Main Mezzanine Capital issued a mezzanine loan to AllSolutions, a leading supplier of SaaS ERP software, to finance the purchase of own shares. The loan has a risk-bearing character and is subordinated to the credit facility from their principal bank. After the transaction all shares are owned by the management and employees.
Main Mezzanine Capital is part of Main Capital Partners, an investment and financing company, as well as a corporate finance advisor, with a focus on growing and profitable SME companies in the Netherlands. Main Mezzanine Capital is funded by its own shareholders, wealthy individuals, family offices and (former) entrepreneurs, who like to invest in companies with an interesting risk-return profile.
Leo Koster, CEO of AllSolutions, has together with Wout Klok and AllSolutions purchased all shares owned by private equity partner Dolfin Capital. Leo Koster: “I’m pleased that Dolfin has offered us this opportunity, after they in 2009 executed an MBO with us. Furthermore I’m happy with the cooperation with Main Capital Partners and I look forward to our future together.”
Leo Koster (CEO AllSolutions): “I’m pleased that Dolfin has offered us this opportunity, after they in 2009 executed an MBO with us. Furthermore I’m happy with the cooperation with Main Capital Partners and I look forward to our future together.”
Lars van ‘t Hoenderdaal, managing partner of Main Capital Partners, adds: “Main has been targeting AllSolutions for some years. The possibility to co-finance the repurchase of shares offered us an extraordinary opportunity that we did not hesitate to seize.“
AllSolutions is located in Woerden and realizes with 35 employees profitable and recurring revenues of > € 5 million. AllSolutions provides ERP software for professional service companies and project organisations. The AllSolutions software is a SaaS-solution with over 90.000 daily users in 24 countries.
In addition to being a successful investor in software companies, Main Capital Partners started to finance Dutch SME companies with ambitions that reach beyond the financing possibilities currently offered by local banks. Main Mezzanine Capital will invest around € 20 million in the coming 2 years. The mezzanine loan to AllSolutions is after OnGuard and SecondFloor the third loan provided by Main Mezzanine Capital.