M&A Deal Summary

Legrand Acquires Enovation

On April 23, 2024, Legrand acquired information technology company Enovation from Main Capital Partners

Acquisition Highlights
  • This is Legrand’s 2nd transaction in the Information Technology sector.
  • This is Legrand’s 2nd transaction in the Netherlands.

M&A Deal Summary

Date 2024-04-23
Target Enovation
Sector Information Technology
Buyer(s) Legrand
Sellers(s) Main Capital Partners
Deal Type Add-on Acquisition

Target

Enovation

Capelle aan den IJssel, Netherlands
Enovation provides healthcare software in the market for connected health and assisted living. Specializing in B-to-B, Enovation's offerings include software for remote monitoring of elderly and dependent persons using connected objects, sharing health information and data, and coordinating care between facilities, providers, and professionals. Enovation was founded in 1983 and is based in Capelle aan den IJssel, The Netherlands.

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Buyer(S) 1

Buyer

Legrand

Limoges, France

Category Company
Founded 1865
Sector Electrical Equipment
Employees38,970
Revenue 8.6B EUR (2024)
DESCRIPTION

Legrand manufactures products and systems for low-voltage electrical installations and data networks used in residential, commercial, and industrial buildings. The company operates primarily in France, Italy, the Rest of Europe, the United States, and Canada. Legrand was founded in 1865 and is based in Limoges, France.


DEAL STATS #
Overall 49 of 55
Sector: Information Technology M&A 2 of 3
Type: Add-on Acquisition M&A Deals 47 of 53
Country: Netherlands M&A 2 of 2
Year: 2024 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-23 NetRack

Bangalore, India

NetRack provides server and network rack manufacturing. NetRack was founded in 2002 and is based in Bangalore, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-11 Davenham

Dublin, Ireland

Davenham provides low-voltage power distribution systems (protection, switching, metering and energy distribution) for datacenters, including hyperscalers. Its business also includes product commissioning and aftermarket services. Davenham was formed in 1982 and is headquartered in Dublin, Ireland.

Buy -

Seller(S) 1

SELLER

Main Capital Partners

The Hague, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 6.0B EUR
Size Mega
Type Sector Focused
DESCRIPTION

Main Capital Partners is a private equity firm focused on investing in and acquiring enterprise software companies in the Benelux, DACH, Nordics, and the US. Within software, the Firm looks for businesses with scalable business models, recurring revenues, and IP ownership. Main Capital will consider later stage growth capital financings, as well as small to medium-sized buyouts. The Firm's target revenue range is €3 to €100 million. Main Capital Partners was formed in 2003 and is based in The Hague, the Netherlands.


DEAL STATS #
Overall 31 of 35
Sector: Information Technology M&A 6 of 7
Type: Add-on Acquisition M&A Deals 22 of 25
Country: Netherlands M&A 24 of 26
Year: 2024 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-31 Millum

Fornebu, Norway

Millum is a developer of procurement technology and solutions. The company’s SaaS-based “Procure-to-Pay” platform caters to hotels, restaurants and canteens, streamlining processes, simplifying the flow of information and enhancing trade efficiency. Millum was formed in 2002 and is based in Fornebu, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-15 Optimizers

Nijkerk, Netherlands

Optimizers is a provider of software solutions, specialized in trade- and production logistics to optimize a customer’s logistic processes. Optimizers is the developer of App4Sales, a b2b trade suite for sales representatives, warp speed WMS, a next-generation warehouse management system, and App2track, a transport management system enabling efficient transport and planning, and route optimization. Optimizers was founded in 2006 and is based in Nijkerk, Netherlands.

Sell -