team.blue secures €550M at €4.8B valuation
Summary
Jonas Dhaenens, founder and President of team.blue, tells fd.nl that HG owned about half of the company, with the management holding under 10 pe rcent and the remainder shared equally between him and Ali Niknam. Under its current leadership, the business has executed a successful M&A strategy to expand its product offerings and local presence across multiple European countries.” “We look forward to working alongside Hg, a long-standing partner to CPP Investments, and the team.blue founders and leadership team, to support the platform as it continues on its journey to deliver on multiple growth vectors by expanding its portfolio of SaaS solutions, while delivering attractive risk-adjusted returns for CPP contributors and beneficiaries.” team.blue aims to help its customers stay relevant, competitive, and successful in their digital journeys. The solutions include enhancing security, ensuring GDPR compliance, boosting visitor attraction and conversion rates, improving customer engagement with marketing tools, and supporting online and offline commerce strategies. Alongside our existing shareholders, CPP Investments recognises the growth ahead, underpinned by our plan to provide increasingly relevant online tools for businesses.” “We thank Hg for their continued support and warmly welcome CPP Investments as we pursue our ambitious growth plans together.” Currently, team.blue is operating across Europe in 22 countries including Belgium, Bulgaria, Cyprus, Czechia, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, The Netherlands, Portugal, Serbia, Slovakia, Spain, Sweden, Switzerland, Türkiye, and the UK. Speaking about team.blue, Joris Van Gool, Nick Jordan and Matthijs Deroo of Hg, say, “It’s been incredible to see our thesis play out over the last five years, with team.blue evolving into one of the largest tech platforms in Europe.” “Together we are building a multibillion-category leader, offering multiple propositions for an ever-wider group of SMBs, enabling both online presence and better business success.