Jadeberg sells MCS to trade

The sale generated a gross IRR of 33% for Jadeberg over its holding period of two-and-a-half years. The enterprise value was not disclosed but was reported to be around €50m by local press.

It is the second realisation from Mountain Cleantech II, a €43m fund that held a final close in June 2014 and is almost fully deployed across nine investments in the DACH and Benelux regions.

The firm considered launching a new fund in 2016 but has instead opted to re-invest the proceeds of its second fund on a deal-by-deal basis.

Previous funding
Jadeberg led a €6m funding round for MCS in February 2016. An unnamed family office also took part in the financing.

Company
Founded in 1989 and headquartered in Antwerp, MCS Solutions provides integrated and modular workplace management systems that cover core functional areas in real estate, facility and workplace management. The business employs 200 people and anticipates revenue of around €15m for 2018.

People
Jadeberg Partners – Jürgen Habichler (partner).
MCS Solutions – Koen Matthijs (CEO).

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