Robidus

Feb 19, 2019

Avedon Capital Partners announces sale of Robidus to Aegon Jul 16, 2018 Avedon Capital Partners and Management have announced the sale of Robidus, a leading provider of social security services and software in the Netherlands, to AEGON N.V. (“AEGON”) a multinational life insurance, pensions and asset management company headquartered in The Hague, Netherlands. Closing is subject to regulatory and workers’ council approvals. Both the Robidus Management and Avedon are pleased with this transaction, which confirms the value creation strategy that has been actively pursued in partnership since 2015. Founded in 2003 and based in the Netherlands, Robidus has built highly specialised domain expertise to help Dutch employers execute their tasks and responsibilities regarding employee absence and disability as required by law and manage inherent financial risk and costs. The company’s deep understanding of the complexity of the practice and legal aspects of employee absence and disability enables it to benefit from attractive market dynamics most importantly driven by a continuous change in social security legislation and regulation, increasing focus on productivity and aging of the workforce. With the support of Avedon, Robidus has almost doubled its revenues over the past 3 years, through organic growth and by developing a strong tech-enabled operating platform. Robidus has built up a strong client base and more than 90% of its revenues is recurring giving it a very stable basis for future growth initiatives. Alfred Tulp of Avedon Capital Partners: “Over the past years, Robidus has developed into a tech-enabled company with deep knowledge of the market and a full service offering. We are proud that we were able to support the required investments in the company. We are convinced that with Aegon, Robidus has found a strategic partner to support a bright future for the company.”” “We are grateful that Avedon has supported the substantial investments in organisation and software development to create a leading tech-enabled platform for further growth. In this next phase of growth, Robidus will benefit from the knowledge and expertise of Aegon, while maintaining its independent position” said Sven Kelder, Chief Executive Officer of Robidus. ******** About Robidus Robidus provides specialist services in the field of social security in The Netherlands and is the only integrated player in the market. The Company is particularly strong amongst employers with more than 500 FTE, especially in the healthcare and semi-government sectors. The Company’s activities include: i) risk management solutions and insurance brokerage; ii) employability interventions; iii) absence and disability case management; and iv) embedded regulatory compliance. Robidus employs over 300 people and is based in Zaandam, the Netherlands, with a second location in Breukelen. For more information, please visit https://www.robidus.nl . About Avedon Capital Partners Avedon is a leading lower mid-market private equity firm in the Benelux and Germany, providing capital in partnership with strong founder/owners or management teams that have distinctive and ambitious growth plans requiring a step change. The Avedon team is located in Amsterdam (NL) and Düsseldorf (GER) with managed assets of more than €500 million. Through dedicated sector teams, Avedon seeks opportunities in niches within four sectors: i) Software & Technology, ii) Business services, iii) Industry & Engineering, and iv) Consumer products & Leisure. Throughout the cycles the team has supported 23 growth companies in the fields of strategy, sales growth, human capital, operational improvement and has achieved a strong track record of growth.For more information, please visit https://www.avedoncapital.com . Media Contacts