Main Capital sells Ymor to Sentia Group
Main Capital Partners has sold its stake in Netherlands-based Ymor, an application performance management (APM) service, to cloud services specialist Sentia Group.
An auction was put in place for the sale of Ymor. The business was valued at €25-50m, Unquote understands.
Main Capital acquired a majority stake in Ymor in 2015. That buyout was leveraged at 50%, with the debt arranged by Rabobank, Unquote previously reported. The GP typically deployed equity tickets of €5-10m per deal at the time.
Two years after the buyout, Ymor acquired Danish software analytics company Avenida. At the time of the transaction, the combined group was said to generate revenues of €20m and together employed 110 people, servicing around 200 clients. To fund the acquisition, Main Capital drew equity from its Main Capital III fund, which closed on €60m in June 2014.
Company
Founded in 2003, Ymor offers APM services and IT operations analytics to large corporate customers. Headquartered in Utrecht, the business also has offices in Copenhagen. Ymor generates a turnover of more than €20m, Unquote understands.
The business has a workforce of 100 and it serves around 250 enterprise customers.
People
Ymor – Iman Alipour (managing director).
Main Capital – Pieter van Bodegraven (partner).
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