Levine Leichtman backs SIPM MBO

Harriet Matthews
05 May 2020

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Levine Leichtman Capital Partners has acquired SIPM alongside the company's management team and founding partners as part of an MBO from venture capital investor Fin.Co.

Lincoln International was mandated by Fin.Co to begin the sale process in January 2020.

Fin.Co bought a majority stake in the company in May 2017.

Levine Leichtman is currently deploying from funds including Levine Leichtman Capital Partners VI, which held a final close in 2018 on $2.5bn.

Company
SIPM provides online training for businesses in the areas of procurement, supply chains and sales, offering tailored programmes for employees. Its client base includes clients in areas such as financial services and telecommunications, including Oerlikon, Siemens, Sanofi and Takeda, according to its website.

Based in Hasselt, Belgium, SIPM was founded in 2011 and has 53 employees, according to LinkedIn. It reported 2018 EBITDA of €5m.

People
Levine Leichtman Capital Partners – Wouter Snoeijers (managing director).
SIPM – David Rajakovich (managing director operations); Thomas Schmitt (managing director sales); Raf Verheyden, Peter Leyten (co-founders).

Advisers
Equity – KPMG (commercial due diligence), NautaDutilh (legal); Deloitte (financial due diligence, tax).
Vendor – Lincoln International (M&A); Stibbe (legal); PwC (financial due diligence, tax).