M&A Deal Summary

Rivean Capital and PSG Acquire Corilus

On May 11, 2020, private equity firm Rivean Capital and growth capital firm PSG acquired information technology company Corilus from AAC Capital Partners

Acquisition Highlights
  • This is Rivean Capital’s 2nd and PSG’s 9th transaction in the Information Technology sector.
  • This is Rivean Capital’s 5th and PSG’s 1st transaction in Belgium.

M&A Deal Summary
Date 2020-05-11
Target Corilus
Sector Information Technology
Buyer(s) Rivean Capital
PSG
Sellers(s) AAC Capital Partners
Deal Type Secondary Buyout

Target

Corilus

Gent, Belgium
Corilus provides integrated healthcare software and IT solutions for various medical and paramedical professionals including general practitioners, dentists, elderly homes, physiotherapists, nurses, pharmacies, etc. Coriluss software solutions aim to facilitate increased efficiency in the day-to-day administrative and clinical operations and collaboration across stakeholders (e.g. caretakers, hospitals). Corilus is based in Gent, Belgium.

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Buyer(S) 2

Buyer

Rivean Capital

Amsterdam, Netherlands

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1982
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Gilde Buy Out Partners (GBO) is unit of Gilde Investment Management, a Dutch private equity group. Gilde Buy Out Partners (GBO) targets investments in larger businesses valued from €75 and €600 million with at least €8 million in cash flow. Broad sectors of interest include services, consumer goods, manufacturing, and industrial products. GBO looks for investments across Western Europe, with an emphasis on opportunities in Belgium, The Netherlands, Luxembourg, France, Germany, Switzerland and Austria. Gilde was formed in 1982 and has offices in Utrecht, Paris, Brussels, and Zurich.

DEAL STATS #
Overall 62 of 76
Sector (Information Technology) 2 of 4
Type (Secondary Buyout) 17 of 24
Country (Belgium) 5 of 6
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-19 Comcave Group

Dortmund, Germany

Comcave.College GmbH is a provider of adult education and training services with a focus on IT-related education. The company operates 14 centers across Germany and also offers "virtual classrooms". Comcave.College was founded in 2001 and is based in Dortmund, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-22 Gundlach Automotive

Raubach, Germany

Gundlach Automotive Corp. is a distributor of tires, rims, completely fitted wheels, and related services well as wheel assembly services to blue-chip car OEMs. Headquartered in Raubach and employing over 650 people, the Group is active in six countries, including Germany, Austria, Hungary, the Slovak Republic, Sweden, and the Netherlands.

Sell -
Buyer

PSG

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2014
PE ASSETS 14.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

PSG is a growth equity investment firm focused on the software sector. The Firm looks to partner with software and technology-enabled service companies to capitalize on opportunities and accelerate growth. PSG looks to leverage its network and best practice knowledge developed from its history of investing, to implement and execute strategies on guiding companies to the next level. PSG was established in 2014 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 37 of 106
Sector (Information Technology) 9 of 19
Type (Secondary Buyout) 5 of 8
Country (Belgium) 1 of 1
Year (2020) 5 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-23 Next Glass

Charlotte, North Carolina, United States

Next Glass is a global provider of software, content, and experiences in the beverage alcohol industry. Next Glass maintains a network of craft beverage consumers and industry employees. Next Glass was founded in 2013 and is headquartered in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-19 Pacvue

Los Angeles, California, United States

Pacvue is a next-gen e-commerce software and data platform that offers a suite of solutions to help merchants optimize and track marketplace performance, social performance, and other performance analytics as well as resources in the form of market insights, content, and education. Pacvue was founded in 2019 and is based in Los Angeles, California.

Buy -

Seller(S) 1

SELLER

AAC Capital Partners

Amsterdam, Netherlands

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 900M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

AAC Capital is a specialist buy-out private equity firm target to invest in mid- market companies located primarily in Netherlands and Belgium. It seeks to invest in companies with an enterprise value of €50 - 350 million. ACC Capital Benelux is a private equity arm of ACC Capital Partners and is based in Amsterdam.

DEAL STATS #
Overall 19 of 21
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 9 of 9
Country (Belgium) 3 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-18 Oogwereld Groep

Den Bosch, Netherlands

Oogwereld Groep is a group of 45 optical retail stores in the middle and high-end of the optical retail market. More than 70 optometrists and contact lenses specialists allow the company to offer premium eye care to its loyal customer base. Oogwereld further distinguishes itself from retail chains through an extensive assortment of exclusive frames and superior customer service. Oogwereld Groep was formed in 2012 and is based in Den Bosch, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-03 Hobré Instruments

Purmerend, Netherlands

Hobré Instruments is a designer and manufacturer of an online analyzer, sample systems and complete turnkey systems and solutions for the Oil & Gas, (Petro)Chemical, Steel, Power generation, Metal Recycling & Refining, Renewables, and Dairy industries. Hobré Instruments was founded in 1978 and is based in Purmerend, Netherlands.

Sell -
Mergr

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