News – Venture Capital & Private Equity practice
8 November 2015
Cresco assisted NGDATA, a Belgium customer experience management solutions company, in the preparation, structuring and closing of its USD 10,2 million Series B round led by Idinvest Partners and a number of its current shareholders (i.a. Capricorn ICT ARKIV, Smartfin Capital, Nausicaa Ventures and Pamica, (investment company of Michel Akkermans). NGDATA develops software that allows companies to create and maintain individual and actionable customer profiles in real time, resulting in highly effective targeting and more personalized customer experiences.
NGDATA will use the proceeds of the Series D round to accelerate its growth to enable more companies to achieve their mission in applying next-generation analytics and becoming data-driven organizations.
CEO and founder Luc Burgelman comments: “The Cresco team has acted as our trusted advisor from incorporation through all capital raising rounds, including the Series B round. Cresco has deep technology sector expertise and provided excellent, pragmatic and high quality advice in closing this round on a timely basis.”
About Idinvest Partners
With EUR 6 billion under management and 60 people employed, Idinvest Partners is a leading pan-European fund manager focused on the middle market segment. Idinvest Partners has developed several complementary areas of expertise including investments in innovative European start-ups, primary, secondary and mezzanine investments in European non-listed companies, and private equity consulting. Founded under the name AGF Private Equity in 1997, Idinvest Partners was formerly part of the Allianz group until 2010 when it joined forces with IDI Group to become independent.
More information on the transaction can be found here.
David Dessers, Yannick Verrycke and Lukas Decoster constituted the deal team for this transaction.
For any further information or questions, please contact David Dessers.