Belgium’s Tyneso gains minority investment from Pride Capital Partners
EPPEGEM, BELGIUM — Belgian IT services provider Tyneso has received a minority investment from Pride Capital Partners.
The investment, the fourth platform deal in Belgium for Pride Capital Partners, will support Tyneso’s ambitions to broaden its service offerings and expand its geographical footprint. The financial terms of the deal were not disclosed.
Partnership to accelerate organic growth and M&A activity
“Mostly on the M&A (mergers and acquisitions) side we see a lot of opportunities. The investment gives us the opportunity to accelerate our ambitions to become an even bigger player in the European IT market,” said Steven Tytgat, Founder and CEO of Tyneso.
“With Pride Capital Partners as our strategic partner, we now gain not only financial strength but also the seasoned expertise required to pursue our next phase of development.”
Pride Capital Partners is a specialized investment firm focused on profitable software and IT companies. In addition to providing financing, the firm will support Tyneso’s management in executing organic growth initiatives and pursuing buy-and-build strategies.
Tyneso’s IT solutions: Global reach and sector expertise
Founded in 2005, Tyneso delivers tailored IT solutions for medium and large enterprises, typically supporting 50 to 1,000 users. The company specializes in services such as Azure cloud management, IT security, skilled service desk support, modern workplace solutions, and network connectivity.
Tyneso serves clients across various sectors, including transportation and production, and supports their operations globally.
“We are pleased to embark on our partnership with Tyneso,” said Lars van ’t Hoenderdaal, Managing Partner at Pride Capital Partners.
“We see significant potential for value creation by supporting both Tyneso’s organic growth initiatives and targeted M&A opportunities through our hands-on approach.”
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