Mountain Cleantech rebrands as Jadeberg, invests €6m in MCS

Jadeberg sourced the deal via its network. Founding partner Jürgen Habichler had known the managing team for a long time and eventually decided to invest last year. The process took around four months to complete.

Investing from its second fund, which held a final close on €43m in June 2014, the growth capital investor teamed up with family office PE Group. Jadeberg stated it prefers to seek local co-investors when investing outside of the DACH region. The investor is currently in the pre-marketing phase for its third fund.

Jadeberg plans to facilitate MCS's expansion throughout Germany and also the US.

Company
Founded in 1989 and headquartered in Antwerp, MCS develops software products designed to coordinate and optimise energy efficiencies in buildings. Its products cover real estate, property portfolio management, lease administration, space and facility management, maintenance management. MCS stated it operates in 60 countries, providing its service for public service buildings, government buildings, banks, commerce and industry buildings. Its last reported annual turnover was €15m.

People
Jadeberg Partners – Jürgen Habichler (partner).
PE Group – Stefan Yee (founder and CEO).
MCS – Koen Matthijs (CEO).

Advisers
Equity – Cresco (legal); VMB (financial due diligence).

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• Topics
• Expansion
• Benelux
• Technology
• DACH
• Belgium
• Switzerland