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Announced

Completed

Vortex Capital Partners-backed MyBit Group completed the acquisition of Ibuildings.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Netherlands

custom software

Completed

Private Equity

Software

Acquisition

Domestic

Majority

Private

Friendly

Single Bidder

Synopsis

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Vortex Capital Partners-backed MyBit Group, a specialist in custom software development, completed the acquisition of Ibuildings, a provider of custom software to companies and institutions. Financial terms were not disclosed. “Developing and managing state-of-the-art business-critical applications, robust development quality, passion for technology, this calling card from Ibuildings fits seamlessly with the DNA of the MyBit Group. We are pleased with the connection of Ibuildings to the MyBit Group and thus strengthen the position of the MyBit Group as a supplier of first-class custom software from Dutch soil. It fits perfectly within the buy-and-build strategy that we have developed together with investor Vortex Capital Partners,” Marcel Flipse, MyBit Group CEO.

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