DC Advisory acts as exclusive financial advisor to Itineris on a majority investment by Cobepa
Background
- Itineris is a leading provider of innovative software solutions enabling water and energy utilities to reach operational efficiency, improve the experience of their customers, and achieve their environmental goals
- Itineris develops and delivers UMAX, a modern and highly configurable Customer Information System (CIS), CRM, Asset, and Field Service Management solution built on the Microsoft Dynamics 365 platform
- Itineris, backed by institutional investors - Gimv, PMV, Smartfin, and SFPIM - employs over 550 people and has offices in Europe, the UK, and North America
Process
- DC Advisory, led by Alexander Luycx and Paul de Hek, acted as exclusive financial advisor and ran a tailored process, leveraging its sector expertise and senior relationships with private equity to identify and engage a competitive group of motivated private equity firms for a partnership transaction with the CEO & Founder while delivering a full exit for all minority institutional shareholders
- DC Advisory provided comprehensive M&A and Debt Advisory services to deliver a premium outcome for all shareholders with high transaction certainty against the current market backdrop
- The ultimate purchaser was in a position to sign within 24 hours of submitting their final offer
Outcome
- Itineris announced a majority investment from Cobepa on 23 June 2025
- Founder and CEO, Edgard Vermeersch, remains the largest non-institutional shareholder
- This investment marks a significant milestone in Itineris’ journey to accelerate growth, expand its global reach, and further strengthen its leadership in advanced software solutions for utilities
- This transaction highlights DC Advisory’s strong global software franchise and dedicated expertise in the energy sector
“It was a real pleasure working with DC Advisory on finding a partner for growth for the company. Their strong private equity relationships together with deep sell-side expertise and thoughtful advice were instrumental in delivering a fantastic result for Itineris and all shareholders.”
“It was a genuine pleasure to team up with Edgard, the broader Itineris team, and its shareholders to deliver on a partnership transaction that will support Itineris for its next phase of international growth to become a global category leader in advanced software solutions for the utilities sector. We wish Edgard, Cobepa and the team all the success with their aim to build a unicorn.”
“By running a competitive and effective process focused on top-tier global investment firms, we were in a position to reach a deal on a short timeline at very attractive terms for our clients. A multi-product, cross-border deal team further solidifies our strong track-record across Benelux combining true sector specialism with local proximity.”
- Technology & Software
- M&A Advisory
- Debt Advisory & Restructuring
Disclaimer
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For important information regarding testimonials, please see our disclaimer.