Main Capital sells Axxerion stake in trade sale

Nemetschek's brand MCS Solutions, a technology and consulting firm, will wholly acquire Axxerion for around €75m on a cash- and debt-free basis. Axxerion claims to be highly profitable and anticipates revenues of €12m for 2018.

Nemetschek is a listed company and achieved revenues of €395.6m in 2017.

At the time of purchase, Main Capital planned to expand Axxerion's partner network and initiate a buy-and-build strategy. During the GP's two-and-a-half-year holding period, it acquired Plandatis, a real estate software company, and its customer base grew to 2,000 up from 300.

Previous funding
Main Capital bought a majority stake in the company in 2016 using their Main Capital IV fund, which closed on €85m. The fund was raised to invest in growing and profitable software companies with more than €4m in revenues.

In September 2018, Main Capital backed Axxerion to acquire Plandatis for an undisclosed amount.

Company
Based in the Netherlands, Axxerion offers facility management software to customers such as Vodafone/Ziggo, Facilicom and MVGM on a software-as-a-service model. The company has a headcount of nearly 100.

People
Axxerion – Pieter van Bodegraven (chair of the supervisory board); Hans Verschuren (commercial director, co-founder).
Nemetschek – Patrik Heider (spokesperson, chief financial and operations officer)

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• Topics
• Exits
• Benelux
• Technology
• Trade sale
• Main Capital
• Netherlands