Main Capital Partners Closes €520M To Grow European Software Companies

The fund received support from both new and existing investors. It was co-led by Lexington Partners and StepStone Group, with Trinity River Holdings, LP acting as sub-lead.

The continuation fund was set up to buy partial stakes in three companies already held by Main Capital Partners: SDB (Netherlands), MACH (Germany), and Björn Lundén (Sweden). These firms operate in enterprise software, covering sectors like healthcare, govtech, and financial administration.

Read Also - Robinhood Launches Advanced Trading Platform ‘Legend’ In The UK

Main Capital Partners plans to support their growth through further expansion and acquisitions.

The fund gives existing investors the option to either cash out or stay invested. It also provides the companies with more time and capital to grow under Main’s guidance.

Charly Zwemstra, Managing Partner and CIO at Main Capital Partners, says, “For over 20 years, Main Capital Partners has proven itself a leader in enterprise software investing. This transaction aligns perfectly with our strategy to build large and resilient software groups.”

“We are proud of what we have achieved in partnering with these companies and their management teams so far. We are fully dedicated to continuing to build large and international software groups in our core product markets, HealthTech, GovTech and Financial Administrative software.”

Main Capital Partners is a software-focused private equity firm managing around €6.5 billion in assets. It operates across the Benelux, DACH, France, Nordics, and the U.S.

With 20+ years of experience, the firm works closely with management teams to grow businesses and build strong software groups.

Main has 90 employees and offices in The Hague, Düsseldorf, Stockholm, Antwerp, Paris, and an affiliated office in Boston. Its portfolio includes over 45 software companies employing more than 12,000 people.

Speaking on the latest development, Jorn de Ruijter, Head of Fund Structuring and Investor Relations at Main Capital Partners, says, “This transaction has provided our investors with optionality to take liquidity at a market-driven price or continue to stay invested and profit from future upside, while allowing the portfolio companies the opportunity to continue pursuing their growth ambitions, a great result for all parties involved.”

“We look forward to partnering with Lexington Partners, StepStone Group and Trinity River Holdings, LP on this new fund and continuing to support our portfolio companies for the years to come.”

Lexington Partners is a global investment firm focused on secondary private equity and co-investments. With over 30 years in the market, it has managed $76 billion in capital and completed more than 1,000 transactions, acquiring over 5,000 interests. The firm operates across North America, Europe, Asia, and Latin America.

StepStone Group is a private markets investment firm offering investment solutions, advisory, and data services. As of December 31, 2024, it managed nearly $698 billion in total capital, including $179 billion in assets under management. Its clients include pension funds, sovereign wealth funds, insurers, endowments, and family offices. StepStone builds portfolios across private equity, private debt, infrastructure, and real estate.

About Main Capital Partners

Founded in 2003, Main Capital Partners is a leading software-focused private equity firm active in the DACH region, Benelux, the Nordics, and the United States. With over 20 years of experience, Main partners closely with management teams to drive profitable growth and build larger software groups.