The listed software company NedSense enterprises NV reached an agreement with both its existing shareholders and a new shareholder, Project Holland Fonds, concerning financing by means of the placement of new shares, the issue of convertible bonds and a standby convertible loan.
The financing amounts to a combined maximum of €7.0 million and can be used for acquisitions, refinancing of existing loans, investments in LOFT, plus other investments in line with the Company’s existing activities.
Lindenaar & Co advised the board of NedSense in the search for new investors, structuring of the various parts of the financing, financial modeling, co-ordination of the transaction, negotiations and transaction documentation, and closing of the transaction.
Profile NedSense enterprises
NedSense enterprises is a global provider of high-quality software solutions and services for manufacturers and designers of fashion items, accessories, carpets and other woven materials. NedGraphics is the main activity of NedSense with a worldwide market share of 25% in Computer Aided Design (CAD) and Computer Aided Manufacturing (CAM) software for the international textile and apparel industry. Last year NedSense enterprises developed its LOFT software tool. By means of innovations in CAD technology LOFT offers an online showroom / virtual world that enables businesses to show their products to consumers in a 3D environment. NedSense enterprises is listed on NYSE Euronext Amsterdam and is carrying out its activities in 35 different countries.