Private Equity Firm Financial Services

NPM Capital

Amsterdam, North Holland, Netherlands

NPM Capital is an independent investment partner/investment firm that supports medium-sized and large companies with a head office in the Benelux. It focuses on family-owned enterprises and businesses with strong and dedicated management teams, supporting ambitions through active support on strategy, internationalisation, buy-and-build, appropriate financing and ESG goals.

Focus Areas
Private equity investment, Buy-and-build / platform building, ESG-focused investing

Tracked deals

15

15 tracked deals across 2019-2025.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

7 buyout · 4 addon · 4 growth capital

NPM Capital Acquisition Volume by Year

Last 7 years

Acquisition volume by year Annual acquisition counts for the last 7 years for NPM Capital. 1 2019 3 2020 3 2021 2 2022 1 2023 2 2024 3 2025

Supporting Data

Recent Transactions

Showing the 12 most recent of 15 tracked deals for NPM Capital.

  • Buyer
    NPM Capital, Elbfrost management
    Target
    Elbfrost
    Seller
    Bencis
    Industry
    Food & Beverage
    Location
    North Rhine-Westphalia, Germany
    Type
    Buyout

    NPM Capital has agreed to acquire a majority stake in Elbfrost, a Marl-based frozen food distributor and logistics services provider, with completion expected in Q3 2025 subject to regulatory approvals. The investment — NPM's first platform in the DACH region — will be made alongside Elbfrost management as sellers including prior investor Bencis exit. NPM will support Elbfrost's organic growth and strategic acquisitions to scale the business regionally.

  • Buyer
    NPM Capital
    Target
    NTS Group
    Industry
    Manufacturing
    Location
    North Brabant, Netherlands

    NPM Capital is acquiring a minority stake in NTS Group to support the Eindhoven-based supplier of complex (opto)mechatronic systems in accelerating its international growth and expanding production capacity across Europe, Asia and North America. The deal, which will help NTS scale for semiconductor and analytical OEM customers, is subject to regulatory approval and is expected to close in the first half of 2025.

  • Buyer
    Jeco Energies, NPM Capital
    Target
    Applitech BV
    Location
    North Holland, Netherlands
    Type
    Addon

    Belgian energy specialist Jeco Energies has acquired 100% of Applitech BV, a Amsterdam-based designer and manufacturer of low-voltage distribution and emergency power systems. The deal, supported by investor NPM Capital, expands Jeco's capabilities and presence in the Netherlands and complements its industrial energy distribution and service offering.

  • Buyer
    NPM Capital
    Target
    Jeco Energies
    Seller
    Jef van den Brande
    Industry
    Energy
    Location
    Antwerp, Belgium

    NPM Capital has agreed to acquire a significant minority interest in Belgian industrial energy solutions provider Jeco Energies to accelerate growth through strategic acquisitions and international expansion. The investment will provide capital, buy-and-build expertise and support Jeco's expansion of its rental fleet and international footprint while founder Jef van den Brande remains the majority shareholder.

  • Buyer
    Agro Care, NPM Capital
    Target
    CombiVliet
    Industry
    Agriculture
    Location
    South Holland, Netherlands
    Type
    Addon

    Agro Care (an NPM Capital–backed grower) and fellow Dutch tomato grower CombiVliet have merged and will operate under the name Agro Care, combining nearly 500 hectares of greenhouse production with ambitions to reach 1,000 hectares in the Netherlands and internationally. The deal aims to drive efficiency and sustainability through shared staff services, joint purchasing and a common headquarters; Kees van Veen will be CEO of the combined business while Roy van Vliet and Philip van Antwerpen will lead Dutch and Tunisian operations respectively.

  • Buyer
    NPM Capital
    Target
    HQ Group
    Industry
    Packaging
    Location
    North Brabant, Netherlands
    Type
    Buyout

    NPM Capital has agreed to become the majority shareholder in HQ Group, a Eindhoven-based provider of high-tech cleanroom packaging, production and return/cleaning services. The investment is intended to provide HQ Group with a long-term shareholder base and to support the company's expansion strategy and international growth; completion is subject to regulatory approval (ACM).

  • Buyer
    NPM Capital, Stratasys Ltd.
    Target
    MakerBot, Ultimaker
    Industry
    Manufacturing
    Type
    Buyout

    MakerBot and Ultimaker have agreed to merge under a new Ultimaker entity to accelerate global adoption of desktop 3D printing through an integrated ecosystem of hardware, software, and materials. The combined company is backed by NPM Capital and Stratasys, and Stratasys completed the merger effective August 31, 2022.

  • Buyer
    NPM Capital
    Target
    Caspar de Haan, De Variabele
    Industry
    Real Estate
    Location
    Netherlands
    Type
    Buyout

    Dutch private equity firm NPM Capital is partnering with family-owned maintenance firms Caspar de Haan and De Variabele to merge the two businesses into a new group (OMDUS) that will continue to operate under the existing brands. The combination—about 700 employees across 11 offices—aims to scale capabilities in real-estate maintenance and sustainability management and create a national platform for housing corporations and care homes.

  • Buyer
    NPM Capital
    Target
    KUBO
    Industry
    Agriculture
    Location
    South Holland, Netherlands

    Dutch investment firm NPM Capital has taken a minority stake in KUBO, a family-owned developer of high-tech greenhouse solutions. The investment will support KUBO's international expansion, organisational professionalisation and potential buy-and-build activity as the company scales its high-tech greenhouse, software and services offering.

  • Buyer
    Conclusion, NPM Capital
    Target
    D&A medical group
    Location
    Netherlands
    Type
    Buyout

    Conclusion, backed by investor NPM Capital, has acquired D&A medical group, a Dutch consultancy specialised in digital data exchange and EHR implementations for healthcare providers. D&A will operate as an independent organisation within Conclusion's ecosystem, combining with sister company Furore to strengthen Conclusion's healthcare IT, data exchange and digitalisation capabilities.

  • Buyer
    Bergman Clinics, NPM Capital
    Target
    Van Linschoten Specialisten (VLS)
    Location
    North Holland, Netherlands
    Type
    Addon

    Bergman Clinics acquired Van Linschoten Specialisten (VLS) in a merger completed in November 2020, announced by NPM Capital in April 2021. The integration expands Bergman Clinics' service offering into ENT (ear, nose and throat) care, including a specialised pediatric ENT programme.

  • Buyer
    NPM Capital
    Target
    Futurewhiz
    Seller
    Levine Leichtman Capital Partners
    Industry
    Education
    Location
    North Holland, Netherlands
    Type
    Buyout

    NPM Capital has acquired a majority stake in Futurewhiz, the parent company of Squla, WRTS and Scoyo, from Levine Leichtman Capital Partners. The Amsterdam-based education technology group (about 70 employees) operates online learning platforms across the Netherlands, Germany and Poland; NPM says the investment will support Futurewhiz's domestic and international growth ambitions.

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