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Volpi Capital makes ‎€20m investment into Mansystems

Posted on 20th August 2019

London, 20 August 2019: Volpi Capital (“Volpi”), a specialist European lower mid-market private equity firm, today announces an investment in excess of €20m into Mansystems, the leading Mendix implementation and support partner, headquartered in the Netherlands.

Mansystems provides businesses with a range of services across the Mendix low-code platform including projects (e.g., low-code application development), implementation, support and maintenance, proprietary software tools and expert training. Through its Mendix ‘Expert Partner’ status as well as Mendix’s ownership by Siemens and their strategic partnerships with SAP and IBM, the company works with a wide range of large enterprise clients, across multiple sectors, helping them leverage the opportunities provided by digitisation, cloud computing and enterprise applications.

Mansystems’ Mendix business has experienced rapid growth in recent years, and the company now employs 120 staff across 4 offices in the Netherlands and Germany. Through its award-winning Mendix Academy, Mansystems also plays an important role training the next generation of specialist low-code developers.

The deal will see Volpi work closely with Mansystems’ management team to support its domestic growth and international expansion, accelerating its sales and marketing programme whilst also pursuing buy-and-build opportunities.

Commenting on the transaction, Crevan O’Grady from Volpi Capital, said: “We are delighted to have the opportunity to work with Mansystems on the next stage of its exciting journey. With strong structural drivers such as the shift to cloud, increasing digitisation and demand for faster enterprise application development, the business is well placed to take advantage of significant growth opportunities.

“This transaction is a great example of our investment strategy and our ability to work with ambitious businesses leveraging technology to disrupt traditional B2B value chains. We look forward to working with management to deepen Mansystems’ market penetration, unlock new geographies and further build upon its industry leading position.”

Arnold Zwart, CEO of Mansystems added: “Having built a strong relationship with the Volpi team over recent months, we have been impressed by their deep industry expertise and collaborative style. We are delighted to have a partner on board that can support our ambitious growth plans and has a strong track record in executing international buy-and-build strategies.”

Volpi was advised by Allen & Overy, CorporateWise and PwC.

For all media enquiries, please contact:

Instinctif Partners

Nick Woods/Justine Crestois

+44 20 7457 2020

volpi@instinctif.com

About Volpi Capital

Volpi Capital is a specialist European lower mid-market private equity firm. Volpi has a thesis-driven approach targeting ambitious businesses using enabling technologies to disrupt traditional B2B value chains. Volpi typically invests €25-75 million of equity in businesses with enterprise values between €50 million and €200 million and seeks to drive transformative growth through international expansion and consolidation. The firm, which was founded in 2016 by Crevan O’Grady and Marco Sodi, closed its first fund (Volpi Capital Fund I) in April 2018 with commitments of €185 million.