Main Capital's Cleversoft buys BusinessForensics

The acquisition aims to build Cleversoft's financial regulatory software offering and to expand its geographical presence. The deal was supported with additional equity from Main Capital.

The group aims to generate revenues of €16m following the bolt-on and will serve more than 300 customers, the GP said in a statement.

Main Capital is continuing to review potential add-on targets, generally focusing on EU-based companies. The GP expects to make its next add-on in the next 6-12 months. Cleversoft acquired SecondFloor in 2019.

Main Capital acquired Germany-based Cleversoft in December 2018, investing via Main Capital V, which held a final close in December 2017 on €236.5m.

Company
Founded in 2010, BusinessForensics provides software that helps companies prevent financial crime and implement risk management strategies. The company offers software services including anti-money laundering, fraud prevention and surveillance. It serves clients including banks and insurers in the Netherlands. The company is based in The Hague and has 22 employees.

People
Main Capital – Sven van Berge Henegouwen (partner).
Cleversoft – Florian Clever (founder, CEO).
BusinessForensics – Tames Rietdijk (CEO).

Advisers
Acquirer – HSA (legal); BDO (financial due diligence, tax).

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• Topics
• Expansion
• DACH
• Technology
• Build-up
• Acquisition finance
• Germany
• Netherlands
• Main Capital