Main Capital exits Zetacom to Gilde

Main Capital Partners has yet to disclose the return it has made on the sale, but press reports place it around the 4x mark.

The tertiary buyout takes place almost eight years after the firm wholly acquired Zetacom alongside the business's management, which secured a 35% stake. The transaction, financed via Main Capital's €25m second fund, saw existing backer Parcom divest the 30% shareholding it had bought one year earlier from Zetacom's managers, according to unquote" data.

The 2007 deal, intermediated by ING Corporate, was supported by a senior debt package arranged by Rabobank. Charly Zemstra, managing partner at Main, joined the company's board as part of the transaction.

Under Main Capital's tenure, Zetacom claims to have re-focused on cloud telephony systems and the healthcare sector, with recent clients including the Rotterdam Eye Hospital and the HagaZiekenhuis in The Hague.

Company
Established in 2003, Zetacom is a business communication service that specialises in the installation and maintenance of voice-over-IP and telephone systems. According to the business, its client base includes healthcare institutions in the Netherlands, with estimates pointing at 25% of Dutch hospitals having used its services to date.

Headquartered in Zoetermeer, the Netherlands, Zetacom employs a workforce of 140 professionals.

People
Main Capital Partners was represented by managing partner Charly Zwemstra. Dick Dompeling is CEO at Zetacom.

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• Unq2015July