NPM acquires Iddink from Nordian

Iddink's management team have retained a minority shareholding in the business. The deal is valued at around €100m, according to Dutch daily Het Financieele Dagblad.

Under NPM's ownership, the company plans on further developing its offering for a digital school environment, as Iddink believes the current trend is towards the digitisation of education for schools.

NPM will provide additional capital to the company in the future for acquisitions.

Previous investment
Nordian (then Rabo Capital) invested in Iddink in April 2008. At the time of Nordian's investment, Iddink was a supplier of school books and other materials to the secondary market, serving around 200,000 students in the Netherlands.

Company
Founded in 1922 and headquartered in Ede, Iddink supplies learning materials and educational services for secondary schools. The company's Magister product is an online platform designed to allow schools to conduct administrative, learning, supervisory and management processes.

The company also offers services such as the delivery of educational books and digital materials. It employs 150 staff and has a presence in the Netherlands, Belgium and Spain.

People
Wijnand Spring in 't Veld is the CEO of Iddink. Kees Arends is the CEO of NPM.

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• Topics
• Benelux
• Buyouts
• Support services
• Netherlands
• NPM Capital
• Secondary buyout