Main Capital exits Axxerion

Main Capital Partners said Jan. 21 that it sold its majority stake in Axxerion to Nemetschek Group. Financial terms weren’t announced. Axxerion provides software for facility and property management.

PRESS RELEASE
Main Capital Partners is pleased to announce the 100% sale of its majority stake in Axxerion to publicly listed, Munich-based Nemetschek Group [ticker: XETRA NEM.DE], global leader in Open Building Information Management (BIM) and Construction software.
Axxerion is the leading European SaaS-based software company active in Facility Management and Property & Real Estate Management. With an organization of nearly 100 people, Axxerion delivers truly multi-tenant software, with an extensive range of functionalities, to around 2,000 international customers, across many industry sectors. Key customers include Vodafone/Ziggo, Facilicom, Q-Park, Nutricia, MVGM (the largest property manager in Benelux), two of the Big 4 auditing firms and CBRE.
Main Capital invested in Axxerion in 2016 with a focus on accelerating the international partner channel in countries like the Germany, Belgium and USA. Next to that, the strategy was focused on broadening the product-suite towards the Real Estate segment and pursuing acquisitions in adjacent segments.
As part of this strategy, in September 2018 Axxerion acquired Plandatis, a leading player in Real estate software focussed on technical information- & maintenance management, risk & compliance solutions and Energy labelling certifications. The customer base of Plandatis consists of construction- & installation companies, housing corporations and (semi-) governmental institutions.
Pieter van Bodegraven (Chairman Supervisory board Axxerion): “In our view, Facility Management- and Real Estate Management increasingly move closer together. The acquisition of Plandatis perfectly fits into this trend and we are proud as Main Capital to have been instrumental in this process. Also, Nemetschek has a strategy in bringing together and further digitizing Architecture-, Engineering- and Construction markets. Therefore, we believe this is a very strategic and logical step for Nemetschek and Axxerion.”
Hans Verschuren, Commercial Director/co-founder of Axxerion: “Over the past 2 years, we have come to know Main as a driven investor, not just investing from the sidelines, but intensively contributing to the growth possibilities of an innovative solution like Axxerion, both autonomously as well as through acquisitions.”
Patrik Heider (Spokesman and Chief Financial and Operations Officer Nemetschek): ‘’We are very pleased with this strategic step. Going forward Axxerion will be part of our MCS’ entity and strengthen the SaaS offering in our building management segment. Additionally, we will expand our positioning in the fast-growing building management software market.”
About Axxerion
Axxerion is one of the major players in the field of cloud-based software for facility and property management. Axxerion’s products are used in facility management-, asset- and maintenance management, property management-, and contract management processes. Axxerion recently acquired Plandatis, a leading player in real estate software for technical information & maintenance management, risk & compliance solutions, and energy-labeling certifications. The Plandatis product
portfolio considerably expands Axxerion’s offering in property- and facility management information systems.
About Nemetschek
The Nemetschek Group is driving digitalization in the building sector. Our software helps architects, engineers, construction companies and building managers plan more proactively, exchange information securely and seamlessly, and collaborate more closely. This means that building and infrastructure projects can be executed more efficiently and sustainably. Thanks to the unique holding structure of the Nemetschek Group, its 16 strong brands can act as entrepreneurs close to the market, drive innovation and work closely with their 4 million customers worldwide. Founded by Prof. Georg Nemetschek in 1963, the Nemetschek Group today employs more than 2,500 experts. Listed on the stock market and noted in the MDAX and TecDAX, in 2017 the company achieved revenues of 395.6 million euros and an EBITDA of 108.0 million euros.
About Main Capital
Main Capital is a strategic investor with an exclusive focus on the software sector in the Benelux, DACH and Nordics regions. Main Capital has a long-term investment horizon centered around successful partnerships with management teams, with the goal to, jointly, build larger software groups. Within the software sector, Main is the most specialized company in management buyouts and later-stage growth capital. Main Capital has approximately € 400 million in assets under management for investments inmature and growing software companies. The investments are managed by an experienced team of investment professionals, located in offices in The Hague and Düsseldorf.
The current portfolio of Main Capital includes rapidly growing software- and SaaS software companies like Cleversoft (Germany), Enovation, SDB Ayton, Jobrouter (Germany), GOconnectIT, Verklizan, Inergy, MUIS Software, Artegic (Germany), OBI4wan, Axxerion, b+m Informatik (Germany), Ymor, Roxit, OnGuard, ChainPoint, RVC, and TPSC. Moreover, Main Capital also holds a majority stake in multi-cloud hosting provider Denit. Main Capital has realized many successful trade sales such as recently Regas, Connexys and ABIT / EuroSystems.

Source: https://www.pehub.com/2019/01/main-capital-exits-axxerion/

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