IK Investment Partners’ majority-stake acquisition of Belgian software company GeoDynamics has been supported by a financing package at 6.5x leverage provided by Arcmont Asset Management, sources told Reorg. GeoDynamics’ marketed EBITDA was €8 million, sources added.
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The private equity firm acquired a majority stake in GeoDynamics from Belgian private equity firm Sofindev through its IK Small Cap II Fund, according to a press
release. The co-founders and managing directors of GeoDynamics will reinvest in the company alongside IK and continue to lead the business.
Ernst & Young, Deloitte and Stibbe advised the seller. Allen & Overy, Kumulus Partners, Ernst & Young, Clifford Chance and White & Case advised the buyer, according to a
statement.
Founded in 2004, GeoDynamics is a location-based software provider for mobile workforces. The company is headquartered in Kortrijk, Belgium, and has 35 employees and 3,300 customers, according to its website.
Arcmont Asset Management and IK Investment Partners declined to comment.
--Lucía Camblor