Main Capital backs Sofon MBO

Equity was invested from Main Capital III, which recently held a first close at €12m and targets a total of €60m in capital commitments. Dolfin Capital, a Dutch private equity retail fund, co-invested in the deal. The Sofon management team retained a minority shareholding in the company and will remain in their current positions.

The investment is intended to support Sofon's expansion in Germany and the US. The company will launch a cloud-based service later this year as part of that strategy.

Debt
Debt was provided by ING.

Company
Sofon develops configuration, pricing and quoting (CPQ) software, which allows organisations to improve their sales process through the generation of quotations, orders and contracts. Founded in 1998, the company is based in Eindhoven, Netherlands.

People
Managing partner Charly Zwemstra and senior investment manager Pieter van Bodegraven worked on the deal for Main Capital. Otto van der Tang is managing director of Sofon.

Advisers
Equity - Haagstate Advocaten (Legal).

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