Houlihan Lokey Advises Nedvest

Houlihan Lokey is pleased to announce that Treetop, a portfolio company of Nedvest, has been acquired by ECI Software Solutions. The transaction closed on 18 December 2023.

Treetop offers a wide range of enterprise resource planning (ERP) software and business applications that cater to the needs of small to medium-sized businesses (SMBs) in the residential construction and crafts sector in the Netherlands. Treetop was formed through a selective buy-and-build strategy with support from its majority stakeholder, Nedvest. Treetop plans to launch Treetop Online in 2024, a new cloud-native ERP software solution designed to manage construction business processes in real time for smaller construction and craft companies. Treetop’s existing products include Admicom, an all-in-one ERP software built specifically for SMB construction companies; Kraan, an ERP software platform for middle-market construction companies; Technosoft, a 2D/3D building design software for constructors; TreeICT, a managed services company; HomeDNA, an expert system that streamlines customer and quality processes in the construction industry; and Frank, a construction software application that supports those who are self-employed in construction.

Houlihan Lokey served as the exclusive financial advisor to Nedvest, the sole shareholder of Treetop.