about our partnership.’’
Lars van ‘t Hoenderdaal: ‘’We know Worldmeetings for quite some time and we are impressed by the growth in combination with highly profitable operations. We have great confidence in the management and their growth ambitions and endorse the added value of the platform for both the locations and the customers.‘’
Main Mezzanine Capital is part of Main Capital Partners (www.main.nl), an investment and financing company focused on profitable and growing companies in the software and TMT sector within the Netherlands and Germany. The funding of Main Mezzanine Capital comes from its own shareholders, as well as high net-worth individuals, family offices and (former) entrepreneurs, who wish to set aside their assets in a responsible and cost-effective manner.