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Image credits: Main Capital Partners

Main Capital Partners, The Hague-based private equity firm focused on the software industry and management buyouts, announced the acquisition of a majority stake in two Dutch software companies, BCS and Pro4all.

BCS is a Human Resource Management (HRM) and payroll software provider. Pro4all is a construction software specialist.

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The announcement comes six days after Main Capital Partners acquired the majority stake in Finnish virtual healthcare specialist VideoVisit.

Charly Zwemstra, CEO at Main Capital Partners, says, “Though rather mature, the human capital management landscape is both a stable and fast-growing market with several consolidation opportunities. Payroll and HRM are among the most interesting software segments which show high growth potential. This is said as managing human resources effectively has become much more important today owing to cost management pressures, increased demand for employee wellbeing, and the high fluctuation of talent.” 

Main Capital Partners says it will help the companies to become international market leaders through various strategies like autonomous growth, strategic add-on acquisitions, and expanding the product portfolios. 

The Dutch VC aims to build European software companies with a crucial role in society, and in markets such as healthcare, government, e-learning, data security, human capital management, finance, and the housing and construction market. 

How does the acquisitions benefit Main Capital Partners?

With the BCS acquisition, the VC plans to strengthen its foothold in the HRM market. To date, the company has invested in the following companies: 

• Perbility (HR software) in Germany
• SDB (HR payroll solutions for healthcare institutions) in the Netherlands 
• Textkernel (AI software for HR) in the Netherlands  
• Assessio (e-assessment tools and talent management) in Sweden.  

With Pro4all, Main Capital strengthens its position in the wider housing and construction software market. Main Capital plans to develop generic software solutions for all stakeholders in the housing and construction industry. 

Preceding investments within this vertical are facility management software company Axxerion, location intelligence software group LOCATIQS, and PropTech company Zig. 

Zwemstra adds, “We envisage strong growth in the industry, partly due to the acute housing shortage in the Netherlands. Pro4all is well-positioned to support quality assurance, while also optimising the entire building process and ultimately reducing costs. The solutions of Pro4all will serve all stakeholders in the construction market. Growth will be fuelled by selective acquisitions in this fragmented market.” 

BCS: What you need to know

Founded in 1978, BCS provides modern HR and payroll solutions and services to the SME market in the Netherlands. The company’s solutions include salary administration, workforce management, leave management, and employee benefits. 

Pro4all: What you need to know

Founded in 2001, Pro4all develops software that facilitates the construction process and improves the cooperation between the parties involved, thus reducing failure costs while increasing quality.