Mentha Capital acquires majority stake in Destiny.
Mentha Capital will support the cloud telecom operator to further penetrate the Belgian market and realize international growth.
Destiny, founded in 2008, is one of the fastest growing B2B telecom players in Belgium. The company employs 56 people and generated an annual turnover of € 13 million in 2015. Destiny is a one-stop-shop for the integration of traditional telecom services (VOIP, mobile, Internet), Unified Communications solutions and cloud applications. Daan De Wever, Managing Director and co-founder of Destiny: “Within the highly fragmented cloud and telecom market, we have a clear and strong ambition to lead the next wave of consolidation. In the short term Destiny has concrete plans to make focused (international) acquisitions. We are pleased with the support of Mentha Capital as a financial partner with the necessary expertise to realize our ambitions. ”
Edo Pfennings, Partner at Mentha Capital: “We are convinced of the growth potential and further developments within the cloud and telecom market. We see an important role for Destiny, as a young and innovative company securing success in this segment. We are therefore delighted to contribute the necessary capital and expertise to support Destiny’s management in realizing its ambitions.”