Around

What Around does

Around Partners is a privately-held Belgian investment firm that builds and operates a portfolio of fast-growing companies active in fragmented European service sectors. The firm pursues a buy-and-build strategy targeting people-driven, infrastructure-like businesses that provide essential services, with the long-term goal of creating sizeable pan-European market leaders. Around Partners is predominantly financed by its founders and managers, complemented by international blue chip investors, and operates from offices in Antwerp, Belgium and Hamburg, Germany.

The portfolio comprises seven wholly-owned operating companies spanning dental practices (Dentius, 120+ sites across Belgium, the Netherlands, and Germany), residential property management (Parte, 5,000 buildings across Belgium and Germany, with proprietary ERP software called Properly), veterinary clinics (Nesto, 55+ practices across Belgium, Luxembourg, and Germany), IT services for SMEs (On IT, 350+ accounts in Belgium), funeral services (Sereni, 220 locations across Belgium, Germany, and Poland), automated carwash operations (Falcon, 17 sites in the Netherlands), and accounting offices (Acont, France). Several portfolio companies leverage proprietary software platforms (Properly at Parte; centralized operational tooling at Sereni) and a shared data and analytics capability delivered through a partnership with Belgian consultancy Pykes.

The firm generates returns through long-term equity ownership in these operating platforms rather than fee-based fund management. Capital is sourced from founders, managers, and international blue chip investors, with co-investment partners (Florac, Netley, Verlinvest, Hg, Seven Lakes Partners) participating in individual platforms. Go-to-market for the underlying businesses is sales-led via dense local networks of partner practitioners, agencies, and direct SME relationships, while the firm itself sources new opportunities through direct outreach, referrals, and executive networks.

Name

Around

Legal name

Around Partners

Website

https://aroundpartners.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Around Partners is a privately-held Belgian investment firm that builds and operates a portfolio of seven fast-growing service companies (dental, property management, veterinary, IT, funeral, carwash, accounting) across six European countries via a buy-and-build strategy.

Ownership category

akta.pro rank

Product category

Private Equity Investment Firm

NAICS

Management of Companies and Enterprises (551), Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282), Non-Operating Establishments (9995)

akta.pro primary industry

Multi-Sector / Generalist Growth Equity (FSANACAO)

Keywords

• Private equity investing
• Buy-and-build strategy
• Portfolio company management
• Essential services sectors
• Pan-European consolidation

Headquarters

HQ city

Antwerp

HQ country

Belgium

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Investment Returns and Portfolio Company Ownership: Around Partners generates returns through equity ownership in portfolio companies including Dentius, Parte, Nesto, On IT, Sereni, Falcon, and Acont. The firm builds businesses over the long term with the goal of creating sizeable pan-European businesses with meaningful market share through buy-and-build strategies.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels3 records

Core offering

Around Partners is a privately-held investment firm that acquires and grows companies in fragmented European service-oriented sectors through a buy-and-build strategy. Its portfolio comprises seven operating businesses — Dentius (dental practices), Parte (residential property management), Nesto (veterinary clinics), On IT (SME IT services), Sereni (funeral services), Falcon (automated carwash) and Acont (accountancy offices) — with the long-term goal of building sizeable pan-European market leaders. The firm is predominantly financed by its founders and managers, complemented by international blue-chip investors.

Differentiator

Problem solved

Functional benefit

Products and services

• Dentius Network of 120+ dental practices across Belgium, the Netherlands and Germany offering high-quality dental care with a partnership-driven model that preserves practitioner autonomy, focused on patient comfort, prevention, transparency and professional development.
• Parte Real estate management services for residential properties and co-ownership buildings across Belgium and Germany, delivered through a national network of agencies backed by the proprietary 'Properly' ERP and client portal (5,000 buildings managed).
• Nesto Network of 55+ veterinary practices across Belgium, Luxembourg and Germany providing pet healthcare through a partnership model where vets retain clinical autonomy while administration and operations are run by a dedicated service center.
• On IT Managed IT services, digital transformation support and strategic technology advice for 350+ Belgian SME key accounts, focused on long-term partnership and practical, growth-aligned IT solutions.
• Sereni Funeral services group spanning 220 locations in Belgium, Germany and Poland, offering compassionate, personal guidance before, during and after farewells using proprietary operations software and a centralized service center.
• Falcon Operator of 17 automated carwash sites in the Netherlands using a data-enabled, innovative approach to deliver efficient, high-quality wash service to professional and private customers.
• Acont Group of accounting offices providing accountancy services in the French market.

Named customers7 records

Segments6 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Astorg: European mid-market PE investor with a buy-and-build orientation across services, healthcare, and B2B software. Comparable in deal size and geography, though generally operating at a slightly larger scale than Around.
• Hg: Large European technology and services investor that co-invested in Around's Parte platform (2025). While Hg operates at a much larger scale and with a tech focus, it shares Around's thesis of building European leaders in fragmented software/services markets.
• Charterhouse Capital Partners: European mid-market PE firm focused on services, consumer, and industrial roll-ups. Competes with Around in the same mid-market services consolidation segment across Benelux and DACH.
• EQT Partners: One of Europe's largest PE firms with a dedicated value-add buy-and-build strategy across services and healthcare. A meaningful competitor for the same fragmented-market assets Around targets, but at materially larger fund scale.
• BC Partners: Pan-European mid-to-large-cap PE firm with multi-sector exposure including consumer and services. Competes with Around for mid-sized platform investments in Benelux and DACH.

Direct peers

• IK Partners: Pan-European mid-market buy-and-build investor active in services, healthcare, and consumer sectors across Benelux, DACH, and the Nordics. Closely aligned with Around's mid-market, services-focused, multi-country consolidation strategy.
• Waterland Private Equity: Pan-European buy-and-build specialist focused on fragmented, people-driven service markets across Benelux, Germany, and the UK. Most directly comparable to Around's strategy of building European market leaders through sequential add-on acquisitions in sectors like healthcare, services, and leisure.
• Gimv: Belgian-headquartered European PE investor with a buy-and-build heritage, operating across the same Benelux and DACH geographies as Around. Highly comparable given Around team member Yohann Cauwenbergh previously worked at Gimv.
• Verlinvest: Belgian family-controlled investment company that co-invested in Around's Nesto platform (2024). Operates a similar long-hold, pan-European, consumer-and-services-focused approach with selective direct equity into operating companies.

Regional players

• L Catterton: Consumer-focused global PE firm with European operations. Comparable to Around's consumer-and-services roll-up approach but with a more brand-led investment lens; competes for similar fragmented consumer-services assets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/aroundpartners

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Around