Nestor Joins Forces with Down2Earth for European Expansion
Deal News | Mar 13, 2025 | Down 2 Earth Capital NV
Nestor, a prominent employment agency specializing in staffing for individuals aged 60 and above in Belgium and the Netherlands, has partnered with Down2Earth Capital, a private equity firm, to bolster its European expansion strategy. This strategic alliance aims to capitalize on the increasing demand for flexible work arrangements among retirees. As Nestor aims to expand its footprint across Europe, it continues to focus on organic and acquisition-led growth, supported by Integra Partners, which joined Nestor in 2022. With plans to build upon its strong market presence in the Benelux region, Nestor intends to further enhance its business model, embracing the demand for labor market flexibility. The partnership further aims to leverage Nestor's unique position and digital infrastructure to foster sustainable growth across multiple European countries.
Sectors
- Employment Services
- Private Equity
Geography
- Belgium – Nestor is headquartered in Belgium and has a significant market presence there. Down2Earth Capital is also based in Belgium.
- Netherlands – Nestor has expanded into the Dutch market and operates under the brands ErvarenJaren and 65plus.
- Europe – Nestor's strategic growth plan includes expansion across Europe, targeting an increase in market reach and impact in the flexible labor market.
Industry
- Employment Services – Nestor operates in the employment services sector, providing staffing solutions for individuals aged 60+ and retirees. The company's focus on flexible work arrangements positions it within this industry.
- Private Equity – Down2Earth Capital and Integra Partners are both private equity firms, investing in Nestor to support its expansion and strategic growth plans in the European market.
Financials
- EUR 28 million – Nestor achieved a turnover of more than EUR 28 million in 2024, quadrupling since Integra Partners' entry.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nestor | Target Company | Company | A staffing agency specializing in employment for individuals aged 60 and over, operating primarily in Belgium and the Netherlands. |
| Down2Earth Capital | Private Equity Firm | Company | An independent private equity fund focusing on small and medium-sized transactions in Belgium. |
| Integra Partners | Investor | Company | An independent private equity fund based in Belgium, known for its co-investment strategies. |
| VDP | Advisor | Company | Advisor on the transaction between Nestor and Down2Earth Capital. |
| Mathieu Vandenhende | Co-CEO | Person | Co-founder and Co-CEO of Nestor. |
| Nicolas Moerman | Co-CEO | Person | Co-founder and Co-CEO of Nestor. |
| Alain Keppens | Partner | Person | Partner at Down2Earth Capital. |
| Bernard Hendrickx | Partner | Person | Partner at Integra Partners. |