Cloud-based credit management software company Onguard has been acquired by Visma, a Norway-based provider of business software. Onguard has been in the mezzanine portfolio of Pride Capital Partners since April 2014. Visma is backed by large PE firms, like a.o. UK based HgCapital.
Onguard is a market leader in cloud-based Order-to-Cash solutions, providing an end-to-end product suite ranging from solutions for invoicing, risk- and credit management and collections. The company is headquartered in Amsterdam and employs around 120 people. The company’s global customer base consists of 600+ companies.
Co-financing Onguard’s growth, management buy-out and acquisition of CreditTools
In April 2014 Pride Capital Partners provided a mezzanine loan to Onguard to support the international growth and change in business model from one-off licenses to a recurring subscription-based business model.
In December 2014 Main Capital Partners realized a management buy-out (MBO) of Onguard, co-financed with our mezzanine loan. And in November 2016 Onguard acquired CreditTools to create a leading credit management software company in the Benelux and Europe.
Since 2014, Onguard almost tripled its revenues and became a highly recurring and scalable software company. Pride Capital Partners has acted as a strategic financial partner of Onguard in its journey to become the leading company it is today.
Pride Capital Partners congratulates management, employees and shareholders of Onguard on a successful exit to Visma and wishes the company all the best in the future.