BB Capital buys majority stake in Infradax
BB Capital has bought a majority stake in Netherlands-based IT service Infradax.
Infradax managing director Tjeerd van't Veld and the company's management team will have a minority stake in the business.
The GP aims to support Infradax with its expansion in the Netherlands and Europe.
The deal follows the GP's acquisition of a majority stake in skin care clinic chain Cosmetique Totale in May 2020.
BB Capital makes fund investments and direct investments via deal-by-deal funds. The GP focuses on Dutch SMEs with EBITDA of at least €2m, investing €2-5m, although the firm can deploy larger tickets with co-investors. The GP has also raised €22m for its fund-of-funds strategy so far, according to its website.
Company
Founded in 2002 and based in Amersfoort, Infradax assists companies with the maintenance of their IT systems, aiming to reduce the costs of replacing hardware for data centres and IT infrastructure. The company also assists SMEs and large corporates with installation and training for hardware and software.
According to a report from Het Financieele Dagblad, Infradax reported 2019 turnover of €13m and expects to increase this to €15m for 2020, and €40m in three years' time, via organic growth and acquisitions. The company's current EBITDA margin is 10%, according to the same report. It employs 35 people.
People
BB Capital – Susan van Koeveringe (CEO).
Infradax – Tjeerd van't Veld (managing partner).
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