Divestment of Quarto to Twelve

Transaction
Twelve B.V. acquired 100% of the shares in Quarto B.V. and Quarto België N.V. Rembrandt Mergers & Acquisitions advised the seller in realizing this transaction.

Quarto
Quarto is a specialist on register systems and payment solutions, focused on catering, museums and healthcare clients. Quarto was founded 25 years ago and holds various certificates, such as ISO 27001/NEN-7510.

More information is available at: www.quarto.nl.

Twelve
Twelve is market leader in payment solutions aimed at sportclubs, sportlocations and events. Due to this acquisition, Twelve almost doubles in size, to approximately 100 employees. Twelve was founded 11 years ago and provides register- and payment solutions to clients such as Johan Cruijff ArenA in Amsterdam and Philips Stadium in Eindhoven. Its payment solutions are used in over 2500 sport canteens, 700 eat and drink establishments, 15 stadiums and at over 200 events.

More information is available at: www.twelve.eu.