Main Capital buys majority stake in Paragin

CEO Jeroen Bakker and chief technology officer Peter de Blieck will remain in their management positions and will invest in the company alongside Main Capital.

Following the acquisition, Main Capital intends to pursue a buy-and-build strategy in the education software market, the GP said in a statement.

The GP is currently deploying equity via Main Capital VI, which held a final close in May 2020 on €564m. The GP focuses exclusively on the acquisition of software companies in the DACH, Benelux and Nordic regions. The fund writes equity cheques of €3-5m, with up to €20m available for add-ons.

Company
Founded in 2000 and based in Nijkerk, Paragin is a software platform for education and government organisations, providing software for the management of online exams and tests, as well as to manage training and career development. The business has 25 employees and 140 customers, according to a statement. Its customers include universities, and vocational training and examination providers, as well as municipalities and public federations. Paragin's core software products are RemindoToets, MijnPortfolio and RemindoEVC.

People
Main Capital Partners – Sjoerd Aarts (senior investment manager).
Paragin – Jeroen Bakker (CEO); Peter de Blieck (chief technology officer).

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