Main Capital's Denit acquires Dutch Cloud

Main Capital acquired a majority stake in the group in 2016, investing from its €85m fourth buyout fund Main Capital IV. The GP intended to support Denit's growth plans in the sector with add-on acquisitions, an approach Main Capital has followed with previous investments.

Denit and Dutch Cloud's merger will form a larger cloud computing services group, with a wider array of services: while Denit's customers are mainly active in the IT and software sectors, Dutch Cloud is more focused on large corporates and software-as-a-service (SaaS) companies, according to the GP.

The new entity, which will be moving into a new shared office space, will employ around 50 people. The management of both companies will stay on board.

Previous funding
In February 2016, Main Capital acquired a majority stake in Denit from the company's co-founders, Edwin Cornelissens and Dennis Bruin. The GP invested from its Main Capital IV fund, closed on €85m in 215.

Company
Founded in 1999, Denit provides managed hosting, cloud computing and infrastructure-as-a-service. Headquartered in Amsterdam, the company employs 35 staff and works with SME clients. The company's revenues were not disclosed but Main Capital's fourth fund targets assets with turnover in excess of €4m, according to unquote".

Founded in 2009 and based in Hilversum, Dutch Cloud specialises in cloud computing. The services offered by the company include cloud computing, infrastructure-as-a-service, compliance management and managed services. Clients include Dutch groups Main Energy, Boska, e-office, Euretco, Fiber Netherlands, FlexService and Development Center.

People
Main Capital – Pieter van Bodegraven (partner); Charly Zwemstra (partner).

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