Successful Series B and C financing of Anachron BV. Ehrhardt Leus & Associates represented Anachron, a European leader in Electronic Bill Presentment and Payment, in these two financing rounds.
After a Management Buy Out in 2004, Anachron has successfully expanded its customer base, both in the Netherlands and abroad. To be able to benefit from the momentum in the market for Business Process Outsourcing, and more specifically for Electronic Bill Presentment and Payment, Anachron decided to attract expansion capital. ING Corporate Investments recognized the strategic and financial potential of Anachron and decided to provide capital and take a stake in the Company. Ehrhardt Leus & Associates supported Anachron in this process. Through the additional financial resources and the strategic alliance with ING, Anachron was able to further accelerate growth both nationally and internationally.
In 2011, ING Corporate Investments decided to divest Anachron, due to a strategic restructuring of ING Corporate Investment’s portfolio. ING Commercial Finance recognized the strategic importance of Anachron, and decided to acquire the Anachron shares from ING Corporate Investments, and provide additional growth capital.
About Anachron
Anachron was founded in 1999, as a pioneer in Electronic Bill Presentment and Payment (EBPP). Its customers are companies sending out or receiving large numbers of invoices. Anachron enables its customers to obtain tight control and significant cost savings over the Accounts Receivables and/or the Accounts Payable by fully automating the associated processes, while meeting complex EU legislative requirements. The service offering of Anachron is web-based, covers over 30 countries and multiple currencies and enables its customers to pay on a per-invoice basis. Anachron is recognized by Forrester Research as a leading European EBPP specialist. For more information about Anachron, please visit: www.anachron.com
About ING Corporate Investments
ING Corporate Investments is specialized in offering packaged financing solutions for mid-sized corporations in both Belgium and the Netherlands. www.ing.nl
About ING Commercial Finance
ING Commercial Finance helps companies raise working capital by financing their receivables, inventory and purchase orders, also known as factoring. www.ing.nl
