Clearwater International advises TimePlan on its sale to Main Capital Partners
Clearwater International had advised TimePlan Software A/S (TimePlan), a leading software solutions provider, on its sale to Main Capital Partners.
Founded in 1995 in Aalborg, Denmark, TimePlan is an innovative Danish software vendor of Workforce Management (WFM) solutions. With over 25 years of experience in WFM, the company’s platform has grown into a leading solution within employee scheduling, time and attendance, and HR administration. This allows its international client base to comply with a wide variety of complex labour legislations pertaining to collective agreements. As one of the most profitable software companies in Denmark with an EBITDA of €3.3m (DKK 25m), TimePlan serves a blue-chip customer base across a number of industries throughout Europe, including JYSK, Salling Group, Merlin Entertainment Group, IKEA, and Bauhaus.
Main Capital Partners is a leading software investor in the Benelux, DACH and Nordics, with almost 20 years of experience in strengthening software companies. The private equity firm has invested in more than 150 software companies to date and collaborates closely with the management teams of its portfolio companies as a strategic partner, to realise sustainable growth and build excellent software groups.
Looking ahead, Main Capital Partners will actively support TimePlan in maintaining the strong growth momentum, by further expanding into adjacent customer segments and broadening the offering to its customers. In addition to organic growth initiatives, strategic add-on acquisitions will be an important pillar of the growth strategy, to complement TimePlan’s innovative product portfolio and strengthen its market position.