Alantra advises Foreman Capital on its majority investment in Xomnia



Nov 2023
Buy-side advisory

Amsterdam – Alantra, the independent global mid-market financial services firm, has advised Foreman Capital on its majority investment in Xomnia, a fast-growing consultancy organization that is active in data science, data engineering and artificial intelligence.

Xomnia was founded 10 years ago by Ollie Dapper and William van Lith and is based in Amsterdam, where it currently employs a total of 85 people. The company has shown strong growth in recent years and has been awarded the FD Gazelle award multiple times. Jordi Hompes was added to the board of directors in mid-2022 to take over operational responsibility from the founders.

Ollie Dapper and William van Lith will remain involved in Xomnia as shareholders and Foreman Capital will support Xomnia’s management in accelerating its growth strategy.

Alantra is one of the most active advisers in the technology consulting sector, with sixteen deals completed this year alone, having advised MML Capital Partners on its investment in MIcompany, Perwyn on its investment in Datatonic and JMAN Group on an investment from Baird Capital; the sales of Objectivity to Accenture and BreakFree Solutions to ThoughtFocus; and the merger of Appsbroker with CTS, amongst others.  

Lodewijk Sodderland, Managing Director Alantra Netherlands, said, “This deal builds on Alantra’s credentials in the artificial intelligence consulting sector and we look forward to supporting Foreman and the Xomnia team achieve their ambitious growth plan.”

Simon Roberts, Director in Alantra’s Global Technology Team, added, “There is still significant liquidity available for high quality technology consulting firms. We see no slowdown in momentum with ongoing interest from both private equity and strategic acquirers in profitable businesses with enterprise clients in AI, digital engineering and data analytics in particular.”

Jordi Hompes, on behalf of Xomnia’s board of directors, said, “We look forward to continuing to build Xomnia together with Foreman and jointly shape the international growth strategy. With Foreman we get a shareholder on board that provides capital to realise buy-and-build and contributes know-how to enable further growth and professionalization.” Maxime Rosset, Investment Director at Foreman Capital, said, “We are impressed by Xomnia’s position within the Dutch market for data-related services, a sector for which international growth prospects are strong and which offers ample opportunities for consolidation. We are convinced that together with management we can further expand Xomnia internationally in the coming years, both organically and through acquisitions.”

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