Pimm Solutions, market leader in employee gifting, has attracted Capital A Investment Partners as its new majority shareholder for the next growth phase
Over the last decade, Pimm Solutions has become the market leader in employee gifting for larger organisations. Customers include the Police, PostNL, Rabobank, Stedin and Nationale Nederlanden. Pimm provides added value by centralising these purchases through a single platform with employer-branded webshops and extensive integration with purchase-to-pay and ERP systems. In the coming years, the management of Pimm Solutions, consisting of Rick van Nispen and Joost van Kalmthout, wishes to further expand the company and accelerate international growth.
Rick van Nispen: “Pimm Solutions is thrilled to have acquired Capital A as a new majority investor. From the first talks there was a great connection and we are convinced that Capital A is the right party to support us in the desired acceleration of our growth strategy by offering network and expertise in addition to capital.”
Lindenaar & Co acted as advisor to the shareholders of Pimm Solutions and coordinated the entire transaction process, including compiling the information memorandum and financial model, identifying potential investors, evaluating bids, conducting negotiations and coordinating the due diligence process.
Pimm® is a platform for business courtesies and gifts, such as gift cards, flowers, wine, cake and other courtesies. Pimm® specialises in tailspend management: offering a solution for saving indirect process costs and reducing the number of suppliers, by centralising all these purchases to one platform. Pimm® Solutions is one of the largest business webshops in the Netherlands and has received six FD Gazellen Awards, three Deloitte Technology Fast-50 Awards and various other awards in recent years. The Pimm® office is located on Westblaak in the heart of Rotterdam Center.
Capital A Investment Partners
Capital A invests from Amsterdam and Antwerp in companies in the Netherlands and Belgium with a clear growth history. In addition to a capital investment, it offers access to a large complementary network, financial and strategic expertise and, where necessary, provides hands-on support for further acquisitions, for example.