Eight Advisory supported Fortino Capital on the acquisition of Seenons

Eight Advisory provided financial and tax due diligence services to Fortino Capital as part of the transaction.
Fortino Capital is a venture capital and private equity firm with offices in Antwerp, Amsterdam and Munich specialising in the growth of established B2B software companies. With a strategic and hands-on approach, Fortino partners with management teams to strengthen operations, attract talent, and support both organic and acquisition-driven expansion. The firm typically invests upwards of €10 million in European businesses with proven product-market fit, focusing on scaling revenue, enhancing margins, and reinforcing a company’s unique market position.
Seenons, founded in the Netherlands in 2019, offers an independent platform that connects waste producers, logistics providers, processors and reuse partners to streamline and digitise waste flows. With operations in the Netherlands, Belgium, Denmark and Switzerland, Seenons has already partnered with major organisations such as Schiphol Airport, FrieslandCampina and various governmental bodies.
This acquisition aims to strengthen Seenons’ capacity to scale across Europe and to advance its buy-and-build strategy in an increasingly regulated sector. With Fortino Capital’s backing, Seenons will continue to develop its platform, broaden its market presence, and enhance its offering for clients committed to sustainability and compliance. Existing investors remain onboard, reinforcing a shared commitment to building a waste-free future.
Eight Advisory team members supporting this transaction:
- Financial due diligence: Hans Bogaardt (Partner), Fábio Gonçalves Viegas (Senior Manager), Edgars Unbedahts (Senior) and Julia Kolodziej (Analyst)
- Tax due diligence: Christian Van Craeyvelt (Partner), Jean-Louis Vansimaeys (Manager) and Ward Sandra (Senior)