Main Capital acquires majority stake in Roxit

With Main Capital as majority shareholder, Roxit will look to strengthen the presence it has developed in the local government segment for the past five years.

The software developer plans to grow via a buy-and-build strategy and will invest in areas including information exchange, stakeholder cooperation and adaptation to regulatory changes.

According to Main Capital, the transaction is the GP's most significant deal to date. The firm drew equity from both its third and fourth funds. The former typically targets €2-6.5m investments in product-software companies based in Belgium, the Netherlands, Luxembourg and Germany.

On 23 June, Main Capital fully divested its majority stake in Dutch business communication service Zetacom to Gilde Healthcare after almost eight years of ownership.

Company
Roxit was established in 2007, when René Eilander, Rob van Tiel and Rob Steneker merged ECS IT Solutions and Syncera IT Solutions. Its software suite is used by around 380 policy-makers, city planners and businesses for licensing, inspection, planning and enforcement purposes.

Headquartered in Zwolle, the Netherlands, the business also operates offices in Arnhem and Zoetermeer. Roxit works with municipalities, including Utrecht, Haarlem, Tilburg and Maastricht. The company employs a workforce of 90. Although revenues have yet to be disclosed, Main Capital's third fund seeks companies generating sales in the €3-10m region.

People
Managing partner Charly Zwemstra led the deal on behalf of Main Capital Partners. Rob Steneker and Rob van Tiel are founders of Roxit.

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• Topics
• Benelux
• Buyouts
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• Netherlands
• Main Capital