HSO announces investment from Bain Capital
Microsoft partner HSO announced an agreement with private investment firm Bain Capital for a new investment that is expected close in the coming months.
Financial terms were not disclosed, but HSO founder and CEO Peter J. ter Maaten will remain a significant shareholder and board member and previous investor Carlyle will divest its stake in the firm. Carlyle declared their six years of ownership a success, with their representatives stating:
HSO was a quintessential CETP (Carlyle Europe Technology Partners) deal, where we found a sub-scale European hidden champion and, together with the founder, developed the business into a top two Microsoft Dynamics Partner globally over our investment period. This is what CETP does best, partnering with founders and managers of aspirational European B2B Tech businesses and turning them into global leaders. We are very proud to have partnered with Peter and the HSO team over the past six years through what has been a remarkable collaborative effort, and we believe the business will continue to thrive in the future.
During Carlyle’s investment, HSO made a range of acquisitions around the world including:
- AKA Enterprise Solutions in 2020
- sa.global's Americas unit and 360 Solutions Group in 2021
- Canada-based Microsoft Partner CRM Dynamics Ltd in 2021
- Netherlands-based Motion 10 in 2022
- Canada-based SHEA Solutions in 2022
- New Zealand-based data and AI specialist Aware ...
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