MHA advises Document Logistix on sale to private-equity-backed Whitevision
A UK-based developer of document automation and management software has been acquired by a Netherlands-based specialist in intelligent document processing (IDP) software in a transaction that will support significant international expansion for both businesses.
Document Logistix, founded in 2011 and headquartered in Milton Keynes, has been acquired by Whitevision, based in Breda, Netherlands. It marks the fourth step in Whitevision’s buy-and-build strategy and its first international acquisition since partnering with private equity firm Main Capital Partners.
The corporate finance team at accountancy and advisory firm MHA served as lead adviser to Document Logistix, drawing on its deep industry expertise to design and execute a rigorous international process to identify and engage potential acquirers. MHA led negotiations that secured a strategic partnership with Whitevision which positions Document Logistix for continued growth and delivers optimal value for its shareholders.
Document Logistix specialises in automating key document workflows, including accounts payable and HR processes, and has a dominant position in the logistics, education, real estate, and professional services industries; its UK and US customers include DHL, University of Oxford, and the Texas Department of Public Safety.
Founded in 2005, Whitevision helps customers attain significant efficiencies through workflow automation related to the invoicing process, and is prominent in sectors including construction, professional services, technology, logistics, and automotive.
It serves over 2,000 customers for which it processes over 20 million documents annually. The acquisition marks Whitevision’s expansion into the UK and US markets with its comprehensive document automation offering.
Integrating Whitevision’s end-to-end IDP offering with Document Logistix’s best-in-class document management and automation suite is expected to unlock significant cross-selling opportunities, further accelerating growth for both organisations.
Dan Wajzner, Managing Director of Document Logistix, added:
“Joining forces with Whitevision creates exciting opportunities for our customers and our team. Together, we can deliver a broader, more innovative product suite while leveraging our combined expertise to drive growth across multiple geographies.”
Dan added:
“MHA played a pivotal role in guiding us through this process. Their expertise, sector knowledge, commitment, and hands-on support gave us complete confidence at each stage.
“We are excited about the opportunities the partnership with Whitevision brings and grateful to the MHA team for their contribution and clear guidance throughout.”
James Lawson, Corporate Finance Partner at MHA, said:
“Document Logistix’s reputation as a leading document automation and management software vendor in the UK and US made it an ideal acquisition target for Whitevision. Alignment between the two companies was apparent early on, and we are confident this collaboration will accelerate international growth, fulfil shareholder objectives, and provide new opportunities for the team’s advancement.”
Frank de Wit, Chief Executive Officer and Founder of Whitevision, said:
“The acquisition of Document Logistix is a pivotal moment for Whitevision. The combination further strengthens our Intelligent Document Processing and Document Management capabilities and marks our entry into the US and UK markets. This step accelerates our ambition to become a leading international player in document automation and workflow solutions.”
Sjoerd Aarts, Managing Partner and Head of Benelux at Main Capital Partners, also headquartered in The Netherlands, concluded:
“This acquisition represents a significant strategic step for Whitevision accelerating its international growth and laying the foundation for future expansion. This combination reflects our commitment to creating leading international software groups through targeted buy-and-build initiatives.”
ENDS.
MHA is the UK member firm of Baker Tilly International and an AIM listed company. Ranked as the 11th largest accountancy group in the UK and Republic of Ireland, it reported a turnover of £224m (FY2024/2025), with over 2300 staff, 150 partners, and operates from 30 offices across England, Scotland, Wales, Ireland, South East Europe and the Cayman Islands.
MHA is an independent member firm of Baker Tilly International, the world’s 8th largest global network of independently owned and managed accountancy and business advisory firms, with revenues of $7bn and 43,515 people operating across 143 territories.*
*Based on the 2024 IAB World Survey, adjusted for 2025 revenue rate.