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Main Capital Partners acquires Unik System Design

Photo: Wessel Ploeg­ma­kers, Part­ner at Main Capi­tal Part­ners (Photo © MainCapital)
11. Septem­ber 2023

Stock­holm — Main Capi­tal Part­ners (“Main”) is plea­sed to announce the acqui­si­tion of a majo­rity stake in Unik System Design (“Unik”). Unik is a leading soft­ware provi­der with deep indus­try and subject matter exper­tise in housing and property manage­ment and legal admi­nis­tra­tion. Main will act as a stra­te­gic part­ner to the manage­ment team, support­ing Unik’s jour­ney to become a leading pure-play soft­­ware-as-a-service (“SaaS”) provi­der focu­sed on an inter­na­tio­nal buy and build strategy.

Foun­ded in 1985, Unik is an inno­va­tive Danish provi­der of indus­­try-speci­­fic soft­ware with +240 employees and consul­tants in Vejle, Aalborg, Copen­ha­gen and Warsaw. With nearly four deca­des of expe­ri­ence, the company has posi­tio­ned itself with the most widely used soft­ware solu­ti­ons on the market, serving more than 900 custo­mers, from large private and public housing asso­cia­ti­ons to law firms and corpo­rate legal depart­ments throug­hout Denmark.

Unik is in the process of reinven­ting itself, not only to deli­ver higher levels of effi­ci­ency, auto­ma­tion and digi­tiza­tion to its ever­y­day users, but also to push the boun­da­ries of what happens when digi­tal inno­va­tion meets deep indus­try know­ledge. Over the next few years, the two new SaaS products HabiCen for housing and property manage­ment and Justi­Case for legal manage­ment will gradu­ally replace the current products Unik Bolig and Unik Advosys.

Going forward, Main Capi­tal Part­ners will actively support Unik in main­tai­ning its strong growth momen­tum by further expan­ding its product offe­ring to exis­ting custo­mers. In addi­tion to orga­nic growth initia­ti­ves, stra­te­gic acqui­si­ti­ons will be an important pillar of the stra­tegy to comple­ment the inno­va­tive product port­fo­lio and streng­then the market posi­tion both in Denmark and abroad.

Jens Find, CEO of Unik System Design, comm­ents, “In our dialo­gue with Main, we reco­gni­zed the poten­tial that this part­ner­ship could bring. After 38 years as CEO and prin­ci­pal owner, I clearly feel that this is the right decis­ion for Unik, our custo­mers and our employees. We will conti­nue with the current manage­ment and the current owners will retain a signi­fi­cant 40% stake. For us, it’s more of a part­ner­ship than a sale.”

Tonni Rasmus­sen, CTO of Unik System Design, comm­ents, “Our custo­mers rely on our inno­va­tion and indus­try exper­tise to set the stan­dard for how soft­ware can auto­mate their busi­ness proces­ses. The deve­lo­p­ment of two ground­brea­king SaaS products, HabiCen and Justi­Case, is part of Unik’s next major inno­va­tion, with a focus on impro­ved secu­rity and opera­tio­nal efficiency.”

Wessel Ploeg­ma­kers (photo © Main­Ca­pi­tal), Part­ner at Main Capi­tal Part­ners, summa­ri­zes: “Unik has been on our radar for a long time as one of the leading Danish soft­ware provi­ders, and we are plea­sed to have the oppor­tu­nity to support the company on its jour­ney to become a leading inter­na­tio­nal SaaS provi­der. We are confi­dent that our targe­ted orga­nic growth initia­ti­ves, combi­ned with a selec­tive buy-and-build stra­tegy, will create an enhan­ced value propo­si­tion for exis­ting and new customers.”

Main Capi­tal Part­ners is a leading soft­ware inves­tor in the Bene­lux, the DACH region, the Nordic count­ries and the United States. Main has over 20 years of expe­ri­ence in streng­thening soft­ware compa­nies and works closely with the manage­ment teams in its port­fo­lio as a stra­te­gic part­ner to achieve sustainable growth and larger, outstan­ding soft­ware groups. A leading soft­ware inves­tor mana­ging private equity funds in Northwest Europe and North America, Main employs 60 people and has offices in The Hague, Stock­holm, Düssel­dorf, Antwerp and a branch office in Boston. Main mana­ges assets of over €2.2 billion and curr­ently has an active port­fo­lio of over 40 soft­ware companies.

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