NPM Capital, an Amsterdam-based investment company focused on medium to large-sized Benelux companies, has acquired Futurewhiz, the parent company of Squla, WRTS and Scoyo, from London-headquartered middle-market private equity firm Levine Leichtman Capital Partners (LLCP).

Futurewhiz is a consumer education company in the Netherlands which provides interactive educational tools for primary school pupils (Squla) and secondary school students (WRTS).  Squla is linked to the national curriculum and aims to supplement students’ education in a fun and adaptive way. The company’s products are used in more than 50,000 classrooms and by over 1.4 million users throughout the Netherlands, Belgium and Poland. Recently, Futurewhiz acquired Scoyo to enter the German market offering playful e-leaning to youngsters in grades 1-7.

LLCP manging director Wouter Snoeijers said: “LLCP’s investment in Futurewhiz has been extremely successful for the company and all of its stakeholders. We supported the company’s execution of two transformational acquisitions, adding new products and expanding into new end markets and geographies. The company is now strongly positioned to continue to execute on its growth strategy, and we wish them continued success in the future.”

Serge Bueters, chief executive of Futurewhiz, added: “We are grateful for LLCP’s support over the past several years.  LLCP has made significant investments in the growth of our two platforms and helped prepare Futurewhiz for its next phase.”

ING was financial advisor and NautaDutilh was legal counsel for the transaction. Management was advised by PwC (financial) and Corp (legal).

Date published: 4 January 2021

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