Pride Capital Partners finances buy and build strategy of Arcus IT
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Managed services company Arcus IT Group (“Arcus IT”) has attracted a mezzanine loan from Pride Capital Partners to co-finance its acquisition strategy. Arcus IT, founded in 2016 by Rob Verbeek, has grown through several acquisitions to a company with > 100 employees and strong geographical coverage in the Netherlands. The company is headquartered in Zwolle with offices in Rotterdam and Oud Gastel.
Arcus IT is a leading market player in the Netherlands with > 1,000 customers in several focus segments, like Accountancy and Healthcare. The focus is on customers with 50-500 workplaces with a broad product and services portfolio, such as online workplaces, Office 365, IT security, VoIP telephony and online back-up solutions. To efficiently facilitate its clients, Arcus IT has developed its own cloud platform including its own hosting technology and performance management solutions, which contributes to an increasingly recurring and scalable business model.
Since inception, Arcus IT already successfully completed 6 strategic acquisitions and is looking to expand by adding new companies to the group. The preferred acquisitions are active in a specific vertical or can add value by means of geographical expansion for Arcus to realize nationwide coverage. Pride Capital Partners will support Arcus to realize multiple add-on acquisitions this year.months.
Rob Verbeek (founder and CEO Arcus IT): “The Dutch ICT market segment is consolidating, and Arcus IT is becoming one of the leading players in this segment. The Pride mezzanine loan, in combination with our banking facilities, is providing us with sufficient funding to become the market-leading Managed Service Provider for the mid-market in The Netherlands.”
Lars van ‘t Hoenderdaal (managing partner Pride Capital Partners): “We have known Rob Verbeek for many years and are enthusiastic about the proven buy & build strategy of Arcus IT, resulting in a leading company in the Netherlands with a scalable and strong recurring profile. We are looking forward to support the future buy & build strategy of the company.”
Pride Capital Partners is a specialized private debt firm that finances profitable and growing companies in the software and ICT segment. Typical scenarios include growth, acquisition and management buy-out(MBO) transactions. The focus is on the Benelux and D-A-CH regions. Pride Capital has offices in Amsterdam and Cologne.
Pride Capital Partners is financed by its own shareholders, family offices, (former) entrepreneurs and institutional investors. The portfolio consists of amongst others The Valley, Spotzer, Bright River, Bluefield and the German companies eKomi, KAIROS, COYO and Link11.
Rob Verbeek
T: +31 (0)611744822
E: rverbeek@arcusit.nl
Lars van ‘t Hoenderdaal
T: +31 (0)651797111
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