
Main Capital-backed SDB Ayton bolts on Cormel IT
Main Capital Partners’ SDB Ayton, an HR, planning, and payroll software company, has acquired Netherlands-based Cormel IT, a healthcare-focused software provider.
The acquisition enables SDB Ayton to broaden its product portfolio and move closer to the primary healthcare processes. The two businesses combined will employ around 100 people.
Main bought SDB Ayton in May this year with the intention to grow through a buy-and-build strategy. The GP made the acquisition via its latest vehicle, Main Capital V, which held a final close on €236.5m in 2017.
SDB Ayton provides SaaS solutions to automate HR, salary administration, and personnel planning processes for the Dutch healthcare market. The business was founded in 1976 and is headquartered in The Hague.
Company
Founded in 1998 and based in Born, Cormel IT provides Electronic Health Record (EHR) software products with integrated planning and scheduling functionalities.
Cormel IT's portals allow healthcare professionals, clients, patients and other caregivers to access their agenda, messages and personal healthcare plans. The software of Cormel is exclusively used by customers working in nursing and care homes, institutions caring for disabled people and home caretaking.
People
Main Capital - Charly Zwemstra (managing partner).
SDB Ayton - Vincent van Staalduinen (customer success director).
Cormel IT - Steven Vints (product manager).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds