Sofindev acquires Euphoria Mobility: Meet the M&A advisors behind the deal
Euphoria Mobility, a Dutch provider of tech-driven mobility solutions, has been acquired by Sofindev Private Equity Partners. M&A advisors from eight firms supported the closing of the deal.
Founded in 1993, Euphoria Mobility provides passenger transportation companies with a software platform for trip planning, booking, dispatch, ride registration and mobile data communication. Its technology supports hundreds of public and private fleet operators across the Netherlands, Belgium, Norway, Finland, Sweden, and the UAE.
The platform essentially forms the backbone of daily operations (integrated with ERP), and provides the operational data needed to boost efficiency, enhance the passenger experience, and comply with regulatory requirements.
Following the acquisition by Sofindev Private Equity Partners, a Belgian private equity firm, Euphoria Mobility will have the capital to accelerate its international growth, enhance its technology platform, and launch new products. Other objectives include expanding the reseller network and entering new markets.
“We are delighted to welcome Sofindev. We look forward to further scaling the business with a partner who understands our sector and culture, and shares our long-term vision,” said Toshin Tjin-A-Sie, CEO of Euphoria Mobility.
The dealmakers
The CEO and the company’s shareholders were assisted during the deal by Oaklins and 9Corporate, with Deloitte providing vendor due diligence services. Atlas provided tax advisory services.
Buyer Sofindev meanwhile received strategic and commercial due diligence support from Analysys Mason, with LDS Advisory was hired for the financial due diligence. VanLoman delivered the tax due diligence, with Lexence leading the legal side of the transaction.
Commenting on the deal, Simon Fischer, Managing Partner & European Co-lead of Private Equity at Analysys Mason, said: “We congratulate Sofindev on its successful acquisition of Euphoria Mobility through its Sofindev VI fund, marking an important step in expanding its portfolio with this leading Benelux telematics solutions provider and supporting the company’s future growth and international ambitions.”
Tijn Bastiaans, Partner at Oaklins, said: “Our teams in the Netherlands and Ireland acted as the exclusive sell-side advisors to the shareholders of Euphoria Mobility. This transaction builds on Oaklins’ strong track record in enterprise software and mobility technology, while further deepening insights into SaaS business models, sector-specific valuation drivers and the evolving European software investment landscape.”
