Main Capital Partners said Jan. 11 that it sold its majority stake in Regas to BID Equity. Financial terms weren’t announced. Regas, of the Netherlandsa, provides SaaS-based social care software.
Main Capital Partners is pleased to announce the sale of its majority stake in Regas to German based BID Equity. The management of Regas will continue its growth path with Bid Equity. The transaction was closed end of 2017.
Regas is the market leading provider in SaaS-based social care software in the Benelux and DACH regions. Regas offers a comprehensive set of software solutions for patient- and health professional monitoring dedicated to amongst others the social services-, youth care- and mental care industry. Its solutions are currently used by more than 600 customers across the Netherlands, Belgium, Luxembourg, Germany, Austria and Switzerland.
During the investment period, Main Capital supported Regas’ international growth strategy that was predominantly based on autonomous growth as well as growth by doing selective buy-and-build acquisitions. With this strategy, the company was able to enter the DACH market and acquire Daarwin, a German-based market-leader in youth and mental care, in 2015. During the investment period of Main Capital, the company showed a healthy growth in number of employees, revenues and profits in the Benelux and Germany.
This is the third exit for Main Capital in 2017 after the realised exits of Connexys and Abit/EuroSystems.
Charly Zwemstra (Managing Partner of Main Capital):
“During our investment, Regas has successfully internationalized the company and simultaneously expanded its product offering to adjacent market segments. Together with the ambitious management, the jointly formulated strategy was successfully executed, resulting in a growing international SaaS company’’.
Nick Haasnoot (CEO Regas):
“In the past 4 years, Main Capital and Regas worked closely together to realize the company’s targets faster. With our combined knowledge, experience and network, we were able to take the next step and internationalize the company. We highly appreciated the collaboration with Main Capital and are now looking forward to work with the BID Equity team.”
About Main Capital
Main Capital is a private equity investor with an exclusive focus on the software sector in the Benelux and Germany. Within this sector, we are the most specialized company in management buyouts and later-stage growth capital. Main Capital has approximately € 375 million under management for investments in mature but growing software companies mainly located in the Netherlands and Germany. An experienced team of around 20 investment professionals manages these Private Equity funds.
In the current portfolio of Main Capital are rapidly growing (SaaS) software companies like GOconnectIT, Jobrouter (Germany), Verklizan, Inergy, MUIS Software, artegic (Germany), OBI4wan, Axxerion, b+m Informatik (Germany), Ymor, Roxit, Onguard, Sofon, ChainPoint, RVC, TPSC, SecondFloor and Sharewire. Main Capital also has a stake in managed hosting provider Denit. In
addition to the current exit of Regas, 2017 was also the year that Main Capital sold its majority stake in Connexys to Bullhorn and its majority stake in EuroSystems to an international Private Equity player. The Mezzanine Capital group granted loans to a.o. Spotzer, Fairbanks, TravelBird, Talkwalker and Worldmeetings.