PE Deals

Investcorp to buy NetRom Software

NetRom is a cloud-first, digital transformation and software engineering firm in the Benelux region.

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  • NetRom’s founders, management team and IceLake Capital will remain as shareholders  
  • Manama-based Investcorp is a global investment manager, specialising in alternative investments
  • IceLake, based in Amsterdam, the Netherlands, is a European private equity fund

Investcorp Technology Partners (ITP) has agreed to acquire a majority stake in NetRom Software, a cloud-first, digital transformation and software engineering firm in the Benelux region. No financial details of the deal were disclosed.

NetRom is headquartered in Utrecht, the Netherlands.

ITP’s investment will accelerate the company’s growth plans and will continue to invest in strengthening its delivery platform, as well as further expanding current and new service areas, industry verticals and geographies, according to a release.

This deal marks the third investment from ITP’s global fund, Investcorp Technology Partners V, following its investments in HWG and Zift Solutions.

“We have been impressed not only by the growth trajectory of the company over the last decade, but also by the founders’ and management team’s incredible commitment to their customers, employees, and state-of-the-art facilities,” said Georg Knoflach, managing director at ITP.

NetRom’s founders, management team and IceLake Capital, will remain as shareholders in the firm alongside ITP.

IceLake invested in NetRom 2019.

ITP focuses on investing in growing, European-headquartered technology companies with proven products and end markets.

Investcorp is a global investment manager, specialising in alternative investments across private equity, real estate, credit, absolute return strategies, GP stakes, infrastructure, and insurance asset management. The firm is headquartered in Manama, Bahrain.

ITP was advised by PhiDelphi Corporate Finance (M&A advisory), McDermott Will & Emery & Orange Clover (Legal), PwC (Commercial), and KPMG (Financial & Tax).

IceLake, based in Amsterdam, the Netherlands, is a European private equity fund with a focus on investing in exceptional companies active in business services, software, and healthcare verticals.