Eurazeo agreed on 13 April to acquire a majority stake in Netco Group, a Bordeaux-based provider of critical maintenance services for conveyor systems, from Ardian and the company's management. Financial terms were not disclosed.
Why Eurazeo is buying Netco Group
Eurazeo said it was proud to back the Perriez brothers, who lead the business, and pointed to Netco's market-leading positions in France, Spain and the Benelux and growing presence in the UK and Portugal. Ardian said it had supported Netco's development through a period of acquisitive growth.
Deal terms and financing
Eurazeo's Capital team buys the majority stake from Ardian and management, and Netco's founders reinvest alongside the new owner.
Regulatory approvals and timing
Completion was subject to customary formalities and regulatory approvals. According to Simpson Thacher, which advised the unitranche lenders financing the deal, the transaction closed on 15 September 2026.
Market context
Netco combines maintenance, distribution and PVC and PU belt manufacturing, serving minerals, energy, recycling and waste, agri-food, metallurgy and pharmaceutical customers. It has more than 1,400 employees, over 2,500 customers and more than 100 service points on four continents, and completed 20 acquisitions during Ardian's ownership.
