Amsterdam – CFI Netherlands is pleased to announce it acted as the exclusive corporate finance advisor to Dotweb (also the ‘Company’), a provider of vertical market software for absence and leave management, in its sale to Visma, a portfolio company of HgCapital.
Dotweb was founded in 2004 and provides software solutions for sick leave, dossier management and control mechanisms for internal occupational health services. Dotweb also delivers solutions for health and safety services providers (ARBO diensten), corporates and authorised representatives. In 2017, Dotweb developed a new and state-of-the-art absence management application (‘Dotweb Cloud’) that is fully compliant with GDPR regulation.
With a presence across the entire Nordic region along with Benelux, Central and Eastern Europe, Visma is a leading SaaS company empowering close to one million customers running their daily business. Visma delivers software that simplifies and digitises core business process in the private and public sector. Being consistently Visma’s largest investor of the past 13 years, HgCapital recently expanded its shareholding in April 2019, in a transaction that valued Visma at EUR 6.5 billion.
Mr Marcel Kok, director and shareholder of Dotweb: “We are extremely pleased to have found a partner in Visma and we are absolutely certain that we can continue focusing on long-term growth, whilst keeping our entrepreneurial spirit.” Mr Di Leva, shareholder of Dotweb, commented on CFI’s role in the transaction: “We hired CFI because of their deep sector expertise in the Software and IT Services sector and successful track record with vertical market software clients. CFI has been a key part of the transaction, keeping up a good dialogue with Visma, and delivered a highly appreciated outcome for all shareholders of Dotweb.”
CFI was involved in the discussions and negotiations that ultimately resulted in a successful transaction with Visma on 9 July 2019.
60 % stake of
has sold 40% of the shares in
to its minority shareholders