PE-backed Cohedron bolts-on two Dutch companies

The GP acquired Cohedron, formerly known as Future Groep, in 2017 from Gilde Investment Management. It deployed equity from its Euroknights VII fund, which held a final close in 2017 on €520m.

Under Argos Wityu's ownership, the company has pursued an active buy-and-build strategy, completing seven add-ons so far. 

With the latest deals, Cohedron strengthens its position in the field of social medical consulting and adds an expertise in budget and organisational management for the municipalities' social responsibilities. The company also increases its predictive capacity in the field of care by providing data analyses, machine learning and dashboards.

Cohedron currently generates more than €100m in revenues, up from €60m in 2017 when the GP acquired it. It employs more than 1,500 people.

Company
Founded in 2007 and based in Zeist, Argonaut Advies is a social medical consultancy firm. It is geared towards local authorities and the private sector, and specialises in laws and regulations in the areas of income, employment, integration, welfare and participation. 

Founded in 2005 and based in Sittard, Zorg-Lokaal is a care services administrator and provides municipalities and regions with relevant data for managing information to enable them to have a better grip on the responsible deployment of their social care budget.

People
Argos Wityu – Maarten Meijssen (partner); Roel Van Ark (investment manager).
Social Value Holdings – Johan van Triest (director).

Advisers
Company – Bolt Advocaten (legal); Quore Capital (M&A); Boncode (IT due diligence); Deloitte (tax). 

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• Topics
• Portfolio management
• Benelux
• Argos Wityu
• Netherlands
• Buy-and-build
• Build-up
• Deloitte