Newion acquires stake in Reasult

The GP is believed to have bought the Reasult shares held by co-founding partner and managing director Ad de Vries and managing director Bert Spronk, who are both relinquishing their stakes in the company.

Newion's third fund, Newion II, was launched in April 2011 with a €50m target. It focuses on business technology and software companies in Benelux and invests between €500,000–5m per funding round.

The cornerstone investor of the fund is the European Investment Fund, which invested via the EU's ‘Competitiveness and Innovation Framework Programme'. Other investors include Van Lanschot Participaties, a Netherlands-based holding company for private bank F. van Lanschot Bankiers NV, as well as endowments and family offices.

Company
Reasult is a Netherlands-based company that provides financial software and management information systems for businesses involved in real estate. The software is used by more than 60 companies.

People
Management team members Pieter den Boer, co-founding partner, Jean Paul Vossers, projects and services manager, and Aart Zandbergen, managing director, will remain shareholders of Reasult.

Jaap van Barneveld is a managing partner at Newion alongside Patrick Polak, both of whom lead the Newion II fund.

Advisers
Company - Finch Corporate Strategy, Wim Heijting (Corporate finance); AKD, Nathalie van Woerkom (Legal).

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• Topics
• Expansion
• Benelux
• Technology
• Netherlands