12 Dec 2023
TOPdesk starts a new chapter of growth with investor CVC Growth Funds
We’re excited to announce that TOPdesk has raised an investment of approximately €200 million from investment firm CVC Growth Funds. This marks a pivotal moment in our company’s history, representing the first instance of external capital infusion for TOPdesk, which has remained under the ownership of its founders.
About CVC Growth
CVC is a leading global private markets manager with a network of 29 offices throughout EMEA, the Americas, and Asia, with approximately €177 billion of assets under management. Funds managed or advised by CVC’s private equity strategy are invested in over 125 companies worldwide. CVC Growth is the high growth, technology-focused strategy of CVC, which specializes in supporting tech-enabled businesses to achieve their growth ambitions.
A new partnership and a shared vision
To prepare for our next phase of growth, TOPdesk sought a strategic partner to enhance value for customers, employees, the organization, and the product. After a rigorous evaluation, CVC has been chosen as our preferred partner, having demonstrated genuine commitment, the ability to contribute knowledge and experience, and a dedication to corporate social responsibility.
CEO and co-founder Wolter Smit expressed, “It was gratifying to see the significant interest from numerous companies in our software business. Our stable growth, unique market position, and consistently satisfied customers make us an appealing partner. I am delighted that we ultimately reached an agreement with CVC because they consistently demonstrated passion for our company, our core values, and growth opportunities. This exciting step feels immensely right, and I am proud to embark on the next chapter of TOPdesk with them.”
Sebastian Künne, Senior Managing Director at CVC, added, “The passion that Wolter and his team have to deliver new capabilities to their customers has made the business the success it is today. We’re thrilled to support Wolter in bringing this market leader to many more customers and new geographies around the world.”
With this investment, CVC Growth Funds will acquire a minority stake in the company and collaborate with co-founder and CEO Wolter Smit and CFO Rob Haaring to expedite the company’s growth and further its development. In taking this next step, both CVC Growth Funds and TOPdesk are mindful of preserving the unique TOPdesk culture that has been key to our success over the last decades.