Vermeg

Mergers and Acquisitions, Management advisory, Capital Structure & Financing advisory

Sale of a minority stake in Vermeg to Charterhouse Capital Partners and refinancing

Technology, Media & Telecoms
N.D.
Netherlands NLD

Scope of intervention

Sycomore Corporate Finance acted as exclusive financial advisor to Vermeg and its founder

Date of closing

December 2020
Charterhouse Capital Partners LLP (“Charterhouse”), one of the longest established private equity firms operating in Europe, announced that it has made an investment in Vermeg, a leading provider of software and digitalisation solutions for the financial services industry. Charterhouse has acquired an equity stake from Crédit Mutuel Arkéa, a France-based cooperative and mutual bank insurance group, investing alongside the company’s founder and management team, who are retaining their shareholding in the company.

 

Rationale

  • Vermeg has achieved remarkable organic growth and has pursued a successful buy-and-build strategy, completing three significant acquisitions over the past six years
  • Charterhouse will work with Vermeg’s management team to continue to transform the company organically and through M&A initiatives, providing the financial and strategic support required to pursue its ambitious growth plans
  • Charterhouse will support the company’s growth by further building on its leading market position and consolidating the fragmented financial software provider industry

Vermeg at a glance

Vermeg was founded in 2002 and provides bespoke software solutions to ca. 400 blue-chip clients in over 40 countries across the banking, insurance and wealth management industries; these include the likes of Santander, AXA, NN, BNP Baribas, and Deutsche Bank. Vermeg provides software solutions that are mission-critical to its clients’ operations and has seen consistently growing demand for its solutions. The company’s high-quality platform provides customers with best-in-class tools and application programming interfaces to automate process digitalization, and is a driver of growth in the financial services sector through digital transformation. The company employs over 1,400 people worldwide and is headquartered in Amsterdam, with offices in 16 countries.

Charterhouse at a glance

Charterhouse is one of the longest established private equity firms operating in Europe with a growth-focused approach and investing in transactions between €200m-€1.5bn of total value. Charterhouse follows a selective, conviction-led approach to invest in high-quality mid-market European companies across the services, healthcare, industrials and consumer sectors. Charterhouse sources attractive investment opportunities often ahead of any process with the long-term ambition of driving transformational change.

 

Vermeg

See website

Transaction contact

Olivier Barret
Pierre-Arnaud de Lacharrière

See Press Release