Main Capital invests in the MBO of OnGuard

Main Capital Partners

Main Capital III has acquired a majority stake in credit management software company OnGuard International Holding BV (‘OnGuard’). OnGuard provides credit management software solutions and has built up an international customer-base of over 850 customers in more than 42 countries.

OnGuard was founded in 1993 and has offices in The Netherlands (HQ), London and Sydney. The flagship product is OnGuard Connext. OnGuard’s sophisticated software and services enable companies to optimize their accounts receivables management; including credit, collections and complaints management and cash allocation. Each day over 12,000 users work with the multi-language and multi-currency software. Key customers include Wolters Kluwer, BMW Financial Services, Sun Chemical, Avis Budget Group and Sodexo.

OnGuard’s mission is to provide its highly valuable customers with a low risk, high value solution and continuously focus on innovating and improving the quality of its software and services. With this transaction, OnGuard is able to further internationalize its business, both in direct sales and via partners. During the past year, OnGuard has established an international partner network with local partners now active in Italy, France, Denmark, Spain and Brazil.

The cooperation

David W. Taylor, CEO OnGuard: “Since we started creating software in 1993, OnGuard has been focused on delivering the very best in credit management software to our customers around the world. The support of Main Capital opens up new opportunities in terms of growth for the business and innovation for our customers. It underlines our continuing dedication to optimize the working capital of our customers by integrating their accounts receivables. We are very excited to continue building an innovative and successful future for OnGuard and its customers together with Main Capital.

Charly Zwemstra, Managing Partner Main Capital: “OnGuard is a successful company with an impressive global customer-base. As a specialized software investor, we have gained great experience in strategically building out companies in the Fintech space. Goal is to strengthen the business model, market position and internationalization of OnGuard.”

For this transaction a Mezzanine loan has been provided by Main Mezzanine Capital.

About OnGuard

OnGuard is committed to helping its customers to stay ahead by realizing more transparency and interaction around their accounts receivables and achieve faster payment of their invoices. The sophisticated software in which cash allocation and credit management can be integrated into one single solution focusses on customer relationships as well as financial transactions. OnGuard is a global market leader in credit management software with more than 850 customers and 12,000 users in over 42 countries worldwide. With a team of experienced professionals, OnGuard is committed to supply its global customers with sophisticated and innovative software and services for credit management. The current portfolio of OnGuard consists of global customers like Wolters Kluwer, BMW Financial Services, Sun Chemical, Avis Budget Group, Sodexo, Imtech, Carlson Wagonlit Travel, ArjoHuntleigh, Cargill and DSV.

For more information about OnGuard, please contact: Michael Facey (Marketing Manager). OnGuard, Slotlaan 3 , 1394 BK, Nederhorst den Berg T +31 (0) 294 25 66 66

About Main Capital

Main Capital is a private equity investor with an exclusive focus on the software industry in the Benelux and Germany. Within that sector focus, we are the most specialized player in management buyouts and later-stage growth capital. With an experienced team of professionals, Main Capital currently manages three Private Equity funds with approximately EUR 100 million in assets under management The current portfolio of Main Capital consists of rapidly growing (Saas)software companies as Sharewire, VisionWaves, SecondFloor, EuroSystems, Sofon, Connexys, Regas, ChainPoint, RVC and TPSC. Main Capital has realized successful exits such as cloud storage company IASO to US cloud provider GFI, technical documentation company Tedopres to stock-listed Finish company Etteplan and insurance software company Actuera to Waterland Private Equity.

For more information about Main Capital, please contact: Charly Zwemstra (Managing Partner) Main Capital Partners BV, Paleisstraat 6, 2514 JA, Den Haag Tel: +31 (0) 70 324 3433


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