Houlihan Lokey Advises Onventis

Houlihan Lokey is pleased to announce that Onventis (the company), a portfolio company of Main Capital Partners, has been acquired by Keensight Capital.

Onventis has been a cloud pioneer in the digital transformation of purchasing and finance processes since 2000. The cloud-based software Onventis Buyer is an all-in-one procurement SaaS system that helps companies to manage their business spend in order to achieve financial control, efficiency, compliance, and cost savings. It streamlines and automates all processes from source to pay, including network collaboration with suppliers. The Onventis Network connects business processes for buyers and suppliers simply and securely. Worldwide, more than 1,000 companies with approximately 450,000 users in the Onventis Network handle an annual business volume of over €10 billion with more than 50,000 suppliers.

Keensight Capital (Keensight), one of the leading European growth buyout firms, is committed to supporting entrepreneurs as they implement their growth strategies. For more than 20 years, Keensight Capital’s team of seasoned professionals has leveraged its knowledge of investment and growth industries to invest for the long term in profitable companies with high growth potential and revenues in the range of €10 million to €400 million. Drawing on its expertise in the technology and healthcare sectors, Keensight identifies the best investment opportunities in Europe and works closely with management teams to develop and achieve their strategic vision. Keensight Capital's success has also earned it a Gold Award from the Private Equity Exchange & Awards every year for the past six consecutive years, and in particular, the Best European Growth Private Equity Fund.

Main Capital Partners is a leading software investor in the Benelux, DACH, and Nordic regions. Main has almost 20 years of experience in strengthening software companies and works closely together with the management teams of its portfolio companies as a strategic partner in order to realize sustainable growth and build excellent software groups. Main has 60 employees in offices in The Hague, Stockholm, Düsseldorf, Antwerp, and Boston. As of October 2021, Main has more than €2.2 billion in assets under management. It has invested in more than 150 software companies to date. These companies have created jobs for approximately 9,000 employees.

Houlihan Lokey served as the exclusive financial advisor to the shareholders. The transaction further enhances Houlihan Lokey’s extensive track record and deep expertise across procurement and spend management software.