ICFG Netherlands assists on the sale of Coachview to Paragin Group
Founded in 2000, Coachview is a developer of a SaaS course administration solution that are the heart of administration for educators. The solutions are deployed by schools and training and examination institutions at all levels of education in the Netherlands and Belgium. The Coachview platform gives users control over their administrative processes, allowing them to serve their customers more effectively while providing flexibility and insights and improving overall efficiency.
Paragin Group offers its services from two labels, Paragin and SOWISO. Paragin specialises in student-centric testing, learning and development solutions, offering innovative tools that support students in their educational pathways. In 2021, Paragin partnered with investor Main Capital Partners to realise further growth ambitions together. In 2022, the first step of the buy-and-build strategy was taken with the acquisition of SOWISO. SOWISO is a provider of an online testing environment for science subjects.
The acquisition of Coachview represents Paragin Group’s second add-on acquisition. The combination of Coachview and Paragin Group is another strategic step in the EdTech Group’s buy-and-build strategy. Together, the companies position themselves as the most complete provider for commercial training institutions, supporting ‘lifelong learners’ every step of the way.
Role of Match Plan
Match Plan advised Coachview’s shareholders from the moment they received the concrete interest from Paragin. From then on, we assisted in:
– Assessing and negotiating the bid and letter of intent agreement
– Coordinating and positively concluding the due diligence process
– Assessing and negotiating all transaction documentation towards closing
From Match Plan, Lucas Troelstra, Claire Kruger, Erik Smidt were on the deal team. In the guidance we enjoyed working with Jos Schippers of Flynth.