In December 2014 Main Mezzanine Capital issued a mezzanine loan to OnGuard, a leading supplier of credit management software for large international companies. The loan has been provided to finance a management buy-out (“MBO”), as Main Capital III acquired a majority stake in the company. The mezzanine loan is subordinated to the credit facility from the bank.
This is the second mezzanine loan from Main Mezzanine Capital to OnGuard. In April 2014, OnGuard attracted the first mezzanine loan to finance its international expansion. This loan is repaid in the MBO transaction realizing an attractive return for the funders of Main Mezzanine Capital.
The investment of Main Capital III combined with the new mezzanine loan provides OnGuard the possibility to continue and expand the current international growth strategy. OnGuard is located in Nederhorst den Berg, realises profitable revenues of > € 7 million, of which 75% is annually recurring, and has 55 employees. The company has offices in the United Kingdom and Australia. The OnGuard software is used on a daily basis by over 10,000 people in 850 companies divided over more than 40 countries.
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. Earlier this year, loans were provided to SecondFloor and AllSolutions.