M&A Deal Summary

Main Capital Partners Acquires Timegrip

On November 2, 2022, private equity firm Main Capital Partners acquired software company Timegrip

Acquisition Highlights
  • This is Main Capital Partners’ 31st transaction in the Software sector.
  • This is Main Capital Partners’ 1st transaction in Denmark.

M&A Deal Summary

Date 2022-11-02
Target Timegrip
Sector Software
Buyer(s) Main Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Timegrip

Aalborg, Denmark
Timegrip offers intelligent workforce management solutions making it easy to plan shifts, track working hours, perform controlling and manage HR processes. Timegrip was founded in 1990 and is based in Aalborg, Denmark.

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Buyer(S) 1

Buyer

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 55 of 69
Sector: Software M&A 31 of 38
Type: Buyout (LBO, MBO, MBI) M&A Deals 34 of 44
Country: Denmark M&A 1 of 3
Year: 2022 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Avinty

Oldenzaal, Netherlands

Avinty is a provider of software solutions for healthcare institutions and healthcare professionals that brings together innovative healthcare software providers Karify, Jouw Omgeving, Impulse, VIR e-care solutions, NederCare and AppNormal. Through an innovation-oriented strategy, the company has expanded its product portfolio in recent years to include a broader, vertical EHR offering, complemented by eHealth solutions and mobile health apps. Avinty was founded in 1994 and is based in Oldenzaal, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-14 elaine

Bonn, Germany

elaine provides marketing automation SaaS solutions, which allows customers to develop and automate highly complex, real-time digital marketing campaigns. elaine was founded in 1994 and is based in Bonn, Germany.

Sell -