Ardian, a private investment house, has acquired a stake in NetCo Group, following investment from funds managed by IK Investment Partners and Andera Partners.
NetCo provides general maintenance and servicing of conveyor systems across a wide range of production sectors – particularly food processing, logistics, minerals and agro-food.
Alexis Lavaillote, managing director of Ardian Expansion, said, “We have been impressed by the growth of NetCo and we are looking forward to working with its exceptional management team in a family business. The Group’s excellent reputation and the quality of the management team led by Samuel and James Perriez have enabled it to become a major European player. Supporting NetCo in the next stage of its development through this strategic partnership is a great opportunity.”
Samuel and James Perriez from NetCo added, “Our goal, to accelerate our international development by capitalising on our values, the ones of a family business, means that we see Ardian as a natural fit with whom to join forces. We believe the Expansion team has all the skills and expertise necessary to enable NetCo Group to achieve its growth ambitions.”
Pierre Gallix and Arnaud Bosc, partners at IK and advisors to the IK Small Cap II Fund, commented: “The transformation of NetCo into a leading player on the European market in just two years demonstrates IK’s value as an investor and partner. We have been delighted to support them in their growth and would like to take this opportunity to congratulate Samuel and James Perriez for their exceptional leadership and wish them and Ardian all the best for this new chapter.”
François-Xavier Mauron, partner and Arthur Milliard, investment director of Andera MidCap added, “We met Samuel and James Perriez in 2016 and we are very proud to have supported them in their growth, which has seen the company more than tripled in size in fewer than four years. Netco has grown into an international player through its organic and external growth that has been accelerated by the support of our fellow partners at IK since 2019.”