​AKD provided legal assistance to the shareholders of business intelligence (BI) and advanced analytics specialist Hot ITem Groep B.V. and its subsidiaries (together: Hot ITem) on the sale and transfer of shares to Conclusion B.V.

About Hot ITem
Hot ITem is one of the leading BI and analytics services providers active in the Netherlands. With around 250 specialists, Hot ITem assists clients in the field of BI and data engineering (Hot ITem), advanced analytics and big data engineering (Future Facts), competence development for data driven organisations (Hot ITem Academy), management of hybrid data environments (HIBRID) and data management for pension funds (DataTrust).

Hot ITem is renowned for an approach of quickly generating business value with its clients through innovative projects and at the same time realising a future-proof data foundation for BI and analytics solutions. Hot ITem distinguishes itself by bridging the gap between business and IT. In doing so, Hot ITem pays attention to the organisational side of 'data driven', by stimulating data driven decision-making, building data expertise with clients and creating a data driven culture.

About Conclusion
Conclusion is active in the field of business transformation and IT services and focuses on data driven transformations and process optimisation. Conclusion provides services to a wide range of clients, among which start-ups, scale-ups and established businesses. With the reinforcement of Hot ITem, Conclusion is able to support clients even better in their transformations and optimising processes. With companies such as AMIS, Conclusion Connect and Yellowtail in Conclusion's ecosystem, a solid foundation is already in place. Conclusion has been part of NPM Capital, investment company of the Fentener van Vlissingen family, since 2016.

About De Hoge Dennen Capital
De Hoge Dennen Capital PE is the private equity arm of the De Rijcke family's investment and participation company. De Hoge Dennen Capital PE currently mainly invests in medium-sized (family) companies with headquarters in the Netherlands, which distinguish themselves through ambitious management and excellent growth prospects.

The transaction has been submitted for approval to the ACM.

A press release in Dutch can be found here.

Team
AKD's Dutch M&A-team consisted of Nathalie van Woerkom, Rosanne Vlasveld and Jos Kroep. Robert Jean Kloprogge and Sjoerd Waagmeester advised on tax related matters.