Jungle Minds has been acquired by Cronos Groep
Cronos Groep has acquired a majority stake in Jungle Minds, a Dutch tech-agnostic business innovation studio. Together, Jungle Minds and Cronos Groep will be able to help companies integrate innovative strategies into their current business, hereby bridging the so-called ‘innovation gap’.
Founded in 2000, Jungle Minds helps companies move from an opportunity to a market-tested product by employing the strong combination of strategy, a customer-centric approach and design. The studio works with clients such as ABN Amro, Basic-Fit, Unilever, BAM Woningbouw, Samsung and SHV Energy.
Cronos Group was founded in 1991, and has developed into an accelerator and ecosystem of several hundred specialist IT and innovation service providers, active in 14 countries and with more than 7,000 professionals. Xplore Group, a subsidiary of Cronos Group, focuses on digital, cloud transformation and e-commerce based on technologies such as Salesforce, Adobe, SAP and AWS. Xplore Group works for clients such as Signify, Omoda, Udea, Allianz and DSM. Jungle Minds and Xplore Group work together for clients such as Technische Unie, Pon and Straumann.
With the acquisition, Jungle Minds will become a member of Xplore Group and join the larger Cronos system, making the expertise of almost every conceivable technology immediately available to Jungle Minds. The selling shareholders, Maikel Lieste and Bart ter Steege, will remain active as directors for a transitional period.
Oaklins’ team in the Netherlands acted as the exclusive sell-side advisor to the shareholders of Jungle Minds. This transaction emphasizes our strong track record and expertise in the fast-moving TMT sector.
Managing Partner, Jungle Minds
Talk to the deal team
Frederik van der Schoot
Oscar van Leeuwen
Advipro has been acquired by Normec
Pentahold, an independent Belgian private equity firm, has sold Advipro to Normec.Learn more
Tet has acquired Telia Latvija from Telia Company
Tet, the leading technology and entertainment operator in Latvia, has acquired Telia Latvija – a B2B telecom services provider – from Telia Company in a competitive auction process. The sale price corresponds to an enterprise value of US$11.5 million on a cash and debt free basis, representing a FY 2021 EV/EBITDA multiple of 10.0x.Learn more
Skelia SARL has been sold to Nortal AS
Skelia SARL has been acquired by Nortal AS. Following the acquisition, Skelia’s strong presence in Ukraine and Poland will provide Nortal with a solid platform for growth. Together, the parties will be able to expand their business across geographies and time zones, sharpening their customer offering and creating additional opportunities for their global employee pool.Learn more