09 March 2023

Capital A invests in Pimm Solutions

Pimm Solutions attracts investor Capital A for next growth phase

Pimm Solutions, award-winning scale-up and market leader in employee gifting has attracted Capital A as its new majority shareholder for the company’s next growth phase. This phase will be led by the current management team, consisting of Rick van Nispen and Joost van Kalmthout, who are also major shareholders.

Over the past decade, e-commerce company Pimm Solutions has become the market leader in employee gifting. Customers include the Dutch Police, PostNL, Rabobank, Stedin, and Nationale Nederlanden. Pimm adds value by centralizing the gift purchasing process through one platform with employer-branded webshops and extensive integrations with purchase-to-pay and ERP systems. Leveraging Capital A's expertise, network and access to capital, the management team of Pimm Solutions aims to further expand the company and take accelerated international steps.

Rick van Nispen: "Pimm Solutions is thrilled to attract Capital A as our new majority investor and are convinced that Capital A is the right party to support us in the acceleration of our growth strategy by providing not only capital, but a vast network and expertise as well."

Jurcell Virginia: "We have been very impressed by the quality and growth potential of the Pimm Solutions platform. We look forward to working with management in further expanding their leading position and realising strong international growth."

Pimm is an e-commerce platform for smart procurement of business gifts and attentions, such as gift cards, flowers, wine, cake, and other gifts. Pimm specializes in tailspend management: providing a solution that saves on indirect process costs and reducing the number of suppliers by centralizing the gift purchasing process on one platform. Pimm Solutions is one of the largest business webshops in the Netherlands and has received six FD Gazellen Awards, three Deloitte Technology Fast-50 Awards, and various other awards in recent years. The office of Pimm is located on the Westblaak in the heart of Rotterdam Center.

Capital A is a private equity firm with offices in Amsterdam and Antwerp that focuses on companies in the Netherlands and Belgium with a strong growth outlook (whether autonomous or acquisitive). Capital A provides access to a large complementary network, expertise in financial and strategic matters, and hands-on support where necessary, such as with further acquisitions.

Pimm Solutions was advised by Lindenaar & Co Corporate Finance and Lexence. Capital A was, among others, advised by Corp. Advocaten.