Frank\u00adfurt a. M. \u2014 The sale of Onven\u00adtis to Keen\u00adsight by Main Capi\u00adtal Part\u00adners is another very successful exit for Main and under\u00adlines the track record of top quar\u00adtile returns. Main Capi\u00adtal inves\u00adted in Onven\u00adtis in 2019, helping the company become a leading source-to-pay (S2P) provi\u00adder for mid-market compa\u00adnies. Keen\u00adsight, a reco\u00adgni\u00adzed tech\u00adno\u00adlogy-focu\u00adsed inves\u00adtor specia\u00adli\u00adzing in pan-Euro\u00adpean growth buyouts, will support Onven\u00adtis in its next phase of growth.<\/p>\n
Foun\u00added in 2000 and head\u00adquar\u00adte\u00adred in Stutt\u00adgart, Germany, the company\u2019s offe\u00adring mana\u00adges the source-to-pay proces\u00adses of direct and indi\u00adrect mate\u00adri\u00adals in stra\u00adte\u00adgic and opera\u00adtio\u00adnal purcha\u00adsing. Keen\u00adsight, who have been inte\u00adres\u00adted in the spend manage\u00adment soft\u00adware space for years, iden\u00adti\u00adfied Onven\u00adtis as a market leader early on and reco\u00adgni\u00adzed that Onven\u00adtis stood out for its strong product offe\u00adring, clear stra\u00adte\u00adgic vision and seam\u00adless execu\u00adtion. Keen\u00adsight will support Onven\u00adtis on its jour\u00adney to beco\u00adming an inter\u00adna\u00adtio\u00adnal SaaS cham\u00adpion in the midmar\u00adket. Throug\u00adhout the part\u00adner\u00adship, the entire Onven\u00adtis manage\u00adment team will remain on board and co-invest with Keen\u00adsight Capital.<\/p>\n
During the Main invest\u00adment period, the company evol\u00adved from a company focu\u00adsed on the DACH region to a leading pan-Euro\u00adpean provi\u00adder of spend manage\u00adment soft\u00adware with local offices in the Nether\u00adlands, Sweden and Austria. During this period, the company became an attrac\u00adtive Rule-of-40 company with a strong focus on recur\u00adring reve\u00adnue growth and an increase in total reve\u00adnue of more than 2.0x. In addi\u00adtion, Main Capi\u00adtal supported Onven\u00adtis with two stra\u00adte\u00adgic acqui\u00adsi\u00adti\u00adons in the areas of spend analy\u00adtics and invoice manage\u00adment to expand the group\u2019s product offe\u00adring and streng\u00adthen its inter\u00adna\u00adtio\u00adnal presence. These achie\u00adve\u00adments were also recently reco\u00adgni\u00adzed by Spend Matters, which ranked Onven\u00adtis as one of the top \u2018Provi\u00adders to Watch\u2019.<\/p>\n
Frank Schmidt, CEO of Onven\u00adtis, commen\u00adted, \u201cOnven\u00adtis has a promi\u00adsing future ahead of it and we look forward to start\u00ading this new chap\u00adter with Keen\u00adsight as our new part\u00adner. We believe their exper\u00adtise will drive our growth and look forward to working toge\u00adther. We would like to expressly thank Main Capi\u00adtal Part\u00adners for the good coope\u00adra\u00adtion and their support in the rapid imple\u00admen\u00adta\u00adtion of our jointly defi\u00adned growth strategy.\u201d<\/p>\n
Yuri Mikhalev, Part\u00adner at Keen\u00adsight Capi\u00adtal, added: \u201cWe are proud to welcome Onven\u00adtis to our port\u00adfo\u00adlio and look forward to working with the team to streng\u00adthen the group\u2019s growth and expand the company\u2019s offe\u00adring and geogra\u00adphic reach. We iden\u00adti\u00adfied this company as a leading cloud procu\u00adre\u00adment provi\u00adder, and Onven\u00adtis\u2019 alre\u00adady outstan\u00adding market posi\u00adtio\u00adning, strong brand and attrac\u00adtive profile convin\u00adced us of the company\u2019s high caliber.\u201d<\/p>\n
Sven van Berge Henegou\u00adwen<\/strong> (Photo \u00a9 Main Capi\u00adtal Part\u00adners), Mana\u00adging Part\u00adner at Main Capi\u00adtal Part\u00adners, concluded, \u201cWe congra\u00adtu\u00adlate Onven\u00adtis on ente\u00adring the next phase of growth with Keen\u00adsight. The company has shown great promise over the past few years and we are proud to have supported Onven\u00adtis with two very stra\u00adte\u00adgic acqui\u00adsi\u00adti\u00adons that signi\u00adfi\u00adcantly increase custo\u00admer value. We wish the company, manage\u00adment and employees all the best for the future.\u201d<\/p>\n About Onven\u00adtis About Keen\u00adsight Capital About Main Capi\u00adtal Partners Frank\u00adfurt a. M. \u2014 The sale of Onven\u00adtis to Keen\u00adsight by Main Capi\u00adtal Part\u00adners is another very successful exit for Main and under\u00adlines the track record of top quar\u00adtile returns. Main Capi\u00adtal inves\u00adted in Onven\u00adtis in 2019, helping the company become a leading source-to-pay (S2P) provi\u00adder for mid-market compa\u00adnies. Keen\u00adsight, a reco\u00adgni\u00adzed tech\u00ad\u00adno\u00ad\u00adlogy-focu\u00ad\u00adsed inves\u00adtor specializing [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":47810,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1369],"tags":[],"class_list":["post-47812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-investors"],"yoast_head":"\n
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\nOnven\u00adtis has been a cloud pioneer for the digi\u00adtal trans\u00adfor\u00adma\u00adtion of procu\u00adre\u00adment and finance proces\u00adses since 2000. Onven\u00adtis Buyer cloud soft\u00adware is an all-in-one procu\u00adre\u00adment system that helps compa\u00adnies with all procu\u00adre\u00adment opera\u00adti\u00adons to achieve finan\u00adcial control, process effi\u00adci\u00adency, and cost savings while comply\u00ading with corpo\u00adrate poli\u00adcies and laws. Onven\u00adtis Buyer stream\u00adli\u00adnes and auto\u00adma\u00adtes all proces\u00adses from procu\u00adre\u00adment source to payment, inclu\u00adding colla\u00adbo\u00adra\u00adtion with suppli\u00aders in the network. The Onven\u00adtis network connects busi\u00adness proces\u00adses of buyers and suppli\u00aders \u2014 simply and secu\u00adrely. World\u00adwide, more than 1,000 compa\u00adnies with appro\u00adxi\u00adm\u00adately 450,000 users in the Onven\u00adtis network handle an annual procu\u00adre\u00adment volume of over 10 billion euros with more than 50,000 suppliers.<\/p>\n
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\nKeen\u00adsight Capi\u00adtal (\u201cKeen\u00adsight\u201d), one of Euro\u00adpe\u2019s leading growth buyout firms, is dedi\u00adca\u00adted to helping entre\u00adpre\u00adneurs execute their growth stra\u00adte\u00adgies. For over 20 years, the Keen\u00adsight Capi\u00adtal team has used its know\u00adledge of invest\u00adment and growth indus\u00adtries to make long-term invest\u00adments in profi\u00adta\u00adble compa\u00adnies with high growth poten\u00adtial and reve\u00adnues of between \u20ac10 million and \u20ac400 million. Drawing on its exper\u00adtise in tech\u00adno\u00adlogy and health\u00adcare, Keen\u00adsight iden\u00adti\u00adfies the best invest\u00adment oppor\u00adtu\u00adni\u00adties in Europe and works closely with manage\u00adment teams to deve\u00adlop and execute their stra\u00adte\u00adgic vision. Keen\u00adsight Capi\u00adtal\u2019s success has earned it a Gold Award from the Private Equity Exch\u00adange & Awards for the last six conse\u00adcu\u00adtive years, for the best Euro\u00adpean Growth Private Equity Fund.<\/p>\n
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\nMain Capi\u00adtal Part\u00adners is a leading soft\u00adware inves\u00adtor in the Bene\u00adlux, DACH region and the Nordic count\u00adries. Main has nearly 20 years of expe\u00adri\u00adence streng\u00adthening soft\u00adware compa\u00adnies and works closely with the manage\u00adment teams of its port\u00adfo\u00adlio compa\u00adnies as a stra\u00adte\u00adgic part\u00adner to realize sustainable growth and build excel\u00adlent soft\u00adware groups. Main employs 60 people and has offices in The Hague, Stock\u00adholm, D\u00fcssel\u00addorf, Antwerp and the USA (Boston). As of Octo\u00adber 2021, Main has over \u20ac2.2 billion in assets under manage\u00adment. Main has inves\u00adted in more than 150 soft\u00adware compa\u00adnies to date. These compa\u00adnies have crea\u00adted jobs for about 9000 employees.<\/p>\n","protected":false},"excerpt":{"rendered":"