Main Capital Partners has attracted € 85 million in a 1st and final closing of their new software sector-focused private equity fund, Main Capital IV
Investors in Main Capital IV are a number of large institutional investors and (emerging) family offices and private investors with a business background. Target size of Main Capital IV was € 75 million. Due to the great interest of existing and new investors, a closing took place on the upper limit (hard cap) of € 85 million. As a fund manager, Main Capital Partners will co-invest for at least € 4 million Main Capital IV. Fundraising has run smoothly. Shortly after the launch of Main Capital IV in May of this year, it appeared that the new fund would be overwritten. This has to do with the distinctive character of Main Capital Partners with a full focus on the software industry and by organizing various events such as the Main Software 50 (www.main50.nl) and the good track record in terms of returns to previous Main Capital funds.
The focus will be on profitable and growing software companies with substantial sales (from € 4 million) and customer base. This involves buy-out transactions and growth capital. Main Capital has become a semi-strategic investment party in the software industry in the Benelux and Germany. The objective is to invest approximately one third of the fund in Germany. This can be done through Dutch majority interests of Main Capital to make add-on acquisitions in Germany or directly through new direct investments in German software companies. Early July, Main Capital IV already took its first majority stake in software company Roxit holding. Roxit produces and sells software to Dutch municipalities and Regional Implementing Services. Roxit and Main are examining additional acquisitions in this sector. Before October 1st, Main Capital will come with a message about a new acquisition of a Dutch software group. In addition to the successful closing of Main Capital IV, Main Capital recently booked other successes with the sale of two of its portfolio companies; respectively Zetacom Group to Gilde Healthcare and BI enterprise VisionWaves to listed software group IFS.
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