Main Capital portfolio company GoConnectIT, a software provider for the infrastructure industry, has acquired Swiss Knife, a provider of cloud-based software to the glass fibre sector.
The acquisition is GoConnectIT's second since Main Capital acquired a majority stake in a deal valuing the company at €10m in 2017. The company acquired a competitor, Geodan van den Berg, in November 2018.
Main Capital is currently deploying from its Main Capital V fund, which surpassed its target of €200m and held a final close on its hard-cap of €225m in December 2017. The fund was 13% deployed in March 2018.
The vehicle will make roughly 14 investments with an initial ticket size of €3-5m and add-ons of up to €20m. It focuses on majority buyouts and growth equity investments in DACH- and Benelux-based software companies.
When Main Cpital purchased its majority stake in GoConnectIT in 2017, the GP stated it would actively support all organic growth and acquisitions.
Headquartered in Almelo, Swiss Knife automates the exchange of information between office-based and mobile staff with software and applications. The company counts NKM, BAM, Van Gelder and VolkerWessels Telecom as customers. The combination of GoConnectIT, Geodan van den Berg and Swiss Knife creates an organisation with more than 75 employees.
Main Capital – Charly Zwemstra (CEO).
GoConnectIT – Matty van Leeuwen (CEO).
Swiss Knife – Renzo Lunenberg (CEO).
Windhoist Holdings is Star Capital's sixth acquisition from its Strategic Assets III vehicle
Both Palatine Private Equity Fund III and IV used Evercore as their placement agent
GP deploys capital from its DBAG Fund VII, which held a final close on its €1bn hard-cap in 2016
Pemberton's most recent fundraise brings the direct lender's assets under management to €5.5bn