Main Capital's GoConnectIT bolts on Geodan van den Berg

Financial details remain undisclosed.

Main Capital acquired a majority stake in GoConnectIT in late 2017. The trade news source Computable valued the deal at €10m at the time.

The GP invested from Main Capital V – the fund is substantially larger than its predecessor, Main Capital IV, which held a final close on its €85m hard-cap in September 2015. Like its predecessor, Main Capital V makes investments in DACH and Benelux-based small to medium-sized software companies.

The GP stated at the time of the deal that it would actively support GoConnectIT's organic growth, and acquisitions in Benelux and the UK. Unquote understands that Main Capital provided further equity to finance this first bolt-on, with another add-on already in the works.

Founded in 2001 and headquartered in Nieuwegein, GoConnectIT provides software and services for the cable and pipeline industry. The company supports both the technical and the legal and financial side of cables and pipeline networks for large infrastructure projects.

Company
Founded in 2009, Geodan van den Berg provides IT services to cable and pipeline operators, with a more specific focus on network operators as opposed to excavators. It markets its Wion system to a number of municipalities, provinces, water boards and energy companies.

People
GoConnectIT – Edwin van Rooijen (director).
Main Capital – Charly Zwemstra (managing partner).

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• Topics
• Expansion
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