Paris, 29 July 2024 – Seven2, formerly known as Apax Partners, a leading European private equity firm, announces the majority recapitalization of Lumion, a leading provider of 3D visualization software for the AEC industry, including architects, interior designers and landscape architects.
The Founders alongside the Management Team, led by Thomas Sønderby, will significantly reinvest alongside Seven2. This transaction, which represents Lumion’s primary majority transaction, underscores a strategic partnership aimed at accelerating the company’s growth and innovation.
Lumion, headquartered in Sassenheim, The Netherlands, is a leading provider of software solutions for the AEC industry, including architects, interior and landscape designers.
Lumion’s software creates high-quality, photo-realistic renders in real time through a sophisticated and user-friendly interface, making it an essential tool throughout the design process, from conception to ultimate commercialization. The company’s global distribution is supported by both a direct sales channel and an international network of resellers covering more than 110 countries. Over the past 18 months, Lumion transitioned to a full subscription model and has already reached c.€20 million in annual recurring revenue (ARR).
Seven2‘s investment positions Lumion for continued momentum in a rapidly expanding market, as the company embarks on future growth across the architectural workflow. Continued product innovation delivering best-in-class renderings, combined with ongoing professionalization in sales excellence, and customer success management will continue to drive rapid scaling of the business. Lumion will also consider targeted external growth opportunities, leveraging Seven2’s financial resources and extended network.
“This third investment in the Netherlands by Seven2’s MidMarket Fund X demonstrates our ability to identify attractive primary transactions across Europe. Having developed an exceptional product, Lumion is at a strategic juncture, primed to significantly accelerate its growth and solidify its position as a market leader. There are numerous initiatives to maintain a strong technological edge, enhance the commercial organization following the successful move to subscription, and address upcoming Generative AI opportunities. We are very proud to have the opportunity to partner with the Lumion team” said Henry Capelle, Seven2 Tech & Telecom Partner.
“We are thrilled to announce our partnership with Seven2, which will help us elevate our company and accelerate our product innovation. This partnership reaffirms our commitment to being the preferred visualization tool for architects and enhances our ability to add value to the broader AEC sector” stated Thomas Sønderby, CEO of Lumion.
Seven2’s investment is being made by its Seven2 MidMarket Fund X and APEO fund – its dedicated life insurance and capitalisation contracts fund.
This document is a marketing communication. Please Refer to the by-laws and the fund’s information document before making any final investment decision.
Investing in private equity funds involves a risk of loss of capital and liquidity.
List of Seven2 stakeholders
Acquirer: Seven2 (Henry Capelle, Louis Berg, Arnaud Vigier, Laureen Pierre-Bes, Berend Smit)
Seven2 advisors:
- M&A advisor: Stifel (Cyrus Deboo)
- Corporate lawyers: Weil, Gotshal & Manges (Alexandre Duguay), Loyens & Loeff (Antoinette van der Hauw)
- Tax lawyers / Tax Due Diligence: Loyens & Loeff (Imme Kam), Arsene Taxand (Denis Andres)
- Commercial Due Diligence: McKinsey (Romain Hup)
- Financial Due Diligence: Alvarez & Marsal (Frédéric Steiner, Casperde Bruyn)
- Technology Due Diligence: Crosslake (Steve Derbyshire, Nayan Ruparelia)
- IT Due Diligence: Alvarez & Marsal (Sébastien Trochet)
- Insurance Due Diligence: Marsh (Arthur Kanashiro)
List of Lumion stakeholders
Seller: Lumion (Founders, Management team, and broader employee certificate holders)
Lumion advisors:
- M&A advisor: Harris Williams (Thierry Monjauze, Sylvain Noblet)
- Corporate lawyers: Lexence (Diederick de Boer), Gorrissen Federspiel (Christoffer Fode)
- Commercial Due Diligence: OC&C (Justin Walkers, James Bridges)
- Financial & Tax Due Diligence: Deloitte (Arnoud Oltmans, Lennart Smit)
- Technology Due Diligence: Endava (Calum Kennedy)
Press contacts
Lauren Bardet
Seven2 – Communications Director
+33 6 16 32 72 82
lauren.bardet@seven2.eu
Jérôme Goaër – Verbatee
+33 6 61 61 79 34
j.goaer@verbatee.com
Valérie Sabineu – Verbatee
+33 6 61 61 76 73
v.sabineu@verbatee.com
