Holland Capital invests in Cards PLM Solutions

The buyout sees the GP acquire a majority stake in the company.

The sale process was initiated by Cards PLM Solutions and was led by corporate finance firm FactorGo. The first contact between the GP and Cards PLM took place in Q2 2020.

According to a statement, Cards PLM aims to expand its presence in the DACH and Benelux regions, including via add-on acquisitions. The company also sees synergies and cooperation opportunities with Holland Capital's existing portfolio companies, according to the same statement.

Holland Capital is deploying equity via Holland Capital IV, which held a final close in February 2020 on €120m, according to a contemporary statement from the GP. The fund makes both growth and buyout investments, focusing on Netherlands-based technology and healthcare SMEs. Holland Capital generally makes investments in businesses with capital needs of €250,000-10m, according to its website.

Company
Founded in 1999, Cards PLM provides digitalisation and project lifecycle management consultancy services for businesses in the manufacturing industry. In addition to consultancy, the firm offers software and 3D printing services. Cards PLM is also a reseller and business partner of Siemens Digital Industries Software, according to a statement. The company's core clients are businesses operating in the areas of high-tech supply, industrial machine construction and medical devices. Cards PLM is headquartered in Best and employs fewer than 50 staff, according to LinkedIn.

People
Cards PLM Solutions – Erik Burghoorn (CEO).
Holland Capital – Rutger Mulder (investment manager); Ewout Prins (managing partner).

Advisers
Equity – HSA (legal); JSA (tax).
Vendor – FactorGo (M&A).

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• Buyouts
• Benelux
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• Netherlands