LD&A Jupiter acted as exclusive sell-side financial advisor to Destiny NV, one of the fastest growing B2B telecom players in Belgium.
Daan De Wever, Managing Director and co-founder of Destiny: "Within the highly fragmented cloud and telecom market, we have a clear and strong ambition to lead the next wave of consolidation. In the short term Destiny has concrete plans to make focused (international) acquisitions. We are pleased with the support of Mentha Capital as a financial partner with the necessary expertise to realise our ambitions."
Edo Pfennings, Partner at Mentha Capital: "We are convinced of the growth potential and further developments within the cloud and telecom market. We see an important role for Destiny, as a young and innovative company securing success in this segment. We are therefore delighted to contribute the necessary capital and expertise to support Destiny's management in realising its ambitions."
Thierry Levenq, Senior Advisor with LD&A Jupiter: "We are proud to have led Destiny and its management to this transaction with a new financial partner which will help the company which has an impressive track record of growth and recurring revenues to move to the next stage of its development".
About Destiny
Destiny, founded in 2008, is one of the fastest growing B2B telecom players in Belgium. The company employs 56 people and generated an annual revenue of ?13m in 2015. Destiny is a one-stop-shop for the integration of traditional telecom services (VOIP, mobile, Internet), Unified Communications solutions and cloud applications.
About Mentha Capital
Mentha Capital, a private equity firm active in the mid-market in the Netherlands and Flanders has acquired a majority stake in Destiny with management reinvesting and holding a substantial stake in the company.
About LD&A Jupiter
LD&A Jupiter is a top-tier international corporate finance firm which focuses exclusively on transactions within the digital sectors (internet, software, telecommunications and technology). With offices in London, Munich, Paris, Berlin, Amsterdam, Tokyo plus New York and Los Angeles via LD&A Redwood, LD&A Jupiter has a presence in the most important financial and digital technology hubs. LD&A Jupiter has completed over 200 transactions of which 70% have been cross border, including cross-continental to America and Asia.
