
Main buys majority stake in Ymor
Software-focused GP Main Capital has acquired a majority stake in Ymor, an application performance management (APM) service headquartered in the Netherlands.
The investment made by Main Capital remains confidential, but the GP, which prioritises Benelux- and Germany-headquartered software companies, deployed an average €5-10m per deal with earlier funds.
Ymor will look to increase its existing partnerships and reselling agreements. Plans have been laid down for the company to expand internationally and perform add-ons.
The business expects continued growth as the rise in cloud-based technologies and IT team outsourcing increases the pressure on those managing IT chains. According to its statistics, the aforementioned factors have recently led to an annual 16% growth within the APM segment.
Main's buyout is the first to be reported by unquote" after the summer; prior to Ymor's, the latest purchase involved Dutch licensing software developer Roxit, bought via the firm's third and fourth fund in June.
The deal follows the €85m final close for Main's fourth fund. Announced in early September, the figure exceeded the €75m target set for the vehicle when it was launched in May.
Company
Founded in 2003, Ymor provides APM services to clients such as Ziggo, KPN, Eneco, the Port of Rotterdam and Dutch Railways. The business runs stress tests, performance measurements and troubleshooting for its clients' applications.
Headquartered in Utrecht, Ymor employs more than 80 professionals. Although revenues for the company remain undisclosed, Main Capital seeks assets generating sales in the €4-15m region.
People
Main Capital's work on the deal was coordinated by partners Pieter van Bodegraven and Charly Zwemstra. Martin van den Verge is currently CEO at Ymor.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater