Ardian has acquired a majority stake in NetCo Group

Founded in Bordeaux, France, in 1902 by the Perriez family, NetCo has established itself as a European leader in the market for general maintenance and servicing of conveyor systems across a wide range of production sectors—particularly food processing, logistics, minerals and agro-food.

Now led by Samuel and James Perriez, the fourth generation of the Perriez family, the group has recently expanded through a combination of strong organic growth as well as an ambitious acquisition strategy. This is evidenced by over 20 bolt-ons carried out since 2015, including the acquisition of Masanes in Spain in 2020, and in other European companies in the same sector, notably in Belgium and Germany. Today, the group manages a network of over 100 service points across France, Spain, Belgium, Germany and Luxembourg.

With the support of the Ardian Expansion team, NetCo’s management team intends to continue the group’s expansion strategy both in France and internationally, taking advantage of the growing outsourcing of maintenance services in Europe, a market still highly fragmented. Ardian Expansion thus plans to double the size of the group over the investment period.

Samuel and James stated, “Our goal to accelerate our international development by capitalizing 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 to achieve its growth ambitions.”

Alexis Lavaillote, Managing Partner within the Ardian Expansion team, added, “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 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.”

About Ardian Expansion

Ardian Expansion is a pan-European private equity firm with offices in France, Germany, Italy and Luxembourg. Endowed with a $2 billion fund since its last fundraising in 2020, it has achieved 62 investments in past and current portfolio companies over the last 18 years.

About NetCo

NetCo is the European specialist in the design, global maintenance and servicing of conveyor systems based on a network of over 100 service points and more than 950 employees.

Ardian NetCo IK Investment Partners Andera Partners 2021 Connect with a Senior Team Member
Apart from the seamless handling of several related matters in a very professional manner, another noteworthy contribution from Lincoln was in helping parties reach consensus at critical times.
Alexis Lavaillote
Managing Partner within the Ardian Expansion team

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