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Argon & Co expands its presence into Germany

Bridgepoint

Bridgepoint portfolio company Argon & Co, the global management consultancy that specialises in operations strategy and transformation, is delighted to announce it has been joined by Advyce & Company.

Founded in 2014, Advyce & Company has consultants based across the DACH region (Germany, Austria and Switzerland). Its deep-rooted expertise in transformation and strategy is paired with a strong footprint in automotive, industrial, energy and utilities and financial services.

The merger will blend the regional market knowledge and trusted C-level advisory capabilities of Advyce & Company with Argon & Co’s strong global network and operations expertise.

Together, the two companies can support clients as trusted advisers within the DACH region, helping them navigate growth markets, optimise performance and manage industry consolidation, all while achieving sustainable value.

Burkhard Wagner, Co-CEO and Co-founder of Advyce & Company, joins Argon & Co as Partner in Germany. He says: “I firmly believe that our merge with Argon & Co is a strategic step towards creating a powerhouse in management consulting. By combining our deep expertise in transformation and restructuring, our innovative mindset and strong client relationships with Argon & Co’s global reach and excellence in operations consulting, we are building a firm that will set new standards in the industry.”

Marc Staudenmayer, Co-CEO and Co-founder of Advyce & Company, also joins Argon & Co as Partner. He comments, “When we founded Advyce in 2014, our ambition was to rethink consulting in the DACH region – with bold thinking, real impact and a strong entrepreneurial spirit. Today, as we join forces with Argon & Co, we are taking that ambition to the next level. Together, we’ll continue to challenge conventional thinking, stay close to our clients and drive lasting change – across industries and borders.”

Jean-François Laget, Group CEO of Argon & Co, says, “I am delighted to welcome Advyce & Company. This is a fantastic fit culturally and strategically, and their cross-industry expertise within the DACH region will help Argon & Co offer even greater value to clients locally and globally.”

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MaxContact Strengthens AI Capabilities Through Acquisition of Conversational AI Firm, Curious Thing

FPE Capital

We are pleased to announce that MaxContact, a leading provider of customer engagement solutions, today announced its acquisition of Curious Thing, a conversational AI platform.

MaxContact was FPE’s seventh investment from FPE Fund II, the firm’s second specialist software and services fund. The move will significantly enhance MaxContact’s current AI capabilities while maintaining the company’s commitment to balancing technology with meaningful human connections in contact centres.

Integrating Curious Thing’s advanced conversational AI platform into MaxContact’s existing suite of solutions will accelerate the company’s product roadmap and provide clients with more sophisticated tools to enhance customer experiences. It also represents an exciting next step that builds upon MaxContact’s established AI offering, particularly its Spokn AI platform, which currently provides advanced speech analytics that helps businesses understand the ‘why’ behind 100% of contact centre conversations. The recent launch of Success Intelligence, an enhancement to Spokn AI that reveals the DNA of successful sales conversations through AI-powered analytics, further demonstrates MaxContact’s ongoing commitment to innovation in this space. Curious Thing’s conversational AI technology will strengthen these capabilities with the introduction of AI agents for sales, debt collection and customer use cases.

Ben Booth, CEO of MaxContactThe strategic acquisition of Curious Thing represents a major milestone in our AI strategy. We’ve always believed that the best conversation outcomes come from empowering human agents with the right technology, not replacing them. Curious Thing’s AI abilities will therefore help our clients’ contact centre teams become more efficient while maintaining that crucial human connection. We’re seeing a significant shift in how UK businesses approach customer engagement and digital transformation. Our clients are looking for solutions that empower their teams with AI-driven insights and assistance while preserving the authenticity and empathy that human agents can provide. This acquisition positions us perfectly to meet that need.

Chris Kay, Partner at FPEWe are thrilled to support MaxContact as they take this next strategic step. The acquisition of Curious Thing not only strengthens MaxContact’s AI capabilities but also reinforces our commitment to backing ambitious, innovative software companies. MaxContact is well-positioned to deliver enhanced solutions to their clients and drive continued growth in this rapidly evolving space.

The FPE investment was led by Chris Kay, Dan Walker and Sam Greenberg. MaxContact was advised on the transaction by Stephenson Harwood and Corrs Chambers Westgarth (Legal).

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Ratos announces changes in the Management Team

Ratos

As communicated earlier Anna Vilogorac joins Ratos as the new CFO of Ratos, succeeding current CFO Jonas Ågrup who is retiring. Wilhelm Montgomery, current Director of Strategy & Operations at Ratos, has been promoted to Vice President of Strategy & Investments and joins the Ratos Management Team. The new role has been added to the Management Team to reflect our increased commitment to strategic execution and investments.

All changes are effective as of today, May 21, 2025.

“I sincerely want to thank Jonas Ågrup for his instrumental contributions to Ratos, highlighting the introduction of centralised financing and his role in the transformation of Ratos from an investment company into a business group. Jonas’ extensive experience and broad expertise have made him a highly respected and valued member of the Group Management Team.

I am very pleased to welcome Anna Vilogorac as the new CFO at Ratos. Her broad financial background and experience in investor relations make her an ideal fit for the role. Anna brings all the necessary capabilities to support Ratos continued transformation into a more streamlined and focused group.

I am also pleased to announce the addition of Wilhelm Montgomery to the Ratos Management Team as Vice President of Strategy & Investments. Wilhelm leads our corporate strategy development and execution and therefore plays a key role in streamlining our operations.

I am confident that Ratos has the committed management team and leadership in place that we need for continued value creation for our stakeholders,” says Jonas Wiström, President & CEO Ratos.

Ratos Management Team as of May 21, 2025

  • Jonas Wiström
    President & CEO and Board member
  • Anna Vilogorac
    Chief Financial Officer & IR
  • Katarina Grönwall
    Vice President Communications & Sustainability
  • Christian Johansson Gebauer
    President Business Area Construction & Services
  • Wilhelm Montgomery
    Vice President of Strategy & Investments
  • Anders Slettengren
    Executive Vice President
  • Magnus Stephensen
    General Counsel

For more information, please contact:
Katarina Grönwall, Vice President Communications & Sustainability
+46 70 300 35 38, katarina.gronwall@ratos.com

Jonas Wiström, President & CEO
+46 8 700 17 00

About Ratos
Ratos is a Swedish business group focusing on technological and infrastructure solutions, consisting of 14 companies divided into three business areas: Construction & Services, Industry and Consumer. The companies have approximately SEK 32 billion in net sales 2024. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in Execution and It’s All About People. We enable independent subsidiaries to excel by being part of something larger. People, leadership, culture and values are key focus areas.

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Sterimed welcomes IK Partners and new partners alongside its longstanding investors

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IK Partners

IK Partners (“IK”) is pleased to announce that it has invested in Sterimed Group (“Sterimed” or “the Group”), a leading provider of sterile medical packaging solutions, as part of a management-led consortium. The consortium includes long-term investor Sagard, which has reinforced its position by increasing its investment, as well as a club of new investors Société Générale CP, Geneo CE, Capza and Investir pour l’Enfance, under the name of “Friends of Sterimed”. The families and entrepreneurs who have historically invested in Sterimed have also all chosen to remain shareholders in the Group by joining the “Friends of Sterimed”. Financial terms of the transaction are not disclosed.

Founded in 2016 by CEO Thibaut Hyvernat, who led a carve-out from Arjowiggins, Sterimed has established itself as a leading integrated sterile flexible medical packaging player globally. Headquartered in Boulogne-Billancourt, Ile-de-France, the Group produces medical grade paper, film substrates and assembled packaging, such as pouches, bags and wraps, for medical device manufacturers (“MDMs”), hospitals and intermediaries known as convertors. Sterimed counts leading MDMs, as well as key hospital organisations, among its large and diversified client base.

In recent years and with the backing of Sagard, Sterimed has embarked on a strategy of internationalisation in markets beyond Europe, most notably China, Mexico and the US, via eight strategic acquisitions. At present, the Group has more than 1,500 employees across 14 production sites and 24 warehousing and sales offices.

With the support of the entire consortium over the next few years, Sterimed aims to drive continued organic growth by expanding globally into less penetrated markets, cross-selling new products to existing clients and leveraging synergies from recent acquisitions. The Company also plans to support innovation in core and new markets, pursue further acquisitions and enter strategic adjacent sectors such as Pharma and Life Sciences.

Thibaut Hyvernat, Chairman and CEO of Sterimed, said: “I am proud of the journey Sterimed has taken over the past eight years as well as the unique, entrepreneurial spirit we’ve managed to cultivate alongside rapid growth. We’d like to thank Sagard and our existing partners for their guidance while accompanying us on the journey and are pleased that they have chosen to renew their investment in the Group on this next phase of growth. We are very excited to welcome IK as a new partner to the Sterimed business as we aim to continue our growth in international markets. The IK team has a great deal of experience in the Healthcare sector, as well as a proven track record of supporting European businesses seeking global expansion.”

Vincent Elriz, Partner at IK Partners and Advisor to the IK X Fund, added: “We are delighted to partner with Thibaut, his team, Sagard and all shareholders as Sterimed embarks on its next phase of development. The Group has delivered strong growth in recent years through the expansion of its product portfolio for both MDMs and hospitals, as well as a targeted M&A strategy. With the IK Platform, we are confident in our ability to further support the Group’s growth trajectory, both organically and through strategic add-on acquisitions.”

Saïk Paugam, Partner at Sagard, commented: “We are extremely proud of Sterimed’s journey since our investment in 2019. Thanks to the combination of eight carefully integrated acquisitions and ambitious organic growth initiatives through sustained investments, Sterimed has consolidated its position as a world-leading medical sterilisation packaging player. This outstanding performance has been driven by both the expertise of an outstanding management team and the continued internationalisation of the business. We look forward to continuing to work with Thibaut and his team on this next stage of the Group’s story, with the added experience of IK.”

For further questions, please contact:

IK Partners
Vidya Verlkumar
Phone: +44 (0)7787 558 193
vidya.verlkumar@ikpartners.com

 

About Sterimed

Over the past five years, Sterimed has experienced sustained growth, both organically and through strategic acquisitions, increasing its revenue from €135 million to over €300 million. This success has been driven by more than 1,500 highly committed employees, more than half of whom are shareholders in the group. Sterimed is now among the global leaders in medical packaging and aims to reach €600 million in revenue by 2030 while advancing its vision: “Pioneering a responsible medical packaging industry, we work together for the highest patient safety.” Its ambition remains unchanged: to serve all its customers—medical device manufacturers, hospitals, the pharmaceutical industry, and specialized packaging companies—with the highest quality and ever-greater patient safety. For more information, visit sterimed.fr

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About IK Partners

IK Partners (“IK”) is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €19 billion of capital and invested in over 200 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit ikpartners.com

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About Sagard

Sagard is a French investment fund that provides equity capital to support the development of mid-sized companies led by ambitious teams. Founded in 2003 with the support of the Desmarais family, Sagard’s investors include leading industrial families and top-tier institutional investors. Since its creation, Sagard and its team of 14 professionals based in Paris and Milan have invested in 50 industrial and services companies in France. For more information, visit www.sagard.eu

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Sale Of Shares In Netel Holding AB

IK Partners

Cinnamon International S.à r.l. (whose majority shareholder is the IK VII Fund) (“IK Partners”) has successfully completed the sale of 22,641,829 ordinary shares in Netel Holding AB (publ), equal to approximately 46.7 percent of the share capital and votes of Netel, at a price of SEK 8.50 per share.

The shares were sold to a broad group of investors, including among others Etemad Group AB, Netel’s CEO and President Jeanette Reuterskiöld and CFO Fredrik Helenius. Other investors participating in the sale include, among others, TAMT AB, Stefan Lindblad, S- bolagen AB, Santhe Dahl Invest AB, Bernt Ivarsson and Cicero Fonder.

“We would like to thank IK Partners for their support during Netel’s growth journey,” says Alireza Etemad, Chairperson of Netel. “I am pleased to see strong commitment and trust from Board members, management, as well as new and existing shareholders for the future of Netel. We look forward to supporting Netel as it continues to deliver on its strategy as a leading specialist in critical infrastructure in Northern Europe.”

Following the sale, IK Partners no longer holds any shares in Netel.

Polar Advisory acted as Sole Manager and Bookrunner in the sale.

Contacts

Jeanette Reuterskiöld, President and CEO, +46 (0) 702 28 03 89, jeanette.reuterskiold@netel.se
Fredrik Helenius, CFO, +46 (0) 730 85 52 86, fredrik.helenius@netel.se
Åse Lindskog, IR, +46 (0) 730 24 48 72, ase.lindskog@netelgroup.com

About Netel

With 25 years of experience, Netel is a leader in the development and maintenance of critical infrastructure within Infraservices, Power and Telecom in Northern Europe. We are involved in the entire value chain from design, production and maintenance of our customers’ facilities. We are dedicated to securing an accessible and reliable future, where technology unites and transforms society. Netel reported net sales of SEK 3,300 million in 2024 and the number of employees in the group is about 840. Netel is listed on Nasdaq Stockholm since 2021. Read more at netelgroup.com.

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CapMan Real Estate launches Leona, a new Nordic residential concept

CapMan Real Estate launches Leona, a new Nordic residential concept

CapMan Real Estate has launched Leona, a new Nordic rental housing concept designed to provide Effortless Living to its clients. Leona, launched in May 2025 in Finland and set to expand to Denmark and Sweden in the near future, focuses on client experience and ease of living by utilising modern digital solutions. What differentiates Leona from the competition is the combination of quality housing, a user-friendly tenant app, an increased service offering, and the flexibility to move between Leona homes.

At the heart of Leona is the goal of making tenants’ everyday life more effortless and enjoyable. Clients will benefit from the MyLeona digital platform and mobile tenant application, which allow for the effortless management of all aspects of rental housing, from parking space and sauna bookings to club and laundry room reservations, as well as interactive maintenance requests. The Leona Plus programme, developed in collaboration with CaPS Procurement Services, offers exclusive benefits for clients, including practical housing-related services that support everyday living, along with wellness and travel benefits. Furthermore, Leona Flex enables tenants to transition smoothly between Leona apartments, ensuring their home can adapt to their changing needs and circumstances.

“Leona represents our ambition to reshape rental living to better serve the needs of a modern Nordic client. We believe that a highly digitalised and user-friendly tenant platform coupled with a market-leading service offering will drive occupancy, tenant retention and client satisfaction across our growing residential portfolio,” shares Ilkka Tomperi, COO and Partner at CapMan Real Estate.

CapMan Real Estate is a Nordic property investor managing approximately €5.5 billion in real estate assets (GAV), with a team of over 80 professionals located in Helsinki, Stockholm, Copenhagen, Oslo, London and Jyväskylä.

For more information, please contact:

Ilkka Tomperi, COO & Partner, CapMan Real Estate, ilkka.tomperi@capman.com

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €6.4 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com

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Lido Advisors Enters into Strategic Partnership with HPS to Support Continued Growth

Charlesbank

LOS ANGELES – May 21, 2025 – Lido Advisors (“Lido”), a leading wealth advisory firm with over $30 billion in assets under management, today announced a strategic partnership with investment funds managed by HPS Investment Partners (“HPS”), a leading global alternative investment firm with approximately $150 billion in AUM. HPS joins Lido’s existing partner Charlesbank Capital Partners (“Charlesbank”) and more than 135 Lido employee-owners to support the firm’s continued growth and long-term vision.

Founded in 1999 and headquartered in Los Angeles, Lido delivers a personalized, family office-style experience to high-net-worth individuals, families, and institutions – offering a holistic approach to wealth advisory that includes investment management, estate and tax planning, and access to alternatives strategies. With the support of Charlesbank, Lido has significantly scaled its business, driven by a mission to help clients grow and protect their legacies. Lido’s new partnership with HPS further enhances the firm’s ability to strategically expand its business over the long term.

“This partnership with HPS marks an exciting new chapter for Lido, and we are extremely well positioned to continue our momentum delivering for our clients and team,” said Jason Ozur, CEO of Lido. “I’m incredibly proud of the growth we’ve achieved the past four years while staying true to our client-first values. Lido’s success has been a true team effort, and I’m especially happy for our more than 135 employee-owners, many of whom joined us through mergers, believing in our mission and growth trajectory. Seeing their commitment rewarded is one of the most fulfilling parts of this journey.”

“We are thrilled to partner with the HPS team. Their collaborative approach and long-term vision align perfectly with our goals, and we’re eager to begin this next phase of growth together,” added Mr. Ozur. “We are deeply grateful to Michael Choe, David Katz, Mutian Rui, Andrew Jackman, and the entire Charlesbank team for their exceptional partnership over the past four years. Their strategic guidance and alignment with our values played a critical role in our success, and we look forward to entering Lido’s next phase together.”

Charlesbank will continue its partnership with Lido. “Lido’s growth has been extraordinary, and we want to congratulate Jason, Ken, and the entire Lido team on their accomplishments,” remarked Michael Choe, Managing Director & CEO of Charlesbank. “We are pleased to welcome HPS as Lido begins this new chapter.” David Katz, Managing Director of Charlesbank, added, “Lido has made extensive investments in its team and capabilities in recent years, establishing the firm as a standout in the wealth management space. We’re excited to continue our partnership as Lido builds on its innovative strategies and differentiated client-first service model.”

Ken Stern, President of Lido, concluded, “Our new partnership with HPS validates the strength of our platform and underscores the significant opportunities ahead. Lido is extremely well positioned to continue growing and enhancing the services we can provide our clients.”

Ardea Partners LP served as lead financial advisor, and William Blair & Company LLC served as financial advisor to Lido. Houlihan Lokey and Piper Sandler & Co. also provided financial advice. Ropes & Gray LLP served as legal counsel to Lido and Charlesbank. Herrick, Feinstein LLP and Willkie Farr & Gallagher LLP also provided legal advice. Sidley Austin LLP served as legal counsel to HPS.

The transaction is expected to close in the third quarter of 2025.

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Qconcepts and VanLoman join forces for quality platform: independent specialists, shared vision

IK Partners

As of May 21, Qconcepts – Home of audit, and VanLoman – Trusted partner in tax, are joining forces in a strategic alliance. Both organizations will retain their independence and focus on services, but will operate with a shared vision focused on quality under the name Home of quality.

Shared vision, independent paths

Qconcepts and VanLoman were founded on the same core principles: specialization, craftsmanship and a strong focus on quality. That shared mindset is the foundation of this alliance. The platform will guide their joint ambitions in areas like growth, quality and international visibility. For professionals at both firms, daily work will continue as usual.

“What connects us is how we view our profession,” says Cor Pijnenburg, partner and co-founder at Qconcepts. “We each operate in our own domain, but recognize in each other the same sharpness, independence and drive to put quality first.” Laurens Lor, partner at VanLoman, adds: “This is a strategic step, not an organizational change. We remain autonomous, but show together what we stand for and can benefit from each other’s expertise.”

Standing strong in a complex playing field

Both firms recognize today’s challenges: changing regulations, growing customer expectations and the need to remain attractive to top talent. This alliance strengthens their position – not through integration, but by strategically standing side by side.

In the coming months, Qconcepts and VanLoman will further shape the platform. This marks a new chapter: two independent specialists, joining forces with a shared vision for the future.

This is a joint communication by Qconcepts and VanLoman. For questions, please contact:
Carlijn IJzermans, Qconcepts +31 6 – 47135170 | Aafke Berk, VanLoman +31 6 – 13024007

About Qconcepts

Qconcepts. Home of audit is an audit-focused firm with 160 experienced professionals. We specialize in mid-sized companies, healthcare, housing corporations and the non-profit sector.
Our strength lies in focus, quality and personal commitment.
Our teams consist of senior audit professionals with deep sector expertise, working in fixed client teams. This allows us to build long-term relationships and deliver audits that truly make a
difference.

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About VanLoman

VanLoman, Trusted partner in tax, is a tax advisory firm with 45 experienced professionals. We provide full-service tax advice to national and international companies as well as (high-net-worth) individuals, covering all areas of Dutch tax law.
We support our clients with tailored tax advice on mergers & acquisitions, international transactions and structures, employee participation, tax returns, transfer pricing and the setup of investment funds – fast, efficient and to the point.

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Relyon Expands Field Service Management Capabilities with Acquisition of FieldBuddy

Main Capital Partners

Relyon strengthens its market position and product flexibility by acquiring FieldBuddy, expanding capabilities for complex field service operations

May 21st 2025, The Hague – Relyon, a provider of field service management solutions, today announced the acquisition of FieldBuddy, a highly configurable SaaS field service management platform based in the Netherlands. This acquisition marks a significant step in Relyon’s growth strategy, supported by Main Capital Partners since 2021.

Founded in 2013 and headquartered in Amsterdam, FieldBuddy provides a comprehensive platform that enables service-oriented organizations to efficiently plan, manage, and optimize field service operations. The platform supports digital work orders, planning, asset management, invoicing, automation, analytics, and integration with leading ERP systems. Built on Salesforce, FieldBuddy serves approximately 100 customers and over 4,000 active users across industries such as manufacturing, energy, HVAC, and mobility.

Strategic Fit
The acquisition of FieldBuddy is highly complementary to Relyon’s existing offerings. Relyon’s flagship product, Relyon One, provides a fully standardized solution for customers seeking rapid implementation of an innovative off-the-shelf system. FieldBuddy, on the other hand, addresses the needs of clients with more complex workflows that require configuration, product flexibility and more advanced features. This combination allows Relyon to serve both needs very effectively, enhancing market coverage and solidifying the combined group’s market position. Importantly, both Relyon and FieldBuddy customers will continue to experience the same high-quality service and operational continuity they rely on today.

This strategic acquisition aligns perfectly with Relyon’s vision to become the most innovative provider of software solutions for field service professionals.

– Sjoerd Aarts, Managing Partner at Main Capital Partners

Sjoerd Aarts, Managing Partner at Main Capital Partners: “We are excited to announce this strategic acquisition, which aligns perfectly with Relyon’s vision to become the most innovative provider of software solutions for field service professionals. The integration of FieldBuddy’s advanced capabilities will significantly enhance the product offering and market reach.”

Marieke Saeij, CEO of Relyon: “We are excited to welcome FieldBuddy to the Relyon family. This acquisition represents a significant milestone in our journey to provide comprehensive and flexible field service management solutions for all customer needs. Together, we will set new standards in the industry and create real value for our customers, being uniquely well positioned to cater to both standardized and unique customer needs.”

Hans Nieuwenhuis, CEO of FieldBuddy: “Joining forces with Relyon marks an exciting new chapter for FieldBuddy. We have always believed in empowering field service professionals through flexibility and innovation, and this partnership accelerates that mission. Together, we are uniquely positioned to set new standards in field service management and unlock new opportunities for expansion and innovation across our joint markets.”

About Relyon

Relyon is a specialized provider of field service management solutions, offering innovative software to optimize field operations. With a focus on delivering high-quality, standardized solutions, Relyon serves a diverse customer base of more than 200 customers such as Pirtek, SMT, and Essilor, serving more than 6,000 end-users.

About FieldBuddy

FieldBuddy is a Netherlands-based provider of SaaS field service management solutions. Founded in 2013, the company offers a highly configurable SaaS platform built on Salesforce, serving approximately 100 customers such as Feenstra Verwarming, Van Tienen Drankautomaten, and Interparking, and over 4,000 active users across service, installation and maintenance driven end markets.

Nothing contained in this Press Release is intended to project, predict, guarantee, or forecast the future performance of any investment. This Press Release is for information purposes only and is not investment advice or an offer to buy or sell any securities or to invest in any funds or other investment vehicles managed by Main Capital Partners or any other person.

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Main Capital Partners acquires US-based financial-administrative software providers Fraxion and Centreviews

Main Capital Partners

Strategic merger enhances mid-market finance automation, uniting procurement and AP workflows to boost efficiency, compliance, and global customer reach.

May 21, 2025, Boston – Main Capital Partners continues to invest in the financial-administrative software space with a majority investment in Fraxion and the addition of Centreviews as the first add-on acquisition. This marks Main’s fourth US platform investment since opening its Boston office in 2022.

Founded in 1997 and headquartered in Seattle, Washington, Fraxion is a provider of cloud-based procurement and spend management software for mid-market organizations. Fraxion’s platform empowers finance and operations teams with the automation, visibility, and control needed to manage procure-to-pay workflows, ensure policy compliance, and drive cost-effective decision-making across the organization.

To further strengthen Fraxion’s AP automation capabilities, Main will effectuate a combination between Fraxion and Centreviews, a software business headquartered in Two Harbors, Minnesota. Centreviews’ software platform centralizes invoice processing, approvals, and payments, enabling finance teams to reduce manual tasks and processing costs, accelerate AP cycles, and ultimately improve visibility.

The combination serves a diverse client base of 500 customers across 25 countries. The solutions of both companies are sector-agnostic with customers spanning education, agriculture, healthcare, manufacturing and distribution, and non-profit and government, among other industries. Notable customers of the combined group include Subaru Research and Development, iHeart Radio, the Atlanta Hawks, Alarm.com, and Delta Airlines.

By unifying procurement and payables into a seamless platform, the combined business enables finance leaders to drive efficiency, transparency, and accountability.

– Daan Visscher, Investment Director & Co-head North America

Daan Visscher, Investment Director & Co-head North America said, “We are pleased to announce this investment in Fraxion and follow-on acquisition of Centreviews. By unifying procurement and payables into a seamless platform, the combined business enables finance leaders to drive efficiency, transparency, and accountability—key pillars of both operational excellence and ESG stewardship. We are proud to back solutions that both deliver measurable operational efficiency and align with the evolving needs of finance teams across the mid-market. These acquisitions mark the foundation of a broader buy-and-build strategy to create an intelligent spend automation platform, unlocking long-term value for our customers.”

Stanton Jandrell, CEO of Fraxion, said, “We are thrilled to partner with Main Capital Partners and join forces with Centreviews, and we see ample opportunity to capture upon a shared vision to create a strong end-to-end solution from requisition to payment through these next stages of growth.”

Joe Meyer, CEO at Centreviews, concluded, “Our team is excited about the new chapter we’re embarking on alongside the Main and Fraxion folks. I have no doubt that we’ll achieve great outcomes for our customers over these coming years as well as we continue to maintain and improve upon our product offering.”

About Fraxion

Founded in 1997 and headquartered in Seattle, WA, Fraxion is a provider of cloud-based spend management and procurement software for mid-market organizations. Fraxion’s platform empowers finance and operations teams to control, automate, and gain visibility into purchasing workflows, ensuring compliance with internal policies and enabling cost-effective decision-making across organizations.

About Centreviews

Founded in 1998 and headquartered in Two Harbors, Minnesota, Centreviews is a provider of accounts receivable and accounts payable automation and document management solutions designed to streamline back-office workflows for mid-sized and enterprise organizations. Centreviews’ software platform centralizes invoice processing, approvals, and payments, enabling finance teams to reduce manual tasks and processing costs, accelerate AP cycles, and ultimately improve visibility.

Nothing contained in this Press Release is intended to project, predict, guarantee, or forecast the future performance of any investment. This Press Release is for information purposes only and is not investment advice or an offer to buy or sell any securities or to invest in any funds or other investment vehicles managed by Main Capital Partners or any other person.

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