Exit: Main Capital Partners sells Cleversoft to LLCP

Dues­sel­dorf, Germany — Main Capi­tal Part­ners (“Main”) announ­ces the highly successful sale of Clever­soft to Levine Leicht­man Capi­tal Part­ners (“LLCP”). Clever­soft has become a major player in the field of regu­la­tory tech­no­logy (RegTech), provi­ding effi­ci­ent solu­ti­ons for finan­cial insti­tu­ti­ons to address complex regu­la­tory chal­lenges in the finan­cial industry.

Due to Cleversoft’s great poten­tial to become a leading RegTech soft­ware provi­der, Main Capi­tal Part­ners inves­ted in the company back in 2018. During Main’s invest­ment period, Clever­soft trans­for­med from a company focu­sed on the DACH region to a leading pan-Euro­­pean provi­der of regu­la­tory soft­ware for finan­cial insti­tu­ti­ons and achie­ved outstan­ding growth. During this time, Cleversoft’s sales more than tripled and Clever­soft was able to conso­li­date its posi­tion as the market leader.

Main Capi­tal Part­ners supported through acquisitions

Main played a criti­cal role in support­ing Cleversoft’s growth trajec­tory, inclu­ding stra­te­gic acqui­si­ti­ons that signi­fi­cantly enhan­ced the company’s product port­fo­lio and market presence. In this regard, Main supported Cleversoft’s acqui­si­tion of CDDS, a holi­stic soft­ware provi­der specia­li­zing in anti-money laun­de­ring solu­ti­ons for banks, asset mana­gers and other finan­cial insti­tu­ti­ons. In addi­tion, Clever­soft further expan­ded its offe­ring with the acqui­si­tion of Busi­ness­Fo­ren­sics, a provi­der of finan­cial and white-collar crime preven­tion solu­ti­ons, and Second­Flow, a provi­der of inno­va­tive compli­ance and risk manage­ment soft­ware focu­sed on the insu­rance sector.

The sale of Clever­soft to LLCP repres­ents another signi­fi­cant achie­ve­ment for Main Capi­tal Part­ners. LLCP, as the buyer, appre­cia­tes the excep­tio­nal value and exper­tise Clever­soft brings to the RegTech market. The tran­sac­tion will provide Clever­soft with the neces­sary resour­ces and support to drive its future growth and soli­dify its posi­tion as a global leader in the industry.

Florian Clever, CEO of Clever­soft, comm­ents, “Toge­ther with Main Capi­tal, we have laid the foun­da­tion for the Euro­pean RegTech plat­form, which we now plan to aggres­si­vely expand globally with our new part­ner Levine Leicht­man Capi­tal Part­ners. We would like to perso­nally thank Main Capi­tal Part­ners and espe­ci­ally Sven van Berge for almost 5 years of part­ner­ship and excel­lent coope­ra­tion on our way to become a pan-Euro­­pean cham­pion in the RegTech market. In these 5 years, toge­ther we have refi­ned our stra­tegy for success, inter­na­tio­na­li­zed our custo­mer base, acqui­red and successfully inte­gra­ted three compa­nies, and acce­le­ra­ted our over­all deve­lo­p­ment. I am confi­dent that our time with Main is the foun­da­tion for a bright future, and we look forward to conti­nuing on this path with our new part­ner, LLCP.”

Matthias Tabbert, Head of DACH at LLCP, added: “We are deligh­ted to have acqui­red Clever­soft, a leading company in the RegTech sector. Clever­soft offers its custo­mers a range of inno­va­tive compli­ance solu­ti­ons and has many attrac­tive growth oppor­tu­ni­ties. We look forward to provi­ding Florian and the manage­ment team with our exper­tise and resour­ces to support their expan­sion plans and further grow Cleversoft’s market position.”

Sven van Berge Henegou­wen, Mana­ging Part­ner at Main Capi­tal Part­ners, summa­ri­zes: “We congra­tu­late Clever­soft on the successful sale to LLCP and on the remar­kable jour­ney we have taken toge­ther. Cleversoft’s deve­lo­p­ment into a pan-Euro­­pean market leader is a testa­ment to the commit­ment and vision of Florian Clever and his manage­ment team. We are proud to have supported Clever­soft in its growth and stra­te­gic acqui­si­ti­ons, and we are confi­dent that LLCP will provide the ideal plat­form for Cleversoft’s contin­ued success.”

About Clever­soft

Foun­ded in 2004, Clever­soft has become a leading soft­ware specia­list in the RegTech market, serving global banks, asset mana­gers and insu­r­ers. With over 100 dedi­ca­ted employees, Clever­soft helps finan­cial insti­tu­ti­ons effi­ci­ently comply with incre­asingly complex regu­la­ti­ons. The company’s compre­hen­sive solu­ti­ons address regu­la­tory chal­lenges under regimes such as PRIIPs, MiFID II, PIB, FIDLEG and AML. Cleversoft’s services are comple­men­ted by life­cy­cle manage­ment solu­ti­ons, inclu­ding custo­mer rela­ti­onship manage­ment (CRM) and marke­ting proces­ses. Curr­ently, Clever­soft serves over 200 inter­na­tio­nal customers.

About clever­soft

About Levine Leicht­man Capi­tal Partners

Levine Leicht­man Capi­tal Part­ners, LLC is a middle-market private equity firm with a 39-year history of inves­t­ing in a variety of focus sectors, inclu­ding Fran­chi­sing & Multi-unit, Busi­ness Services, Educa­tion & Trai­ning, and Engi­nee­red Products & Manu­fac­tu­ring. LLCP pursues a diffe­ren­tia­ted struc­tu­red private equity stra­tegy that combi­nes debt and equity invest­ments in port­fo­lio companies.

LLCP’s global team of dedi­ca­ted invest­ment profes­sio­nals is led by nine part­ners who have been with LLCP for an average of 19 years. Since incep­tion, LLCP has mana­ged appro­xi­m­ately $13.3 billion of insti­tu­tio­nal capi­tal in 15 mutual funds and inves­ted in over 100 port­fo­lio compa­nies. LLCP curr­ently mana­ges $9.3 billion in assets and has offices in Los Ange­les, New York, Chicago, Char­lotte, Miami, London, Stock­holm, The Hague and Frank­furt. https://www.llcp.com

About Main Capi­tal Partners

Main Capi­tal Part­ners is a leading soft­ware inves­tor in the Bene­lux, DACH region and the Nordic count­ries. Main has nearly 20 years of expe­ri­ence streng­thening soft­ware compa­nies and works closely with the manage­ment teams of its port­fo­lio compa­nies as a stra­te­gic part­ner to realize sustainable growth and build excel­lent soft­ware groups. Main employs 60 people and has offices in The Hague, Stock­holm, Düssel­dorf, Antwerp and the USA (Boston). As of Octo­ber 2021, Main has over €2.2 billion in assets under manage­ment. Main has inves­ted in more than 150 soft­ware compa­nies to date. These compa­nies have crea­ted jobs for about 9000 employees. https://main.nl/about

The McDer­mott team led by part­ners Norman Wasse and Dustin Schwerdt­fe­ger has advi­sed Main Capi­tal Part­ners on many tran­sac­tions and financings.

Advi­sors Main Capi­tal Part­ners: McDer­mott Will & Emery, Frankfurt

Norman Wasse, LL.M. (Lead, Corporate/M&A), Dustin Schwerdt­fe­ger (Finan­cing, Düssel­dorf), Dr. Deniz Tschamm­ler (Commercial/Regulatory), Dr. Chris­tian Masch (IP/IT, Munich), Edward A. Gordon (IP, Boston), Dr. Heiko Kermer, Marcus Fischer (Coun­sel; both Tax); Asso­cia­tes: Dr. Marion von Grön­heim, Lisa Schick­ling (both Corporate/M&A), Alex­an­dra Heberle (Regu­la­tory), Simon Apelojg (IP, Munich)