Nonius Software: Venture capital harvesting

Details

Supervisors

Grégoire, Philippe

Faculty

Louvain School of Management

Degree label

Master [120] en sciences de gestion

Abstract

This case study discusses the initial opportunity, strategic decisions and financing options of Nonius Software, a Portuguese company providing hospitality technology. The case is particularly focused on the founders’ available alternatives when venture capital investors, that provided growth funding to the company, decide to harvest their investments. António Silva, the company CEO, must decide between an IPO, a trade sale, new venture capital or private equity investors or a MBO. He evaluates the implications of each option on providing an exit to the departing investors, while trying to regain decision power and fund future growth.