19th December 2022

Pemberton supports FSN Capital’s acquisition of Dutch IT services provider ilionx


Pemberton, a leading alternative credit specialist, today announces that it has provided financing to support the acquisition of ilionx, a Dutch IT services provider, by a fund overseen by Northern European private equity investment firm, FSN Capital Partners.

Headquartered in Utrecht, ilionx has over 1,200 employees across thirteen locations in the Netherlands, including in Amsterdam, Groningen, Maastricht and Eindhoven. It offers digital strategy, cloud-oriented application development, data and AI solutions, hyperautomation and managed services to organisations that are fundamental to the Dutch economy. ilionx was founded 20 years ago and has over time demonstrated a strong ability to grow with its customers and become a trusted, long-term IT-Services provider.

The deal, supported by Pemberton’s Mid-Market Debt Strategy, marks the firm’s second transaction with FSN Capital this year, following the financing of FSN Capital’s acquisition of Bäcker Görtz in September.

The transaction is subject to approval by the competition authorities and the Works Council.

We are impressed by ilionx’s value proposition and its strong relationships with leading companies in the Dutch IT services market. We look forward to partnering with FSN Capital again, from our local offices in Frankfurt and Amsterdam, to help drive organic growth and further build upon ilionx’s impressive track record.

– Boris Harmsen, Head of Benelux at Pemberton

Having a strong financing partner who understands the market and business of ilionx is very important to us. Pemberton’s deep understanding and experience in the IT Services market and the provision of a financing structure which also includes additional growth capital will help us to realise the company’s full potential.

– Marcus Egelstig, Partner at FSN Capital Partners, investment advisor to FSN Capital VI

About the author

Boris Harmsen

Managing Director, Benelux