IK PARTNERS takes majority stake in NETCO GROUP

This secondary buyout transaction represents the complete ownership transition from Andera Partners to IK Investment Partners’ Small Cap II Fund, executing at a strategic inflection point to transition NetCo from a regional leader into an institutionalized, pan-European conveyor maintenance platform. The investment logic centers on scaling NetCo's proven, programmatic roll-up capability—demonstrated by the successful integration of fourteen bolt-on acquisitions over the prior three years, including the cross-border acquisition of ABM Tecna in Belgium—into larger, fragmented European geographies. Management continuity is fully preserved as Samuel and James Perriez retain operational leadership and significant equity alignment, ensuring that local customer relationships and decentralized branch execution remain intact during the platform’s international expansion phase. Post-closing capital deployment priorities will focus on targeting programmatic acquisitions in the highly fragmented DACH and Benelux markets, institutionalizing the group's central procurement workflows to capture volume rebates from industrial rubber and polymer manufacturers, and rolling out unified multi-brand service contracts to secure pan-European corporate industrial accounts.