Ardian acquired a majority stake in Trustteam from Naxicap Partners.

Ardian acquired a majority stake in Trustteam, an information and communication technology provider based in Belgium, from Naxicap Partners. Financial terms were not disclosed. Arnaud Dufer, Head of Ardian Expansion France, said: “We have been impressed by Trustteam’s track record and ambition to consolidate the business both in Belgium and in France. Indeed, Trustteam operates in a highly fragmented market which presents a number of build-up opportunities. The transaction fits perfectly with the investment strategy of Ardian Expansion which has a strong expertise in the implementation of ambitious Buy-and-Build strategies.”