News – Emerging and Growth Companies Practice
26 May 2014
We assisted Fortino in the preparation, negotiation and closing of its most recent investment in Teamleader.
The transaction involved i.a., the negotiation of investment documentation, as well as the design of governance arrangements between the shareholders of Teamleader.
Teamleader is a Ghent-based start-up that develops software for enterprises. It offers CRM software for invoicing and project planning via the Internet. Despite its young age, Teamleader has an impressive client portfolio, which includes large service companies such as Eneco.
Teamleader will be using the investment proceeds of one million EUR to expand its activities and attract human capital.
Fortino is the investment fund headed by Duco Sickinghe (ex-Telenet), Renaat Berckmoes (ex-Telenet) and Baudouin Jolly. Fortino mainly focuses on developing entrepreneurs and building a portfolio of high growth investments.
Cresco has advised Fortino on all of its prior transactions.
David Dessers, Pieter Capiau and Wim Van Berendoncks constituted the Cresco deal team for this transaction and ongoing legal support.
For any further information or questions, please contact Pieter Capiau.