Avedon Capital Partners successfully sells CycloMedia to Volpi Capital

Amsterdam, 20 August 2018 – Avedon Capital Partners and Management have announced the sale of CycloMedia, a leading international provider of accurate geospatial imagery-data and data analytics to Volpi Capital, a European growth investor, based in London UK. Both Management and Avedon are pleased with this transaction which confirms the value creation strategy that was actively pursued in partnership.

Founded in 1980 and based in the Netherlands, CycloMedia provides a rich end-to-end B2B geo-data and software platform and has an established presence in the US, Dutch, German and Scandinavian markets. Using proprietary cloud-based technologies, CycloMedia’s high accuracy data sets allow governments and enterprises to assess, analyse and measure physical infrastructure, including buildings, roads and other assets, remotely, and on any device. CycloMedia is uniquely global in its ability to deliver its customers actionable insights from geo-data rapidly and at scale.

Based on its unique technology platform and well-established market position in the Netherlands with many long-lasting customer partnerships, CycloMedia has doubled its sales over the last 4 years. In partnership with Avedon Capital Partners, CycloMedia has achieved strong organic expansion in the US, where revenue has doubled annually in the last 2 years, and in Germany, starting and scaling local operations successfully. CycloMedia has further invested in its world-leading technology platform, accelerating the scalability of the company by renewing its end-user Content-as-a-Service platform, introducing geo-referenced object databases using object recognition and AI analytics, and developing a next generation of capturing systems. On the back of the investments in R&D and sales, CycloMedia’s customer base has been expanding continuously with important customers like New York City, Washington DC, Amsterdam, Rotterdam, Frankfurt and Stuttgart, as well as enterprise customers.

Michel Verhoog of Avedon Capital Partners: “We have supported CycloMedia’s transition from an R&D focused Dutch oriented organisation into an international company far ahead of the game in terms of technology leadership. The transition has resulted in strong growth, especially in the US, which has been very exciting with an impressive client base to show for it. We are proud of what Frank Pauli, the management team and the employees of CycloMedia have achieved.”

“We would like to thank Avedon for supporting us in bringing the company where we are today by entering new markets, investing in new technologies and substantially expanding the organisation. We are pleased to have Volpi Capital on board, and look forward to working with them as we continue to scale our presence globally” said Frank Pauli, Chief Executive Officer of CycloMedia.

About CycloMedia
Founded in 1980, CycloMedia is a leading international provider of data and software solutions virtualising the outside world accurately on-screen. CycloMedia’s customers derive actionable insights from the geo-data platform to power day-to-day decisions remotely and with more accuracy, delivering exceptional ROI. CycloMedia focuses its solutions on tax assessment, asset management, public safety, construction & engineering, utility & transportation and insurance & real estate. CycloMedia employs 140 people and is based in Zaltbommel, the Netherlands, with operations in the US, Germany, and Scandinavia. For more information, please visit www.cyclomedia.com.

Über uns
Avedon Capital Partners
Avedon is a leading lower mid-market private equity firm in the Benelux and Germany, providing capital in partnership with strong founder/owners or management teams that have distinctive and ambitious growth plans requiring a step change. The Avedon team is located in Amsterdam (NL) and Düsseldorf (GER) with managed assets of over €500 million. Through dedicated sector teams, Avedon seeks opportunities in niches within four sectors: i) Software & Technology, ii) Business services, iii) Industry & Engineering, and iv) Consumer products & Leisure. Throughout the cycles the team has supported 23 growth companies in the fields of strategy, sales growth, human capital, operational improvement and has achieved a strong track record of growth. For more information, please visit www.avedoncapital.com.

About Volpi Capital
Volpi Capital is a specialist European lower mid-market private equity firm. Volpi has a thesis-driven approach targeting ambitious businesses using enabling technologies to disrupt traditional B2B value chains. Volpi typically invests €25-75 million of equity in businesses with enterprise values between €50 million and €200 million and seeks to drive transformative growth through international expansion and consolidation. The firm, which was founded in 2017 by Crevan O’Grady and Marco Sodi, closed its first fund (Volpi Capital Fund I) in April 2018 with commitments of €185 million. For more information, please visit www.volpicapital.com.

Media Contacts
For CycloMedia:
Frank Pauli / Bart Verhoeven
+31 418 556 119 or bverhoeven@cyclomedia.com

For Avedon Capital Partners:
Michel Verhoog
+31 205 682 621 or Michel.Verhoog@avedoncapital.com

For Volpi Capital:
Instinctif Partners
Nick Woods / Ambrose Fullalove
+44 20 745 72020 or volpi@instinctif.com

Verzichtserklärung
‘Not for distribution or release, directly or indirectly, in or into the United States or Canada or any other jurisdiction in which the distribution or release would be unlawful. None of the information contained herein constitutes an offer of, or an invitation to purchase, any interests, shares or units, nor any investment advice or services. Neither the investment funds nor their managers mentioned herein are licensed or supervised by the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten) or by any other supervisory authority in any jurisdiction.’