Findos-backed Abit acuires Eurosystems

Alice Tchernookova
11 July 2016

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German software company Abit, backed by Findos Investor, has acquired Main Capital-backed Eurosystems.

The transaction is in line with the GP's growth strategy for the group, targeting special accounts departments of financial institutions and outsourced debtor management companies.

Main Capital had acquired a majority in the Dutch group via the Main Capital II fund in 2011, a deal in which Dutch firm Dolfin Capital had acted as minority investor alongside Main.

All shareholders will continue supporting the growth strategy of the newly formed group, and Findos will take a majority stake. On top of enlarging the company's size, the acquisition should help both Eurosytems and Abit extend their range of services and international reach.

The existing management team will remain responsible for activities in their respective domestic markets. Cross-company activities will be supervised by Christian van Laak (CEO at Abit) and Erik Koch (CFO at EuroSystems) via the holding company.

Previous funding
Findos acquired ABIT in 2010 from the GFKL group.

In July 2011, Main Capital backed the management buyout of EuroSystems. Dolfin Capital co-invested alongside Main Capital Partners, which injected €10m for a majority stake as part of the transaction.

Company
Abit is a German software and consulting firm specialising in credit, debtor and debt management, servicing 700 customers in various industries. The company is based in Meerbusch, counts 200 employees and was founded in 1986.

EuroSystems is a developer of credit management software. Headquartered in Nieuwegein, the Netherlands, the firm's software suite covers administrative and supporting needs for companies active in credit management, debt collection and the bailiff sector.

People
Main Capital – Charly Zwesmtra (managing partner).