We advised the selling shareholders, including the leading Dutch venture capital firm Prime Ventures, on the sale of Forcare to Royal Philips. Forcare, founded in 2006, is a leading innovator in open-standards based interoperability software solutions for fast and flawless data flows between medical systems and information sources at the departmental and enterprise levels, as well as Health Information Exchanges across health systems.
We advised Prime Ventures as lead investor of a financing round of Tripaneer. Tripaneer.com is a fast growing company that develops online marketplaces for multiple-day theme vacations.
We advised NPM Capital in connection with the acquisition of a majority shareholding in Ultimaker, global leader in desktop 3D printing. NPM Capital’s investment will allow Ultimaker to accelerate product development and invest in additional sales, marketing and R&D resources, which will help Ultimaker to expand on their global market position.
We advised BioGeneration Ventures and regional development agency InnovationQuarter on their seed investment in VarmX B.V., a spin-out company of the Leiden University Medical Center in the Netherlands. The mission of VarmX is to develop and manufacture therapeutic proteins to instantaneously restore blood clotting in bleeding patients.
We advised Luxexcel and its existing investors SET Ventures, Munich Venture Partners and Flemish regional investment fund PMV in their follow-on investment in Luxexcel, the only company in the world which can 3D print lenses. The financing round for an aggregate amount of up to US$10 million, was led by USA based KLA-Tencor Corporation, which participated in this round both financially as well as through in-kind industrial cooperation with Luxexcel.
NIBC has taken a 30% stake in FinTech company Flinqer, a platform for cashflow management and dynamic discounting. This investment expands NIBC’s range of solutions for entrepreneurs. The investment also enables Flinqer to finance its ambitious growth plans. We advised Flinqer in connection with this transaction.
We advised Standard Investment and Foreman Capital on the acquisition of Bosal-Sekura Industries A/S from the BOSAL Group. The company, which continues as Sekura Cabins A/S, is the European market leader in top-quality space frame cabs for construction/mining, forestry, agricultural and industrial vehicles. The company’s production facility and headquarters are located in Randers, Denmark. Sekura Cabins offers employment to around 130 people and has a turnover of approximately 230 million Danish crowns (over 31 million Euro).
We advised NPM Capital on its investment in Picnic, an online supermarket operating in Dutch cities including Utrecht, Amersfoort and Almere. It recently announced that it will soon also begin serving Delft, Leidschendam, Voorburg, Nootdorp, Ede and Veenendaal. Picnic has grown at an explosive pace since it was launched eighteen months ago. Picnic is receiving 100 million euros of additional capital from four Dutch private equity firms. In addition to NPM Capital, private equity firms De Hoge Dennen, Hoyberg and Finci are participating in the investment. The joint investment will enable Picnic to realize its ambitious growth plans.
We advised SET Ventures with its investment in Elmodis, an industrial internet of things start-up based in Poland. SET Ventures invested US$ 4.9 million together with Intel Capital and Innovation Nest. Elmodis provides an integrated hardware and cloud based software solution that monitors the performance of industrial machines powered by electric motors in real time.
We advised Dutch Bakery, a portfolio company of Standard Investment, on the acquisition of PB Bake-off. The company, incorporated in 1991, is one of the leading producers of Viennoiserie (luxury sweet pastry), croissants and cheese stems in the Netherlands and will be integrated into Dutch Bakery. The acquisition fits perfectly with Dutch Bakery’s strategy, among other things because Dutch Bakery will have access to significant additional production capacity. For example, PB Bake-off has a state-of-the-art croissant line with a capacity of 140 million croissants per year and the company has a very large freezer facility. This will further facilitate the rapid growth of Dutch Bakery. The transaction also offers good opportunities for widening the Dutch Bakery assortment and increasing the sales market for PB Bake-off.