We are delighted to announce that KPMG Deals (‘KPMG‘) acted as the exclusive financial advisor to the majority shareholder of Connectis Group BV (‘Connectis‘ or the ‘Company'), SIDN Deelnemingen BV (‘SIDN’), on the sale of the Company to Signicat AS (‘Signicat‘). On 2 April 2020, the shareholders of Connectis, one of the largest identity management providers in the Netherlands, announced the agreement to partner with Signicat, a pan-European digital identity company that is backed by Nordic Capital. The combination creates the most comprehensive digital identity platform in the European market.
Founded in 2008, Connectis develops and provides secure solutions for online identification, authentication and authorisation allowing customers to log in to online services using DigiD, eHerkenning, Facebook, Google, eIDAS, iDIN and many other digital identity methods. Over 14 million customers have been identified using its software and eRecognition tokens, and 70% of all transactions using the eHerkenning identity and authorisation system (one of the most prevalent identity schemes in the Netherlands) are performed using Connectis' infrastructure.
Signicat's and Connectis' combined expertise forms a strong collaboration from which to continue to drive and shape the digital identity industry in Europe. Signicat's heritage in the Nordics and Connectis' footprint in Benelux, particularly in the government and healthcare sector, will be instrumental in developing solutions that tackle some of the most complex digital identity challenges. The combined entity will focus on helping organisations looking to streamline online business while reducing risk and meeting a range of regulations such as KYC and AML. The combined offering now represents the most comprehensive digital identity solution on the market.
Connectis' previous owners, SIDN and 2050 Foundation, have reinvested in the combined entity, providing a further endorsement in Signicat's future.
KPMG Deals has provided exclusive and full scope M&A advisory services to the majority shareholder of Connectis. KPMG has been involved throughout the entire process, advising the shareholder on the successful completion of the transaction with Signicat.
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.
Please contact Tom Heeffer for any queries .
© 2021 KPMG N.V., a Dutch limited liability company and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.