At what enterprise value was NETCO GROUP acquired in 2019?

You can find the full valuation details of NETCO GROUP on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Business Services industry currently tracks an average EBITDA multiple of 11.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of NETCO GROUP when it was acquired by IK PARTNERS?

The exact EV/EBITDA multiple for NETCO GROUP is available on mynth capital. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.1x. Join our community for free to access full valuation data and industry trends.

When was NETCO GROUP acquired by IK PARTNERS?

NETCO GROUP was acquired by IK PARTNERS in 2019.

What was the revenue of NETCO GROUP at the time of the deal?

The revenue of NETCO GROUP at the time of the deal is estimated to be in the range of 50M - 100M EUR. Register for free to access the full transaction report and exact valuation multiples.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the NETCO GROUP acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the NETCO GROUP deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://ikpartners.com/press-release/netco-reaches-a-final-agreement/

← DATABASE

Home Database Business ServicesNETCO GROUP

01/2019

IK PARTNERS takes majority stake in NETCO GROUP

FRANCE Facility Management / Maintenance REV 50M - 100M EUR

Context

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.

NETCO GROUP, which reported an EBITDA margin of LOGIN in 2017, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services sector (11.1x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in Business Services market trends

Target

NetCo Group is a premier European technology organization specializing in the comprehensive design, global maintenance, and servicing of industrial conveyor systems. The entity’s business model is built on a high-density service network, providing mission-critical support to essential sectors including minerals, food processing, logistics, and environmental management. Its value proposition is centered on technical durability and operational uptime, facilitating the continuous flow of materials within heavy and light industrial environments. Strategically, the firm focuses on a decentralized "service point" model, operating over 100 locations across France, Spain, Belgium, Germany, and Luxembourg. By integrating specialized technical expertise with rapid-response maintenance, the organization ensures a mission-critical role in the European productive economy. The firm prioritizes an aggressive "buy-and-build" strategy, professionalizing a historically fragmented market to maintain its regional leadership.

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List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
04/2026	EURAZEO	NETCO GROUP	FRANCE	Facility Management	Eurazeo has finalized a definitive agreement to acquire a majority stake in the target organization from its previous financial sponsor, Ardian. This strategic transaction marks a significant milestone in the group’s expansion, as the founding family reinvests substantially to accelerate the entity’s development as a global market leader
09/2022	NETCO GROUP	ESBELT	SPAIN	Chemicals & Materials	This bilateral transaction represents the 100% equity buyout of Esbelt by NetCo Group through the Richemon Group International holding structure, fulfilling Ardian's investment thesis of capturing margin expansion via cross-border upstream vertical integration
06/2021	ARDIAN	NETCO GROUP	FRANCE	Facility Management	Ardian, through its Expansion team, has successfully finalized the acquisition of a majority stake in NetCo Group, succeeding IK Investment Partners and Andera Partners. This strategic transaction marks a new phase of international growth for the century-old family business, which remains under the operational leadership of the founding family’s fourth generation

REFERENCES

Revenue range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of NETCO GROUP by IK PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: netco group

Acquirer: ik partners