Main Capital's SDB Groep buys Competence Group
Main Capital Partners-backed SDB Groep, a Netherlands-based software developer for the healthcare market, has acquired local peer Competence Group.
The acquisition is expected to strengthen SDB's position in the healthcare sector in the Netherlands and enable it to expand its activities to Belgium. The combined company has around 180 employees.
SDB Groep, previously known as SDB Ayton, is a provider of software-as-a-service for the healthcare market, focusing on HR, salary administration and personnel planning processes. It has a particular focus on the elderly and home care, day care, and disabled care markets.
Main Capital bought SDB in Q2 2018 with the intention of growing it through a buy-and-build strategy. The GP made the acquisition via its Main Capital V fund, which held a final close on €236.5m in 2017. A year ago, SDB bolted on Cormel IT, a healthcare-focused software provider. The two businesses combined employed around 100 people.
More bolt-ons are in the pipeline for 2020, a spokesperson for Main Capital told Unquote.
Company
Founded in 2002, Competence Group is a developer of e-learning content with services related to digital training for the Benelux healthcare market. The business has turnover in the €5-10m range and employs around 40 people, Unquote understands. It is headquartered in IJsselstein.
People
Main Capital Partners – Charly Zwemstra (managing partner).
The Competence Group – Toon Rijken (director, founder).
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