Main Capital acquires RVC
Main Capital Partners has bought a majority stake in RVC, a Dutch provider of medical imaging software, in a management buyout valued at €5-10m.
The firm acquired its stake via its Main Capital III fund, which held its final close in October last year and focuses on Netherlands-based software companies.
RVC CEO Joost van Geijn invested in the company alongside Main Capital. The company's founder, Ronald Ruijs, will remain involved in the technical aspect of the business.
Following the MBO, the company plans on procuring more customers in the Netherlands, as half of hospitals in the country still lack a software system comparable to RVC's offering, according to the company.
The company will also focus research and development efforts on radiology image viewing.
Main Capital III had already made three investments prior to the buyout of RVC. In April last year, the fund acquired a majority stake in Rotterdam-based software company Connexys. This was followed by the acquisition of Regas, a provider of software-as-a-service for the mental health and wellbeing industry. Then, in December, Main Capital III acquired supply chain software company Chainfood.
Company
Founded in 1991 and based in Baarn, RVC has developed its Clinical Assistant software product. The software provides image management and workflow support solutions for hospitals in the Netherlands.
The company claims to command a 50% share of the medical imaging software market in the Netherlands. Clients include Dutch hospitals, clinics and university medical centres.
RVC also claims to have experienced an annual growth rate of 20% in the past few years, and expects this trend to continue.
People
Joost van Geijn is the CEO of RVC. Charly Zwemstra is a managing partner at Main Capital.
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