Main Capital Partners successfully completed its fundraising for Main Capital V with a closing at EUR 236.5 million, well above the target size of EUR 200 million.
In addition to the existing funders, a number of, mainly foreign, reputable institutional parties have joined Main Capital V. The interest of fund providers was greater than Main Capital could accept.
Main Capital V will invest in majority stakes in growing software companies in the Benelux and DACH region (Germany, Austria and Switzerland). This involves growth buy-outs and leveraged buy-outs from growing, profitable software companies that are focused on further expansion through organic growth complemented with add-on acquisitions.
The first three majority investments have already been acquired with the new fund.
Last week it was announced that the workflow/business intelligence software company JobRouter, based in Mannheim in Germany, was acquired together with management. In the Netherlands, a majority stake in SaaS software group GOconnectIT was acquired through a buy-out at the end of November. Both companies will actively seek additional add-on acquisitions.
Main Capital is developing rapidly.
The previous fund, Main Capital IV, launched in 2015, had a size of EUR 85 million. Main Capital Partners is experiencing rapid development both in terms of fund size and organization. In the past years, a successful investment team and office was set up in Düsseldorf. In addition to Germany, Main Capital will look at investment opportunities in Scandinavia.
Wellknown examples of Main Capital’s significant stakes include the software supplier for municipalities and semi-governments Roxit Group and SaaS facility management software provider Axxerion. Roxit announced the acquisition of Brein last week. The number of employees of this group is now well over 250.
About Main Capital
Main Capital is a private equity investor with an exclusive focus on the software sector in the Benelux and DACH area. Within this sector, we are the most specialized company in management buyouts and later-stage growth capital. Main Capital has approximately € 375 million under management for investments in mature but growing software companies in the Benelux and DACH area. An experienced team of professionals manages these Private Equity funds.
In the current portfolio of Main Capital are rapidly growing (SaaS) software companies like JobRouter (Germany), GOconnectIT, evenia video (Germany), Verklizan, Inergy, MUIS Software, artegic (Germany), OBI4wan, Axxerion, b+m Informatik (Germany), Ymor, Roxit, Onguard, Sofon, Regas, ChainPoint, RVC, TPSC, SecondFloor and Sharewire. Main Capital also has a stake in managed hosting provider Denit. This year Main Capital sold its majority stake in Connexys to Bullhorn and its majority stake in EuroSystems to an international Private Equity player. The Mezzanine Capital group granted loans to a.o. Spotzer, Fairbanks, TravelBird, Talkwalker and Worldmeetings.
Note for the editor:
This press release is issues by Main Capital. For more information, please contact:
Charly Zwemstra (Managing Partner)
Main Capital Partners BV, Paleisstraat 6, 2514 JA, Den Haag
Tel: +31 (0) 70 324 3433 / +31 (0) 6 512 77 805