Main Capital Partners enters PropTech market with Zig acquisition

Submitted 04/11/2021 - 10:03am

Main Capital Partners has acquired a majority stake in Zig Websoftware, a developer of solutions for housing corporations, student accommodation, commercial property management, and housing allocation.

Today, over 160 real estate organisations and 1.8 million tenants and housing market entrants use Zig’s software.

Zig has been active in the real estate industry for more than 20 years. The core offering of Zig’s solution is an innovative smart platform aimed at efficient housing and rental allocation. In addition, Zig offers solutions that enable tenants to manage their own affairs online or via an app such as payments, reporting complaints, submitting repair requests or to cancel a rental tenancy agreement. The company places a keen focus on continuous product innovation as a clear market differentiator in which the customer experience is absolutely paramount.

Supported by Main’s strong track record and expertise in the European software market, Zig will look to further develop its product portfolio and offer a more value-added experience to its customer base. Main will continue to support Zig through its market knowledge, capital deployment and non-organic growth strategies.

Gerbert Kooij, Director at Zig, says: “We see this new partnership with Main as a significant step in achieving accelerated growth. With Main as our strategic partner, we are excited about the opportunity to expand our existing client portfolio in both the housing and commercial real estate markets and to further optimise our software in a sustained manner. We are confident that through this collaboration we will be able to innovate faster and respond better to market developments.”

Pieter van Bodegraven, Managing Partner Benelux at Main, adds: “Zig has a very strong and talented management team and we are very excited to grow together with them in the real estate market. Our ambition is to further strengthen Zig’s market position as a full-service provider for social and commercial real estate organisations, through both organic growth and a buy-and-build strategy.”

Van Bodegraven says: “Globally, the PropTech market is estimated to be worth around USD17 billion. Zig operates in parts of that market where we see and expect strong growth, anticipated to be in the region of 20 per cent plus per annum over the next few years. Growth in PropTech and property management software is driven in part by the continued demand for suitable housing, the energy transition and the requirement to comprehensively manage housing and building portfolios, such as those of housing corporations.”

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