Amsterdam – CFI is delighted to announce that it has acted as the exclusive corporate finance advisor to Main Capital Partners and Mr. Johan Zandbergen, in the sale of ChainPoint, to Source Intelligence, a portfolio company of ParkerGale Capital.
ChainPoint is a specialised, global vendor of SaaS supply chain sustainability software for compliance, transparency, and ESG claim verification. It was founded in 2003 by Mr. Johan Zandbergen and has offices in Arnhem, The Netherlands (HQ), Bonn, Germany and Nantes, France. ChainPoint’s advanced data model builds on multiple chain of custodies that facilitate customers worldwide with monitoring and managing supply chains whilst enhancing transparency towards customers and other stakeholders. ChainPoint’s platform is used by over 70,000 companies globally and trusted by world-leading brands such as Better Cotton Initiative (i.e. H&M, Adidas, IKEA, etc.), Tony’s Chocolonely, John Lewis, and Next.
About Source Intelligence
Source Intelligence delivers services and software that streamline the evolving complexities of product compliance and ESG management. The SaaS company, based out of San Diego, California, provides fully scalable solutions for Product Compliance, Responsible Sourcing, Sustainability, and Parts Obsolescence that can be configured for the unique needs of every enterprise. Source Intelligence is active in, among others, the Retail, Electronics, and Manufacturing industries. Source Intelligence has entered a partnership with ParkerGale Capital in 2021. ParkerGale Capital is a private equity firm based in Chicago, USA, that invests in founder-owned technology companies and corporate carve-outs where the firm’s operating resources can have a meaningful impact on the outcome.
About the transaction
ChainPoint is at an inflexion point for sustained growth, fueled by increasing consumer demand for sustainable and healthier products as well as (upcoming) ESG regulation and reporting requirements. Businesses are investing significant resources for creating operational structures and processes to meet and comply with ESG goals and directives.
In true partnership, ChainPoint management and Main Capital Partners have successfully developed the company into a recurring SaaS business with a blue-chip international client base across various industries. Furthermore, a continuous focus on innovation has resulted in a modern and scalable tech platform allowing ChainPoint to execute its growth strategy for the coming years.
Following the transaction, ChainPoint will establish a European presence for Source Intelligence. There is a strong strategic fit between the two companies, both supporting their clients in managing and improving sustainable supply chains while reducing costs and risks. Together they can offer a broader solution that will add value to their clients and other stakeholders worldwide.
CFI’s role in the process
Following previous successful exit processes with Main Capital Partners, such as Ymor and Sofon, CFI was hired again to entertain interest from potential strategic partners with a global footprint, to support international sales and distribution for ChainPoint. CFI attracted strong interest from both SaaS platforms (in ESG and/or supply chain technology) as well as from Testing, Inspection and Certification (‘TIC’) companies in a competitive, international process. Source Intelligence and ParkerGale Capital provided the best terms and strategic fit going forward and CFI led the negotiations that resulted into a successful transaction on 15 May 2023.
Pieter van Bodegraven, Chairman at ChainPoint and Senior Partner at Main Capital Partners, comments: “GRC and compliance-related software segments are part of our key focus areas within Main Capital Partners. During our investment period, we were able to help scale up the organisation internationally while accelerating the company’s growth strategy in an increasingly profitable way.
We hired CFI to help us find the optimal transaction partner for ChainPoint. Their expertise, international reach and determination were instrumental to our process and I am thankful to CFI for securing this outcome.”