– Main Capital Partners, a leading enterprise software investor in Europe and North America, has closed its first continuation fund with €520 million in commitments.
– The fundraise was fully capitalized by new and existing limited partners, co-led by Lexington Partners and StepStone Group, with Trinity River Holdings, LP as sub-lead.
– The offering saw high demand from globally recognized leaders in secondary transactions.
– The continuation fund was created to partially acquire three high-performing portfolio companies from various Main Capital funds:
SDB: Dutch healthcare software provider.
MACH: German GovTech company.
Björn Lundén: Swedish financial administration software firm with a European footprint.
– Main Capital Partners will continue to grow these companies into European leaders via organic growth and active buy-and-build strategies.
– The transaction gave existing investors the option to take liquidity or remain invested to benefit from the future upside.
– The continuation fund provides additional capital and time for the portfolio companies to pursue value-accretive growth.
– Charly Zwemstra, Managing Partner and CIO, emphasized the alignment of the transaction with Main’s long-term strategy in HealthTech, GovTech, and Financial Administrative software.
– Jorn de Ruijter, Head of Fund Structuring and Investor Relations, highlighted the investor optionality and future collaboration with Lexington, StepStone, and Trinity River Holdings.
