Ergon Capital to acquire a minority stake in Sofico.

Ergon Capital, a private equity firm agreed to acquire a minority stake in Sofico, a niche specialist, focussed on providing software solutions for automotive finance, leasing management, fleet management and mobility management companies. Financial terms were not disclosed. “Building on a successful few years, with record figures in 2019, we have now laid out a strategy for sustained long-term success. Sofico has grown from the grassroots as a privately owned company, allowing us to focus autonomously on long- term objectives. As we greatly value this identity, we have been looking for a financially solid and stable partner that is willing to take a minority position, supports our long-term vision for the company, believes in sustainable value creation and shares our DNA and entrepreneurial spirit. In Ergon Capital we have found a partner that ticks all these boxes, for all our stakeholders," Gémar Hompes, Sofico Managing Director.