CFI advised Ab Ovo International on its sale to Nordian Capital Partners


Amsterdam – CFI acted as the exclusive corporate finance advisor to Ab Ovo International on its sale to Nordian Capital Partners (‘Nordian’).

Ab Ovo is an international provider of enterprise software solutions serving the distinctive markets of transport and logistics. It targets several vertical market industries which require specific domain expertise and which have a flow of goods or people that require complex planning or scheduling to optimise its business processes. In this context, Ab Ovo offers best-of-breed third party technology solutions for complex issues in the areas of planning, scheduling and optimization (Advanced Planning and Scheduling or ‘APS’) to rail cargo operators, shipping companies, and a variety of passenger transport companies, infra providers and other companies where complex planning lies at the core of its business. Furthermore, it offers a proprietary order-to-cash software application for front- and back-office processes (Rail Cargo System or ‘RCS’) specifically tailored to the European rail cargo environment. Lastly it specialises in a full range of IT related consultancy and project/interim management services to logistics companies (‘Logistics Consultancy’). With a work force of over 100 employees in the Netherlands and Germany, Ab Ovo caters to blue chip clients across Europe, including the Benelux, Germany, Denmark, Norway, Sweden, Finland, Croatia, United Kingdom, etc.

Nordian Capital Partners (‘Nordian’, formerly Rabo Capital) is a Dutch mid-market private equity fund with € 300 million new committed funds. Nordian is backed by its funders Rabobank, Commonwealth Investments, a multi-family office, and PGGM Asset Management, a Dutch asset manager that manages the € 152 billion pension fund for the healthcare sector, PFZW. Nordian focusses on majority stake investments in Dutch mid-market companies, generating over € 3 million EBITDA per annum. Portfolio companies include Chrysal (post-harvest cut-flower nutrition and preservatives), Kipp & Zonen (solar and atmospheric measuring instruments), Redwave (professionals for energy sector), Vandervalk+Degroot (drain and sewer cleaning), Unicorn Grain Specialities (treated grains), Coppens (fish feeds), Dutch Grill Specialties (treated meats products), Luzac (private education), Bangkok Ranch (Peking ducks), and Koop (water management).

The transaction and Ab Ovo’s partnership with Nordian will provide access to additional capital and resources to support the next phase of the Company’s growth. This includes the ramp up of APS capabilities, consolidate its uncontested leading position in RCS with new and existing customers, and establishing a footprint in high potential growth markets in new – logistics related – sectors.

CFI facilitated discussions and negotiations with a range of potential international strategic and financial parties in a process that ultimately resulted in a successful transaction with Nordian Capital Partners, which closed 30 April 2015.

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