Investcorp Technology Partners acquires NetRom Software
Investcorp Technology Partners (ITP), a leading global technology investor, has acquired a majority stake in NetRom Group B.V.. PhiDelphi Corporate Finance acted as buy-side advisor to ITP in this cross-border transaction.
Located in the Netherlands and Romania, NetRom is a cloud-first digital engineering company that develops business-critical custom software applications. The company serves both corporates and ISVs in 8 countries across Europe and the US.
Investcorp Technology Partners has established a market-leading position of investing in lower mid-market technology companies with a specific focus on Software, Data / Analytics, Cyber Security and Fintech.
Georg Knoflach, Managing Director at ITP: “We are very pleased with the opportunity to partner with NetRom’s management team to further accelerate its growth trajectory. PhiDelphi’s in-depth knowledge of the company and the market it operates in, together with their efficient process support, helped us to be excellently positioned to win this transaction”.
Willem Daris, partner at PhiDelphi: “From day one we believed that there was a strong cultural fit between the ITP and NetRom teams and we are very pleased that we could again play a role in NetRom’s impressive growth trajectory.”
After advising NetRom’s former shareholders on the sale of their shares to IceLake Capital back in 2019, PhiDelphi now had the opportunity to help ITP as a new shareholder on board at NetRom. With this latest transaction, PhiDelphi further strengthens its experience in the IT sector. Other selected transactions in this sector include the sale of Leadinfo to team.blue; the sale of Antagonist to One.com and the sale of Visionplanner to Visma.