Gilde Equity Management explores Avinty exit advised by Arma

The asset, which Gilde Equity Management acquired in 2016, generates annual EBITDA in the region of EUR 15m, the first source and a third source familiar said.

The sellside advisor is preparing the company for market and will launch a formal auction in 1H22, the first source said. Information memoranda will be distributed to prospective buyers and lenders towards the end of 2Q22, the second source added.

Corilus, the Belgian software provider that Gilde Buy Out Partners (now Rivean Capital) acquired from AAC in 2019, is a peer to Avinty, the third source noted. Arma advised AAC on its exit from Corilus, as reported by Mergermarket. Rivean Capital and Gilde Equity Management are affiliates, with the latter buyout group tending to pursue smaller ticket sizes than the former, the third source pointed out.

In October 2019, Avinty acquired e-mental health platform Karify.
Avinty is a group of software companies, including Impulse Info Systems, NederCare and VIR e-Care Solutions, which collectively support more than 60,000 healthcare professionals.

Arma Partners declined to comment. Gilde Equity Management did not respond to a request for comment.

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