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Private Equity | TMT

M80 has acquired Luminis

September 2022 — Belgian private equity fund M80 has acquired a majority stake in Luminis. M80 offers to software and technology company Luminis the opportunity to further expand its strategy and market position internationally. Luminis becomes part of a platform that also includes XPLUS, a Belgian expert in enterprise IT architecture. M80 plans to make further selective acquisitions in Europe in the coming months with the aim of bringing together a portfolio of best-in-class digital transformation specialists.

M80 is the management company of M80 Capital, a private equity fund established in November 2018, investing in companies in Belgium, the Netherlands, France and Luxembourg. Founded by Peter Maenhout, the investment team consists not only of seasoned private equity professionals, but also entrepreneurs, former CEOs and digital pioneers. The company focuses on growth companies in the IT, healthcare, consumer, business services and industry sectors. The M80 team invests in companies it can help digitally transform to accelerate sales and improve operations.

Founded in 2002, Luminis offers customers high-quality solutions in the field of cloud and data. The company has partnerships with Amazon Web Services and Microsoft, among others. In addition, Luminis is the initiator and driving force of the IT training program Accelerate with Thales, Bosch and the Dutch Tax Authorities. Luminis has 150 employees and has offices in Amersfoort, Amsterdam, Rotterdam, Arnhem and Apeldoorn in the Netherlands, and provides its services to customers such as Thales, Alliander, Huuskes, BDR Thermea, bol.com and The Learning Network.

Our role in the transaction

Oaklins’ team in the Netherlands initiated this transaction and acted as the exclusive M&A buy-side advisor to M80. This transaction emphasizes our strong track record and expertise in the fast-moving IT services sector.

Parties
“M80 aims to bring together companies with superior capabilities to save customers the frustration of working with mediocre IT vendors – we are thrilled to have convinced a quality player like Luminis to join this initiative alongside XPLUS. Oaklins’ deep IT expertise played a fundamental role in the identification of Luminis as the perfect pillar in building this powerful high-end platform. We could fully leverage their know-how throughout the full acquisition process. We look forward to taking further steps to strengthen our group in the near future.”

Carl Annicq

Partner, M80

Talk to the deal team

Frederik van der Schoot

Managing Partner
Amsterdam, Netherlands
Oaklins Netherlands

Jan-Pieter van Doorn

Director
Amsterdam, Netherlands
Oaklins Netherlands

Koen Bodewes

Senior Associate
Amsterdam, Netherlands
Oaklins Netherlands

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