The transaction was fully capitalized by a group of new and existing limited partners, co-led by Lexington Partners and StepStone Group, with Trinity River Holdings, LP serving as sub-lead. The fundraise experienced significant demand from globally recognized leaders in secondary transactions.
The continuation fund was established to (partially) acquire a diversified group of three strong-performing portfolio companies across several Main Capital Partners funds. The assets in the fund include SDB, a leading Dutch healthcare software provider, MACH, a German GovTech powerhouse, and Björn Lundén, a prominent Sweden-based financial administration software company with activities throughout Europe. Main Capital Partners aims to continue growing these star assets into European leaders in their respective domains, both organically and through active buy-and-build strategies.
This transaction has provided existing investors with optionality, offering either liquidity or the opportunity to continue investing in the growth trajectories of the three high-performing companies involved. Additionally, the fund provides the portfolio companies with additional time and capital to pursue further value-accretive buy-and-build strategies under the continued stewardship of Main Capital Partners.
This transaction aligns perfectly with our strategy to build large and resilient software groups. We are fully dedicated to continue building large and international software groups in our core product markets HealthTech, GovTech and Financial Administrative software.”
Charly Zwemstra, Managing Partner and CIO at Main Capital Partners: “For over 20 years, Main Capital Partners has proven itself a leader in enterprise software investing. This transaction aligns perfectly with our strategy to build large and resilient software groups. We are proud of what we have achieved in partnering with these companies and their management teams so far. We are fully dedicated to continue building large and international software groups in our core product markets HealthTech, GovTech and Financial Administrative software.”
Jorn de Ruijter, Head of Fund Structuring and Investor Relations at Main Capital Partners: “This transaction has provided our investors with optionality to take liquidity at a market-driven price or continue to stay invested and profit from future upside, while allowing the portfolio companies the opportunity to continue pursuing their growth ambitions, a great result for all parties involved. We look forward to partnering with Lexington Partners, StepStone Group and Trinity River Holdings, LP on this new fund and continuing to support our portfolio companies for the years to come.”
Proskauer Rose LLP acted as lead legal counsel and Main did not use a placement agent for the fundraising.
Nothing contained in this Press Release is intended to project, predict, guarantee, or forecast the future performance of any investment. This Press Release is for information purposes only and is not investment advice or an offer to buy or sell any securities or to invest in any funds or other investment vehicles managed by Main Capital Partners or any other person.
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