French private equity company Apax Partners (Apax) has acquired the Dutch IT company Odin Groep (Odin) from Fortino Capital. Odin came into the hands of Fortino Capital in 2019. Since then, Odin with 650 employees managed to double its turnover to €140 mln in 2021.
Odin manages online computer workstations, with which employees of companies have access to the right applications and data. Contrary to most competitors, it does not only provide cloud services by, for example, Microsoft, but also manages its own data centre. Under the wings of Apax, Odin will continue to further expand in the Netherlands and also expand to Germany and Belgium.
'Great teamwork on a cross-practice group basis in an intense M&A project. A clear example of an accelerated deal in which Apax Partners successfully ended up ahead of the pack in this competitive auction. Jeanine Evertse had only just made her landing and really hit the ground running in November, returning from our offices in New York. Together with Frans Ruijs on her side, they drove the deal across the finish line for Apax. Proud also of our broader team pulling some stunts in setting new standards in the market', says lead partner on this transaction, Gaike Dalenoord.
The core team consisted of: Gaike Dalenoord, Jeanine Evertse, Frans Ruijs (Corporate/M&A), Jules van de Winckel and Sanne Meester (Corporate Notarial), David Vietör, Jinne van Belle, Stephan Huis in het Veld (Finance).
The team further consisted of: Ole de Vries, Ernst van de Luijtgaarden, Fleur Terlouw, Mariska Kamta (Corporate/M&A), Nima Lorje, Jasmijn van Koetsveld, Jurriaan Bos (Competition), Daniël Kuiper, Arjan Koorevaar (Employment), Cyril Christiaans, Eva Reinders, Tom de Smet (Information Technology), Martin Plak (Privacy), David Wumkes, Youri Jansen (Real Estate Owned), Florine Oosterloo (Insurance), Madelon de Blok (Real Estate Lease), Fleur Folmer, Jesper Vrielink (Intellectual Property), Jolize Lautenbach, Ruben Rekers (Regulatory).