Acquisition of Arcus IT by Egeria realizes successful exit for Pride Capital Partners

Arcus IT and Pride Capital Partners have completed their joint ride with the exit to Egeria. Pride Capital Partners supported Arcus IT in its buy-and-build strategy since Q2 2020.

Arcus IT is a managed services provider founded by Rob Verbeek in 2016. Arcus IT started by acquiring two divisions of Walbeek Group with a team of 18 employees. After the most recent acquisition of Accent, the company has grown to a team of > 250 employees. Arcus IT has become a leading platform in the managed services industry with local coverage in all regions in the Netherlands with offices in Zwolle, Rotterdam, Amersfoort, Den Bosch, Hengelo, Emmen and Sneek.

The journey with Pride Capital Partners
Pride Capital Partners joined Arcus IT as its financial partner to continue buy-and-build. In the initial year already 4 acquisitions were realized by adding Syson, Phylax ICT, ICTaurus and Itass to the group. In the second year there was a strong focus on integration, as all companies were rebranded to a division of the Arcus IT Group.

In 2021, Pride provided another tranche of financing, which was already upfront committed as a hunting line for buy-and-build. DifferIT was acquisition number 10 for Arcus IT with another strategic angle. DifferIT is a dedicated AFAS reseller with a strong presence in the Healthcare and Accountancy verticals, which strengthens the position of Arcus IT in these segments, while expanding its product and services portfolio.

Pride supported Rob Verbeek in sourcing targets, deal structuring and as a financier together with Rabobank. As a specialized investor in IT companies, Pride brings experience in buy-and-build and a network of IT entrepreneurs in the Benelux and DACH to the table.

Lars van ‘t Hoenderdaal, Managing Partner Pride Capital Partners: ‘Arcus IT is a perfect example of how Pride can give a boost to management and shareholders in realizing their growth ambitions. The managing shareholders were able to use our capital for buy-and-build with limited dilution before selling the majority for the next phase of growth’.

Rob Verbeek, CEO Arcus IT: ‘We started our collaboration with Pride Capital in the Covid-year 2020, and it shows that Pride has a very entrepreneurial attitude that we were able to close our deal considering the lockdowns and market turmoil of that moment. The Pride Capital approach fits perfectly with our own strategy. Working together enabled us to quickly double the business again, and strengthened our position in the negotiations with Egeria. Lars and his team are a pleasure to work with!’

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About Pride Capital Partners
Pride Capital Partners supports and invests in profitable and growing businesses in the Software and IT industry. By combining private debt and equity, Pride Capital Partners enables software and IT entrepreneurs in realizing their growth ambitions. Typical scenarios include growth, acquisitions and management buy-out (MBO) transactions. The focus is on Benelux, DACH-region and Nordic companies. Pride Capital Partners has offices in Amsterdam and Cologne.

The funding of Pride Capital Partners is provided by its own shareholders, institutional investors, wealthy individuals, family offices and (former) entrepreneurs. The portfolio includes Blue Field Agency, The Valley, Spotzer Digital, Fivespark, Fairbanks, Netaxis, ScanmarQED and Archipel Academy and DACH-companies Wagawin, GBC Gruppe, Architrave, Kendox, moveXM, eKomi and Link 11.