Ergon Capital Partners to back CompaNanny

Ergon is looking to invest via its Ergon Capital Partners IV, which closed in March last year on €580m. The fund makes buyout investments in mid-market companies, investing €25-75m in equity.

The deal was sourced via a limited auction and sees Ergon acquire a substantial minority, Unquote understands. 

The transaction is currently being reviewed by the Dutch competition authority. 

Ergon declined to comment on the transaction. 

The deal follows another private equity transaction in the childcare services space that took place in the past 12 months: Navitas Capital's Partou and Onex Partners' KidsFoundation, both Dutch childcare companies, announced plans to merge in Q2 last year, with PE firms Onex and Waterland becoming the main shareholders in the combined business. The new organisation was said to provide daily care for around 60,000 children, employing 8,000 people at more than 650 locations throughout the Netherlands.

Company 
Founded in 2003 and based in Amsterdam, CompaNanny operates 30 child day care centres and employs around 1,000 people, the Dutch daily Het Financieele Dagblad reported. The business generates approximately €50mm in turnover, Unquote has learned. 

CompaNanny also has a presence in Switzerland.

People 
CompaNanny – Bas Beek (founder). 

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• Ergon Capital Partners