Ardian completed the acquisition of a stake in NetCo Group from IK Investment Partners and Andera Partners.

Ardian completed its acquisition of a stake in NetCo Group, a specialist in preventive and curative maintenance of conveyor systems, from IK Investment Partners and Andera Partners, two private equity firms. Financial terms were not disclosed. "NetCo's excellent reputation and the quality of the management team led by Samuel and James Perriez 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," Alexis Lavaillote, Ardian Managing Director.