Main Capital Partners, a Dutch investment firm specializing in enterprise software, has successfully secured €300 million for its second continuation fund. The funding will aid in the expansion of its European footprint. With a focus on strategic growth, this move demonstrates Main Capital Partners’ commitment to strengthening its presence in the software investment landscape. Hamilton Lane, a seasoned player in private markets, led the investment efforts as a recurring partner.
In the history of its operations, Main Capital Partners has consistently sought partnerships with experienced entities to bolster its financial backbone. The connection with Hamilton Lane is part of an ongoing relationship that adds stability to its initiatives. This enduring partnership is a continuation of their shared interest in exploring private equity opportunities in a focused manner, a strategy that has previously led to successful outcomes.
What are Main Capital Partners’ expansion plans?
Main Capital Partners plans to utilize the newly acquired funds to further its acquisition strategy, starting with its portfolio company, xxllnc. Aimed at the public sector technology growth, xxllnc is positioned as a core component of Main Capital’s strategy. With previous expansions including 12 add-on acquisitions, the firm is now geared towards collaborating with Documaster, a Norwegian company specializing in document management.
How will Main Capital Partners’ strategy affect its investors?
The continuation fund offers investors choices. They have the opportunity to either realize liquidity or remain invested with further prospects for growth. This new chapter allows for more international acquisitions, fortifying xxllnc’s presence under Main Capital’s guidance. The intended merger with Documaster demonstrates a clear commitment to establishing a pan-European govtech entity, supporting over 1,250 public sector organizations across Europe.
“We are delighted to close this transaction with the lead investor, and long-term partner, Hamilton Lane,” stated Jorn de Ruijter, Head of Fund Structuring at Main Capital Partners.
The collaboration aims to fortify current partnerships and prepare for future growth ventures.
Hamilton Lane brings over three decades of investment expertise, aiding in the expansionary methods employed by Main Capital. They maintain a robust portfolio that aligns with Main’s growth objectives, particularly in the European markets.
“We are looking forward to working alongside Main Capital Partners on the next phase of value creation,” mentioned Keith Brittain, Co-Head of Secondary Investments at Hamilton Lane.
This initiative aligns with Hamilton Lane’s strategic interest in adding value through targeted partnerships.
Main Capital Partners stands as a principal investor in software enterprises, especially in the Benelux and broader European market. With around €6.5 billion under management, the firm actively partners with software companies and guides them towards a path of growth. This second continuation fund underlines its capability to manage substantial investment portfolios backed by a skilled team across multiple offices.
The initiative by Main Capital Partners signifies a strategic pivot towards expanding its influence across Europe. By reinforcing its collaborations with investors, it not only capitalizes on existing opportunities but also lays groundwork for future endeavors. Investors will likely benefit from the enhanced focus on govtech solutions, pivotal in building a leading Pan-European group. Insights suggest that the outcome will significantly bolster the enterprise software market’s evolution, without deviating from the company’s established path.
