We are delighted to announce that KPMG Deals acted as exclusive financial advisor to Mansystems on the merger with FlowFabric.
Following to EUR 20m investment of Volpi Capital in Mansystems in August 2019, we are delighted to announce that KPMG Deals acted as the exclusive financial advisor to the shareholders of Mansystems on the merger with FlowFabric. This is the second transaction for KPMG Deals as exclusive financial advisor to Mansystems, evidencing the focus of KPMG on building long term relationships with its clients.
On 6 March 2020, Mansystems, Mendix's leading implementation and support partner, has merged with FlowFabric, expert in the development of business applications and Mendix Expert-partner in 2019. The companies are joining forces to become the largest global Mendix-partner for implementation and support, strengthening their position in the Netherlands, where both companies are headquartered, and accelerating plans for international expansion.
The merger will provide additional scale as well as complementary knowledge and experience, optimally positioning the company to respond to the increasing cross-border customer requests brought about by Siemens’ recent takeover of Mendix. Together the companies are by far the largest Mendix-partner with more than 130 developers in the Netherlands and 50 developers in Germany.
As leading Mendix partners, the companies are highly complementary. Mansystems has established itself as a leading player in the low-code application market with a strong technology focus. Since its establishment in 2010, FlowFabric has established a proven track record in the wholesale, retail, insurance, construction and installation sectors through the optimization of complex processes with business solutions based on the Mendix platform.
KPMG Deals has provided exclusive and full scope M&A advisory services to the shareholders of Mansystems. KPMG has been involved throughout the entire process, advising the shareholders and the company towards the successful completion and merger with FlowFabric.
KPMG Deals consistently ranks as the number one M&A adviser globally. KPMG Deals completed almost 400 deals in 2019 cementing its global number 1 position. KPMG firms operate in 84 countries with over 8,200 Deals professionals who are able to meet the needs of clients across the globe.
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