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SHV Holdings N.V. - NPM Capital acquires majority interest in Iddink Groep(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 24 October 2014 Release date- 23102014 - Private equity firm NPM Capital is to acquire a 70% majority interest in educational services provider Iddink Groep. Iddink sees significant opportunities for growth in the further development of digital school environments and innovative learning solutions in both existing and new markets. NPM Capital supports Iddink's strategy and, if necessary, will provide additional capital for acquisitions and investments that enable innovation in systems and services. NPM Capital will acquire the shares from Rabo Capital and several minority shareholders. The (former) management will retain a minority interest in the company. In the twentieth century Iddink emerged as a leading supplier of learning materials for Dutch secondary schools. In recent years the company has continued to develop its leading (web-based) product Magister as a platform that enables schools to conduct administrative, learning, supervisory and management processes. This is one of the ways in which the company is playing a key role in the transition to digital learning and supporting schools, educational publishers and other stakeholders in the educative field. Iddink also operates in Belgium and Spain. 'We are uniquely well positioned to cater for the trend in the education market in the Netherlands, Belgium and Spain. The digitisation process in these markets offers opportunities for growth,' says CEO of Iddink, Wijnand Spring in't Veld. 'We are delighted that, in NPM Capital, we have found a Dutch investor with a long-term perspective that will proactively contribute both knowledge and experience. They understand that the developments in the education market are complex and that the successful execution of our strategy requires a long term investment horizon.' Digitisation: new markets The digital school environment is an important step towards more adaptive and personalised learning: the presentation of educational material according to students' performance and learning needs. These intelligent learning systems identify aspects of a subject that pupils understand and aspects that require further explanation, so teachers can teach more effectively. 'Iddink perfectly matches the profile of companies we would like to invest in,' says CEO of NPM Capital, Kees Arends, explaining the investment. 'Iddink is typically a company with a strong business base and market position that is transitioning from analogue to digital. This offers significant opportunities for growth and acceleration. We have gained experience in navigating this transition through several investments. Besides being able to contribute this experience and the knowledge acquired in the process, we will be happy to provide the growth capital needed to realise the potential and support education in the Netherlands and other European countries. We look forward to a long-term partnership and are delighted to welcome Iddink to the NPM family.' The proposed acquisition of the shareholding has been submitted to the Netherlands Authority for Consumers and Markets (ACM) for approval. Contact: SHV Holdings N.V. Rijnkade 1 3511 LC UTRECHT The Netherlands Tel: +31 30 2338833 Fax: +31 30 2338304 Email: [email protected] (c) 2014 Electronic News Publishing - |