Nonius completes €11 Million Round of Financing
Nonius, graduated company from UPTEC - Science and Technology Park of University of Porto, announced that Chief Executive Officer/Founder, António Silva, along with Chief Technology Officer/Founder Leonel Domingues have led the managementbuyout of the company backed by Oxy Capital Mezzanine Fund. In this operation, the founders are increasing their stake in Nonius and creating a new shareholder structure where seed and venture capital investors successfully exit their investments and are replaced by Private Equity, as part of a new ambitious growth cycle, and continue what has been a history of success since the company was founded.
With expected global sales of over €7 million for 2015, Nonius has established a strong presence across Europe, the Middle East, Africa and Latin America, working with key international customers such as Accor, IHG, Pestana, Corinthia, Meliá, WyndhamTryp, Starwood, Uniworld, Eurostars, Transamérica, Estanplaza, Blue Tree, Belmond, Tivoli, Altis and Sana.
“We’ve seen considerable growth year after year since our foundation in 2005 and we are proud that in a moment we have celebrating our 10th anniversary we service more than 110,000 rooms worldwide with our guest facing technologies”, said António Silva. Adding, “We are grateful for all the support that initial investors Beta Capital, PME Investimentos, Caixa Capital and Impresa gave us to reach this stage and for providing us with the resources needed to establish our global presence.”
Nonius initial investors, seed and venture capital investors Beta Capital, PME Investimentos and Caixa Capital, together with Impresa as corporate investor, successfully exit their investments in the company with superior returns.
The operation involves funds of a total of €11 million, comprising a mezzanine investment from Oxy Capital, that together with a new bank financing line, give Nonius the financial strength to execute its ambitious and sustainable growth plan to become a global leader for digital guest services.
António Silva adds, “Our new partner, Oxy Capital, demonstrated to trust in our team and our business plan for growth in the future, reaching new target geographies and developing new technologies in order to continue to deliver, and improve, our excellent standards of service to our customers”.
Commenting on the transaction, Daniel Viana, partner of Oxy Capital, said “Nonius has the features that we look for to invest the Mezzanine Fund: a solid and ambitious management team that founded a company that currently ranks in the top 10 worldwide of its sector and wants to continue to grow but needs long term capital to support its expansion plan“.
Legal advisors on the transaction were André Pereira Branco, founding partner of Pereira Branco & Associados, representing Nonius, and PLMJ, representing Oxy Capital.