Houlihan Lokey Advises MML Capital Partners

Transaction: MML Capital Partners - TMC - Apheon

Houlihan Lokey is pleased to announce that MML Capital Partners has invested in TMC alongside the management team and Apheon. This transaction closed on December 12, 2024.

Founded in 2000 and headquartered in Eindhoven, Netherlands, TMC is a mission-critical partner for international technology and R&D consulting. TMC provides unique know-how and expertise to collaborate with blue-chip clients in dynamic and fast-growing market sectors such as technology and engineering, life sciences and pharma, energy and renewables, and digital and IT. TMC has developed a unique engineer-centric “employeneurship model,” becoming the home of choice for engineers, scientists, and digital experts, empowering them to excel in challenging roles while fostering professional growth. TMC is active in 16 countries and employs 2,750 people globally.

TMC’s founder and management team will also reinvest significantly, emphasising their dedication to the company’s future. This new capital structure strengthens TMC’s ability to expand into new markets and develop cutting-edge capabilities for clients, thereby solidifying its position as the top global destination for high-tech engineering and digital talent.

Since Apheon acquired its majority stake in TMC in 2019, the company has achieved remarkable growth, nearly tripling its revenues to an expected €275 million by the end of 2024. This success has been driven by significant organic expansion across established geographies, including the Netherlands, Belgium, and France, while also entering exciting new markets such as Germany, Spain, the U.S., the UAE, and Tunisia. Together, Apheon and MML will provide the capital and expertise to support TMC’s ambitious plans for strategic expansion and acquisitions.

Houlihan Lokey was mandated for its strong track record and expertise in the technology consulting and digital and IT services space, as well as its international footprint and local coverage. The firm served as the M&A advisor to MML Capital Partners.

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