Argos Soditic buys Future Groep in MBI

The French GP's majority-stake acquisition is its first investment in the Netherlands. Euroknights VII was the fund used by Argos Soditic for the transaction. It held a final close last month on its revised hard-cap of €520m.

The company's founder, Roelof Bijlsma, will retain a minority stake in the business, while Jeroen Ekkel has been appointed as new CEO of Future Groep.

The buyout saw Gilde Investment Management exit its investment in the company.

Rabobank provided senior debt for the transaction.

Previous funding 
Gilde, through its fund Gilde Equity Management Benelux Fund, backed IT service business Conclusion in 2013, from which Future Groep span out in 2016.

Company
Previously part of Conclusion, a business founded in 1997, Future Groep is a Dutch provider of business outsourcing services and social, HR and communication consulting for local authorities. The group generated a turnover of around €60m in 2017. The company's headquarters are in Utrecht and it employs around 700 staff. 

People
Argos Soditic – Gilles Mougenot (partner); Maarten Meijssen, Richard Reis (investment directors); Arne Louwagie (associate).  
Gilde Equity Management – Gerhard Nordemann, Remko Jager (managing partners). 
Future Groep – Roelof Bijlsma (founder); Jeroen Ekkel (CEO).

Advisers
Equity – Houthoff (legal); Sincerius (M&A); Nielen Schuman (corporate finance); PwC (financial due diligence); KC Legal (legal).
Vendor – MBCF (corporate finance); Simmons & Simmons (legal); Deloitte (financial due diligence); JSA Tax Consultancy (tax); Stek (commercial due diligence); Houthoff (financial due diligence).

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