Main Capital announces strategic partnership with Nextway

Main will serve as a strategic partner to Nextway’s management team, supporting the growth strategy and international expansion. Together with a selective buy-and-build strategy, Nextway has the potential to become a European leader in mission critical enterprise content management, across multiple verticals

Founded in 1986, Nextway delivers a suite of Enterprise Content Management (ECM) solutions for medium to large enterprises with a strategic focus on insurance, finance and other industries where businesses have sophisticated needs to manage high volumes of high-value content. In addition to managing content, Nextway’s platform also optimizes workflow by automating repetitive tasks. Nextway supports more than 3,000 companies across 65 countries with an international team of 63 professionals across Denmark, Germany, Switzerland, Finland, and Norway.

Attractive Market Position and International Scalability

On top of the core ECM platform, Nextway offers a growing portfolio of complementary products aimed at solving specific business challenges relating to efficient and compliant procurement, work processes and bank transaction processing. Through its strong presence within sticky verticals, the company has built a solid blue-chip customer base with customer such as Talanx, SWICA and Alm.Brand Group. With two-thirds of its revenues generated internationally, Nextway’s proven internationally scalable multi-tenant platform is well positioned for further geographical expansion. Leveraging Main Capital’s industry expertise, Nextway is poised to continue its strong organic growth, accelerated by strategic acquisitions within Europe.

Collaboration between Nextway and Main

Nextway will continue to serve its many customers within insurance, finance and other industries valuing the same virtues, under the current management – CEO Thomas Hougaard, COO Raphael Schlegel, CTO Kim Hellum, SVP Insurance Annette Weber, and SVP Finance Marcel Ritter. The former Chairman of the board – Lars Rüger – continues on the board of directors. Main will support Nextway in further expansion to new markets and verticals, while building on the strong momentum of bringing new modules and functionality to the market. In addition to joint organic growth initiatives, strategic add-on acquisitions will serve as an important pillar in the growth strategy going forward.

Thomas Enevoldsen, CEO, commented: “For us in the management team, this is a dream come through. We have appreciated the time being founder owned, but we have also identified that to secure a future with continued growth, a succession was needed. We all look forward to the collaboration with the skilled team from Main.”

Kim Hellum, Founder & CTO, commented: “As a founder of Nextway – almost 4 decades ago – I’m truly happy and proud to see my “first-born” in this new settings with Main. I’m excited to follow the new developments and feel privileged to be a part of Nextway’s future.”

Jonas Bäckman, Sr. Investment Manager at Main, concluded: “We are excited about the partnership with Nextway and committed to supporting their journey ahead. Nextway’s strong organic growth and strategic vision for international expansion in Northwestern Europe position them for continued success. We see significant opportunities for enhancing their product offerings and exploring new markets through a targeted buy-and-build approach. We look forward to driving Nextway’s market presence and facilitating their growth through this partnership.”