Main Capital backs OnGuard MBO

The firm invested via its Main Capital III fund, which typically invests €2–6.5m in companies that generate €3–10m in revenues.

Main Mezzanine Capital, the mezzanine arm of Main Capital, has provided OnGuard with a mezzanine loan as part of the transaction.

Main Capital's mezzanine division was set up last year and is funded by the firm as well as family offices and high-net-worth individuals. Main Mezzanine provides loans to companies with more than 25 employees and turnover of €4m or more.

Under Main Capital's ownership, OnGuard will target further international expansion through both direct sales and partnerships. The company currently has a partnership network across Italy, France, Denmark, Spain and Brazil.

Company
Founded in 1993, OnGuard is headquartered in Nederhorst den Berg in the Netherlands with additional offices located in Sydney in Australia; La Chapelle sur Erdre in France; Turin in Italy; London in the UK; and Brooklyn in the US.

The company develops credit management software, designed to allow the integration of cash allocation and credit management. It claims to have 850 customers and 12,000 users across 42 countries. Clients include Cargill, Wolters Kluwer and BMW Financial Services.

OnGuard employs 90 staff.

People
David Taylor is the founder and CEO of OnGuard. Charly Zwemstra is a managing partner at Main Capital.

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