Eight Advisory supported Fortino Capital and management on the sale of a majority stake in Cenosco
Eight Advisory provided vendor financial and tax due diligence services to Fortino Capital and management as part of the sale of a majority stake in Cenosco to Summit Partners. Fortino Capital remains a minority shareholder
Cenosco is an asset integrity management software company with more than 20 years of experience as a product leader in asset-intensive industries. Cenosco’s IMS suite is designed to help users make intelligent inspection and maintenance decisions to increase safety, maximise asset availability and optimise asset management costs. IMS has already been deployed in more than 200 plants in over 40 countries. Cenosco’s vision is a safe, sustainable world in which asset-intensive industries can realise their full potential without compromising the health and safety of their employees and the environment.
Fortino Capital invested in Cenosco in 2020 and supported the management in the successful transformation of a service-orientated company into a high-growth SaaS provider with a well-diversified international customer base. Convinced of the company’s perfect positioning to lead the digital revolution in asset integrity management, Fortino Capital invested again, as a minority shareholder, along with Summit Partners.
Eight Advisory team members supporting this transaction:
- Financial vendor due diligence: Pieter Wygaerts (Partner), Margot De Vylder (Partner), Henri Lippinois (Senior Manager), Tom De Smedt (Senior), Guillaume De Staercke (Analyst), Viktor Brosens (Analyst)
- Tax vendor due diligence: Christian Van Craeyvelt (Partner), Bram De Roo (Senior Manager)