Essential Capital Companions, a software program investor within the Benelux, DACH, the Nordics, and america, on Tuesday, introduced the profitable sale of Dutch-based Enovation to Legrand.
Legrand is a French firm specialised in electrical and digital constructing infrastructures and digital care options.
Based mostly out of Zuid Holland, Enovation is a supplier of a platform for digital care and collaboration. From early detection to distant monitoring and every thing in between, the Dutch platform facilitates built-in care – at each step.
In 2018, Essential Capital Companions made its strategic funding in Enovation and began its collaboration with the administration crew of Enovation.
Below Essential’s management, Enovation turned one of many few healthcare software program suppliers to cowl a large spectrum of the linked care ecosystem and set up a powerful presence in Northwestern Europe.
The corporate now focuses on digital care and collaboration all through the whole affected person journey and employs round 300 FTE.
This strategic exit marks one more profitable exit for Essential in certainly one of its core product markets and can also be the most important exit in Essential’s historical past.
With Essential Capital’s help, Enovation expanded its software program companies by means of each natural progress and eight selective strategic acquisitions that broadened the corporate’s product portfolio and expanded its addressable market.
Essential’s CEO Charly Zwemstra has served as Chairman of the Supervisory Board throughout Essential’s funding interval, wherein, Enovation’s revenues practically tripled and the worldwide footprint improved considerably from a major concentrate on the Dutch market to actions in nearly 20 nations.
This partnership with Legrand will permit Enovation to mix its data and experience to additional its aim of making an accessible and environment friendly healthcare system for all.
Jeroen van Rijswijk, CEO of Enovation, feedback on the mix with Legrand saying, “Throughout our profitable partnership with Essential over the previous six years, Enovation was capable of considerably enhance its worldwide profile and market place. Essential furthermore helped us to create additional worth in healthcare by enhancing the care experiences of sufferers throughout the European healthcare {industry}. This new chapter marks a beautiful subsequent step for Enovation and we’re excited to hitch Legrand and serve our purchasers even higher, as we now have entry to plenty of new experience in addition to nice worldwide execution energy.”
Legrand: Providing options for industrial, industrial and residential markets
Legrand specialises in electrical and digital constructing infrastructures, offering complete options for industrial, industrial, and residential markets that set the benchmark for purchasers worldwide.
Benoît Coquart, Legrand’s Chief Government Officer, provides, “We’re more than happy to announce this funding in areas which are on the coronary heart of buoyant traits and as such, of our progress acceleration technique. We’re additionally excited to work with the groups of those industry-leading corporations.”
Strategic accomplice for software program corporations
Based in 2003, Essential Capital Companions is a buyout investor in enterprise software program that specialises within the lower-middle market. It invests between €5M to €150M in fairness tickets in worthwhile small- to medium-sized companies.
Essential offers operational help and fosters deep connections inside software program ecosystems. The agency’s exercise in 2023 alone included over 40 transactions, with near 30 exits thus far boasting a weighted common return over 4x and a loss charge under 0.5 per cent.
With a crew of 70+ throughout Benelux, DACH, Nordics, and the US, Essential Capital Companions fosters connections with the native software program ecosystems, enabling unique relationships with software program founders and entrepreneurs.
Essential operates cross-border in roughly 10 product markets like healthtech, govtech, HRtech, and cybersecurity. A few of its investments embrace Pointsharp, Oribi, BCS, Textkernel, Enovation, SDB Groep, and amongst others.
Essential oversees a portfolio of 45+ software program corporations. These corporations have greater than 12,000 staff altogether. Essential additionally helps college students by giving them grants and scholarships to review IT and Pc Science at Technical Universities and Universities of Utilized Sciences. They do that by means of their Essential Social Institute.
Sjoerd Aarts, Accomplice & Head of Benelux at Essential Capital, concludes, “We supported in increasing Enovation’s product proposition and rising its worldwide footprint throughout North-Western Europe, remodeling Enovation’s profile right into a market-leading software program participant in healthcare. This profitable partnership inside certainly one of our core product markets as soon as extra underlines the added worth of our extremely specialised funding technique and culminated in a milestone exit for Essential. We congratulate Enovation on this new chapter, becoming a member of Legrand.”