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Track
record
These are our latest successful projects:
Valuations
Before entering into a sale process and/or divestment separate
valuations are required depending the situation. We executed
various of them over the last years under sometimes difficult
and complicated circumstances.
Sale
and divestments
CIC worked on and executed several sale mandates of Benelux
ICT companies both small and midsize (1 - 50 mln Euro yearly
turnover) offering Consultancy and/or software services
and/or software products. We also succeeded in assisting
on divesting programs of bigger internationally operating
ICT companies. (Potential) buyers were found in the Benelux
but also in Italy, Scandinavia, Germany, France, the UK
and Spain.
Some companies we represented:

Some assignments and transactions in which we successfully
advised:
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In 2000 Getronics(NL) decided to divestment their
Spanish hard- and software distributing activities
operating under the name Diode with nearly 100 M €
revenues. Eventually Diode was sold to the management
and an investors group from Catalunya.
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Both Europartners (NL) as well as Qua+ Services (NL)
were specializing in staffing of IT professionals
in IT network management and -installation. Both companies
, with 80 employees, we sold to a Dutch IT Network-
and System integrator with ambitions to strengthen
their position in the Dutch market in this activity
area.
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Cronos (B) decide to divest their Luxembourg activities
what was, with 200 employees, mainly focused on IT
projects with the European Community. By acquiring
Cronos Luxemburg, Sword (Fr) became a strategic position
in the Benelux with sustainable business.
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ACI (NL) is a software company developing, selling
and implementing proprietary software automating CRM.
Aemstel Ventures (NL) was looking to combine CRM expertise
between companies within their portfolio, to exploit
the potential in the market for CRM solutions the
coming years.
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Subject to their overall strategy to focus on and
invest in the development to an high-end local SAP
partner and - specialist, C/tac Align decided to divest
their Spanish branch. Eventually the transaction was
executed through a combined buy-out of the managers
and ICE Consulting Services B.V. (NL), obtaining their
ambitioned Spanish position as an international SAP
service provider.
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Unit 4 Agresso Accountancy B.V. has a leading position
in the Netherlands in software for accountancy firms.
In their one-stop-shopping model they also offered
hardware and designing the network infrastructure.
In 2003 they decided to divest these specific non-core
activities. Confidentiality and speed minimizing rumour
with employees and existing clients was very important.
We successfully advised in this so called carve-out
by introducing only of few potential buyers we knew
and qualified already. We eventually close the transaction
with a candidate that presented the best strategic
fit, also for a future partnership, and was able to
meet the required speed.
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Motifact is a leading IT system service management
provider in the Netherlands. With 90 employees it
is unique in its offering of tool implementation and
outsourcing services for efficiently managing the
IT infrastructure and - systems within large companies.
We successfully sold the company to 2escape2 after
also to have mediated and advised in the internal
roll-up of the different shareholders to the holding.
The activities of Motifact fit very well the ambitions
of 2escape2, a UK based group with focus on IT outsourcing
and servicing, to further strengthen their position
in the Benelux.
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Since its incorporation in 1997, 4C Consultants focused
on advising companies in CRM processes, from a business
and IT point of view. The company grew to app. 80
people end of 2001. In 2002, due to the lack of demand
for this expertise, especially the business part,
the management was forced to restructure. They succeeded
and finished the full process end of 2003. We were
asked to look for a strategic investor as the company
was again in a growth scenario, and to strengthen
its financial position to finance this growth. Currently
4C consultants again is growing and performing also
as a result of the utilized synergy with the new shareholder.
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Being part of ISIT Holding with its main activities
around offering integrated storage solutions, CCG
as a distributor initially strengthen the knowledge-
and market position for ISIT. Because of the threat
for increasing ´channel conflicts`, as ISIT
offers its solutions direct to the end user, CCG was
decide to be divested. Logix, as an internationally
present value added distributor with already a small
operation in the Netherlands, could strengthen their
position with this acquisition both from a quantitative
- as from a qualitative perspective with the specific
value added knowledge of storage solutions available
within CCG.
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Topficie was looking to increase their size of business
to retain their current position with their major
customer group, the financial sector. For Devoteam
Group SA, a listed international operating French
IT services provider, the Netherlands is considered
as their `second` market. To strengthen the diminishing
Dutch activities they were looking to do an acquisition
to complement their portfolio of activities and also
recruit strong management to up lift the operation
in the Netherlands again. Part of the post merger
plan will be the integration of both businesses, with
the management of Topficie responsible for the combined
operations.
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With their group of companies MCA
(Micro Computer Associates) focuses at software development
for the higher educational market and public sector.
To consolidate and strengthen their strong position
in these areas the company was looking for an opportunity
to become part of a larger player, active in software
development. Driven by the increasing consolidation
in the software sector Unit4Agresso was ambitioned
to acquire a position in new markets in the UK. The
existing activities of both U4A UK and MCA will be
lined up after the acquisition to create immediate
synergies on the short term.
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Square Applications B.V. (NL) offers
software for the automation of pay-per-use contract
management and invoicing, with also modules for asset-
and field service management. For major shareholder
Gilde IT Fund II we looked for a strategic buyer.
To sustain their position with clients in the area
of infrastructure- and workspace management, Simac
Techniek B.V. (NL) was looking to complement their
offering with business software solutions.
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Ubizen
N.V. (Belgium), part of Cybertrust Inc., offers managed-
and professional services in the area of IT security
solutions. As part of Ubizen, Expanded Media, with
their e-business solutions offering, increasingly
was a non fit with the core activities of the group.
For Ubizen we successfully divested the company to
Devoteam Group SA (FR). Devoteam was looking to complement
their Belgium activities with e-business knowledge
and strengthening their project oriented business.
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ECgroup B.V. (NL) was incorporated
in 2003 through the acquisition of the Dutch activities
of ECsoft Ltd by Dawud Ventures (NL). After successfully
restructuring and repositioning the company in 2004,
in 2005 ECgroup B.V. optimized its business model
and was prepared for an exit by Dawud Ventures. For
Dawud Ventures we sold the company to Axioma Groep
(NL, part of the Dutch listed company De Nederlandse
Companie N.V.) which was ambitioned to further build
up their IT activities in the Netherlands.
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Tisa
is a group of companies with a proven track record in
the Spanish market, focused on development, implementation
and maintenance of integrated IT solutions (software
+ hardware) for specific sectors like restaurants, ware
houses, supermarkets, drugstores, opticians, shops.
As the main shareholder reached 'retirement' age and
both within his family and in the company there was
no successor, we advise him on a transaction with a
strategic buyer. i68, also active in Spain in this sector,
retained the organisation and also could bring a good
new future for the employees. |
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Because
of lack of synergies with the core business of the shareholders
(DIT Group and Detron Corporation) we where asked to
assist in divesting Systence B.V., a multi disciplinary
industrial automation engineering company. We successfully
closed the transaction with Aemstel Ventures, an entrepreneurial
private equity boutique, which brought in management
and new shared future vision. |
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ISIT
is an independent storage integrator with more than
15 years experience. Its specialty areas comprise network
attached storage solutions, storage area networks, centralised
back up/restore solutions and archiving. Under the ownership
and leadership of Roelof Borggreve the company reached
a top position in the Dutch storage solution market.
We were requested to find the right strategic partner
in order to further strengthen the market position of
the company and insure continued growth.
We
advised the main shareholder in the total process
following. For more information, click
here.
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CIC
advised and brokered in the sale of the shares of Lopac
B.V. to Unit4 Agresso. Lopac was for many years already
active in this market as established party in the software
market for Acountants for medium and small businesses
who offer payroll services to their clients. Unit4 Agresso
is the market leader in this segment in the Netherlands
and looking for strengthening its market position. Owner
Microloon Beheer had to make a choice to stay independent
or to look for strategic partner and a trade sale.
CIC assisted Microloon Beheer in the decision making
process, the search and the selection of the most appropriate
candidate. That was U4A with whom negotiations were
started and a win win situation could be created. |
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Squire
is a renowned specialist in the Netherlands in deploying
and maintaining ICT infrastructures. Centralized server
parks with the newest technologies of virtualization
and storage, workspace automation are the focus areas
of Squire. Since the company has reached a more mature
state the founders/ managers were looking for a new
strategic partner thus creating optimal conditions for
the company, the management and the professionals to
capitalize on the knowledge and client base of the company
and insure sustained future growth.
The acquisition by Detron ICT & Telecom Group fits
perfectly in Squires ambition to conquer a top position
in managed services in the market of ICT services of
midsized and larger companies.
CIC advised the share holders of Squire in the search
and full process until completion. |
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Detron
is a strategic investor in telecom, media en IT and
believes in the acceleration of the convergence of Telecom
and IT. It has certain interests in both areas already
Kender Thijssen (KT) is a reputable, well known company
in IT and telecom projects and managed services. The
activities of Detron and Kender Thijssen are complementary
and strengthen each other. KT needed a new strategic
direction, a new growth impulse and therefore also new
management.
CIC searched and identified candidates on behalf of
Detron and advised in the acquisition process of KT. |
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C-Logic
is active in the market of adminstrative software
for midsize and smaller enterprises like Unit4Agresso.
Unit4Agresso wants to strengthen its existing market
position in Belgium. Furthermore C-Logic has a strong
position with Accountants in Belgium. Together with
the international accountancy products of U4A in the
Netherlands the Belgian market can be unlocked for
these products.
CIC advised U4A as from the search until the closing
of the process.
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Acquisition
programs
For a number of Benelux based ICT Companies we successfully
assisted on their national and foreign acquisition program.
We served Benelux based companies with foreign ambitions
in France, Spain, Scandinavia, UK and Germany. Our role
varied in defining together with the management the corporate
strategy until executing the search and acquisition process.
Through our Quality Network we also are/were able to work
for foreign ICT companies with ambitions in entering new
Pan European markets. For example we succeeded for some
French companies with ambitions for the Benelux market.
We also assisted on the acquisition programs for Germany,
UK and Scandinavia.
In this aspect amongst others we represented:

Some transactions and assignments in which we successfully
advised:
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To strengthen their activities in the Internet Services
division, Unit 4 (NL)was looking to acquire a strong
internet company with a sound track record and client
base. Amercom with app. 20 employees fitted these
criteria and was successfully acquired in 2001.
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Part of their internalisation program, Lost Boys
(Dutch based) was looking for a Internet company in
the Paris region. Through Lab Production (40 employees)
Lost Boys strengthen their position as an IT interactive
media consulting player with an impressive Blue chip
customer base in France.
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Sylis Group SA (Fr) internationally expand its business
in 1998, first by acquiring two companies in Belgium
in 1999 and late 2000 with NTNT Nederland BV (NL)
with some 400 employees specializing in Network- and
system management.
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By acquiring Gyata Consulting BV (NL) with 50 employees
Altran (Fr) strengthen their position in the Netherlands
as a global Consultancy firm also with expertise in
IT.
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To secure their position as a preferred supplier
with the largest IT services customers, LinkiT Group
(NL)was forced to aggressively grow their company.
By acquiring Q Face (NL), Link IT doubled their size
to 400 employees.
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To capitalize on their software European wide Unit
4 Agresso (NL) was looking to acquire a software consultancy
& implementation company in Spain. Escador Riverside
with 100 employees and branches throughout Spain enables
Unit 4 Agresso in successfully executing their strategy
by entering into a strategic alliance with them.
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ISM has a leading position in the Netherlands as
an independent e-commerce solutions provider. Part
of their growth strategy was to strengthen their market
position by expanding their customer base and their
offering around interactive and graphical concepts
and design. Through our research and quality network
shortly after kick-off we could introduce them to
Codim Interactive Media, that offers high-end communication
concepts to their customers (more than 80) and brings
in expertise of interactive design, media productions
and e-learning. CIC managed to bring the process to
closing within 2 months after the first introduction.
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Unit4agresso is ambitious to strengthen their position
in the governmental market. With their current solutions
based on the Microsoft platform there where only limited
possibilities to increase the customer base. Decade
is a supplier of software (based on the Oracle platform),
with a focus on local governments and service oriented
institutions like associations and foundations, educational
institutions and housing corporations.
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Business
development/Corporate (re-) structuring
CIC worked for several ICT companies in adding company
value through business development and/or (re-) structuring.
For example for an ICT services company we assisted on the
role out of an ASP concept, as part of their services portfolio.
We advised and assisted in the making and execution of strategic
plans for a specialized Printing company in the field of
electronic security. Another example is the restructuring
of a Benelux based company for a successful exit to a foreign
buyer. We also assisted in Management Buy-outs and Management
Buy-ins in this context.
If further information is required about our references
we are most happy to set up a personal meeting where we
shall inform you in more detail about our experiences in
former projects and our idea's for possible joint future
projects.
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