H2 Equity Partners sells its stake in Odin to Apax Partners


H2 Equity Partners sells its stake in Odin to Apax Partners

Feb 2022

H2 Equity Partners (“H2”) is pleased to announce that it has reached agreement to sell its stake in Odin Groep B.V. (“Odin”), a leading managed IT & cloud service provider for the Dutch SME, healthcare, education and social housing corporation sectors to Apax Partners.

H2 reinvested a substantial part of its proceeds generated by the sale of Unified, a Dutch IT managed services provider focused on the social housing corporation sector, to Odin early in 2021. The reinvestment was driven by the conviction on Odin’s leading position as a consolidator, with a differentiated positioning due to its owned infrastructure, and the strength and entrepreneurship of its management team.

Peter van Leersum, Partner at H2, commented: “We were impressed with the entrepreneurial spirit and drive at Odin from our first interactions onwards, and are happy to see our conviction on Odin’s management being confirmed. This transaction comes more rapidly than anticipated, but we are excited for the next step in Odin’s development. We are also thankful for the mutual trust in a successful collaboration, with both Odin’s management team as well as with its majority shareholder, Fortino Capital.”

About Odin Groep

Every day millions of people use online IT services developed, managed or hosted by Odin. Our strong focus on managed services, cloud and data center solutions, security and advisory services creates a solid foundation to deliver reliable and innovative solutions to our clients. Odin offers a home for IT companies and talented professionals, whereby we offer the possibility to work from different locations throughout the Netherlands. We are known in the market by our Previder, Heutink ICT and Winvision brands, whereby Odin provides the required support to allow them to focus on what they do best, delivering outstanding service to our clients.

About H2 Equity Partners

H2 Equity Partners, founded in 1991, is an independent investment firm. H2 focuses on medium sized companies that are uniquely positioned and provide significant growth potential. H2 offers these businesses a combination of capital and active management support to realize untapped potential. H2 has a robust, multi-sector track record in building stronger companies, with a sustainable competitive advantage and profitable growth. The investments by H2’s Amsterdam team are funded through its most recent fund, which was launched in June 2019.