Clearwater has advised Ordina, the largest independent services provider in the field of consulting, solutions, and IT in the Benelux, on the sale of all its shares in its subsidiary software and services provider, Ordina Technical Automation (Ordina TA), for the amount of €30m on a cash and debt-free basis, to Glide Equity Management Benelux, an independent private equity company investing in businesses rooted in the Benelux region with international aspirations.
Ordina TA will continue its services under the new name TASK24, leveraging its existing customer base and team of specialists. With around 375 employees, the company is now the largest non-listed company in the Dutch technical automation market.
Gilde Equity Management Benelux, a division of the funds of Gilde Investment Management, is a prominent player in the Benelux market for large and mid-sized buyouts. Gilde Investment Management, established in 1982, oversees several funds with a combined value of approximately €2bn.
With over 5,700 employees, Ordina aims to enhance the business processes of enterprises in the Netherlands and Belgium. The company offers advisory services, develops supporting applications, and handles a wide range of processes, including IT.
