Main Capital acquires a majority stake in Onventis.

Main Capital, in conjunction with the Onventis management team, has acquired a strategic stake in Onventis, a cloud-based platform provider for e-procurement. Financial terms were not disclosed. Through its rich set of functionalities, Onventis’s software offers both buyers and suppliers a user-friendly and fully-integrated suite to connect, automate and control the entire chain from sourcing to payment. “With their strong expertise and network in the software sector, the team from Main Capital Partners constitutes the ideal partner for our envisioned growth strategy. Our Mittelstand-focused e-procurement solutions are quickly gaining market share, which helped Onventis achieve another record year in 2018. Together with our new partner, we will continue this success story by further expanding our product portfolio and widening our geographical reach.” Frank Schmidt, Onventis CEO.