Announced
Completed
Synopsis
Keensight Capital, a private equity firm, completed the acquisition of Onventis, a provider of cloud procurement solutions for the middle markets of Germany, Benelux and the Nordic countries, from Main Capital, a software investor. Financial terms were not disclosed. “Onventis has a promising future ahead of itself and we are excited to approach this upcoming chapter with Keensight as our new partner. We believe that their expertise will fuel our growth and are looking forward to working together. We explicitly want to thank Main Capital Partners for the good collaboration and their support in quickly executing our jointly defined growth strategy. In just three years we were able to accelerate our growth, internationalize the company and strategically enhance the product portfolio, and this momentum will continue with our new partner Keensight,” Frank Schmidt, Onventis CEO.
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