Kartesia partners with NLI Capital in the acquisition of Holland ICT Groep
Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, is pleased to announce that it has provided financing to support NLI Capital (“NLI”) in the acquisition of Holland ICT Groep (“HIG” or “the Company”), marking the next phase of growth for the platform.
HIG is a Dutch IT Managed Services Provider (“MSP”) platform which delivers end-to-end IT services – including managed services, cybersecurity, cloud and modern workplace solutions – to approximately 1,300 SME clients. Operating through six regional partner companies, HIG offers comprehensive and innovative solutions, underpinned by a stable, largely recurring revenue base. The Company has also demonstrated strong growth momentum, completing five acquisitions in recent years.
With the support of NLI and capital deployed from Kartesia´s Senior Opportunities (“KSO”) strategy, HIG aims to further solidify and expand its national footprint, deepen client relationships and accelerate organizational growth. Together, the partners aim to strengthen the Company’s leading niche position and continue supporting the Dutch SME ecosystem.
The deal team at Kartesia consisted of Ruben Moen and Jan-Paul van Hees.
Pieter van Woerden, CEO of HIG, commented: “When organisations independently develop visions that align seamlessly from the outset, it creates a strong foundation for a successful partnership. With NLI Capital as our partner, supported by Kartesia, we are taking the next step: enhancing our scale, accelerating our growth and further strengthening of our national presence.”
Rutger Nuij, Managing Director at NLI, commented: “We are enthusiastic about this investment given the strong value creation drivers: an organically growing recurring revenue base, an active buy-and-build pipeline in a fragmented market, and a solid organisation well-positioned for the next phase of growth.”
Ruben Moen, Investment Director at Kartesia, commented: “Holland ICT Groep stands out in the Dutch IT MSP landscape through its entrepreneur-led model, anchored in regional SME networks while benefitting from the scale and network advantages of the broader group. With the support of NLI and Kartesia, HIG is well positioned to continue capitalising on the significant growth opportunities this segment of the market has to offer.”
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For further details please contact:
H/Advisors – Orla Norman
+44 (0) 7500 227883