Mentha Capital acquires Aethon

With Mentha's support, Aethon will look to keep enhancing its services in the field of temporary and flexible employment, potentially targeting new sectors and clients.

According to the Financial Times, Aethon has recorded an average growth of 40% per year in recent years and now serves 200 municipalities in the Netherlands.

Financial details of the transaction were not disclosed, but Mentha is likely to have invested through its latest fund, Mentha Capital V, which closed on €143m in January. Fund V is a small-to-mid-cap buyout fund pursuing a strategy similar to that of its predecessor, targeting businesses with an EBITDA ranging between €2-10m with equity tickets per transaction of €5-25m. 

The GP was not available for comment at the time of writing.

Company
Founded in 2005 by Geert van Mourik and Casper Bannet, Aethon is an employment agency for students and young professionals, providing staff to health institutions, municipalities and housing associations. The company also develops and invests in targeted practical programmes for employees.

Aethon is based in Rijswijk, the Netherlands.

People
Mentha Capital – Gijs Botman (managing partner).
Aethon – Casper Bannet (CEO).

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