The investment casting industry in Benelux is characterized by its innovative manufacturing processes that create precise metal parts for various applications. Companies within this sector offer a wide range of services including design, production, and finishing of highly intricate components made from metals like aluminum, stainless steel, and titanium. Industries served include aerospace, automotive, and oil and gas, which drive the need for custom solutions. As technology advances, particularly in additive manufacturing, the sector is poised for growth with an increasing focus on efficiency and sustainability, ultimately catering to the evolving demands of global markets.


In this article, we examine twelve noteworthy investment casting investors primarily based in Benelux, spanning various types including private equity and venture capital. Their headquarters are located in essential hubs like Luxembourg and Amsterdam. Ranging in size from small firms to larger organizations with hundreds of employees, many were founded in the late 20th century. In 2024, these investors engaged in notable transactions in the investment casting sector, indicating a continued interest in expanding their portfolios with cutting-edge manufacturing companies.


Top 12 Investment Casting Investors in Benelux


1. Mutares Benelux

  • Website: mutares.com
  • Type: Private Equity
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2021
  • Headcount: 51-200
  • Number of deals in 2024: 16
  • LinkedIn: mutares-benelux

Mutares Benelux, a private equity firm based in Amsterdam, specializes in acquiring and managing companies in transition across various sectors, including automotive, technology, and retail. Founded in 2021, the firm has quickly established itself with 16 investments in 2024 alone. Mutares provides operational support and consulting services to enhance profitability and growth for its portfolio companies. Among its notable transactions, Mutares has acquired several companies relevant to the investment casting industry, such as Schöneweiss & Co., a forging company, and BEW-Umformtechnik, which also operates in the metal forming sector. These acquisitions reflect Mutares' strategy to strengthen its engineering and technology segment, indicating a commitment to sectors that overlap with investment casting. Their acquisition of Buderus Edelstahl further emphasizes their focus on companies that may have synergies with investment casting operations.


2. Astorg

  • Website: astorg.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 1998
  • Headcount: 51-200
  • Number of deals in 2024: 8
  • LinkedIn: astorg

Astorg is a private equity firm founded in 1998, based in Luxembourg, specializing in investments in global B2B companies. With €22 billion in assets under management, Astorg focuses on creating long-term value through a disciplined investment process and strong partnerships with entrepreneurs. They provide capital, strategic guidance, and governance to management teams across various sectors, including healthcare, technology, and business services. Notably, Astorg has been involved in significant transactions relevant to the investment casting industry, such as the acquisition of Metalor, a company engaged in precious metals and materials, and more recently, the acquisition of Lebronze alloys, which is directly involved in the production of alloys used in investment casting. These transactions highlight Astorg's strategic interest in sectors that are closely linked to metal processing and manufacturing, reinforcing their position as a relevant investor in the investment casting space.


3. Triton Partners


Triton Partners is a private equity investment firm founded in 1997, based in Luxembourg. The firm specializes in private equity and credit investments in European mid-market businesses, focusing on sectors such as Business Services, Industrial Tech, and Healthcare. Triton provides operational expertise and capital to help companies unlock their full potential, partnering with management teams to address challenges and drive growth. Notable transactions include the acquisition of BFC Fahrzeugteile, a supplier of metal-based clamping profiles for the automotive industry, which may relate to investment casting applications. Additionally, their acquisition of companies like Ovako and Cobex, which operate in the industrial sector, further demonstrates their engagement in areas that could intersect with investment casting processes.


4. Finindus

  • Website: finindus.be
  • Type: Venture Capital
  • Headquarters: Zelzate, Flanders, Belgium
  • Founded year: 1926
  • Headcount: 1-10
  • Number of deals in 2024: 6
  • LinkedIn: finindus

Finindus is a venture capital firm based in Zelzate, Flanders, Belgium, founded in 1926. The firm specializes in providing early-stage and growth financing to innovative technology companies, particularly in the fields of materials, sustainable manufacturing, and Industry 4.0. They emphasize proactive and pragmatic assistance to maximize long-term value creation for their portfolio companies. Notable transactions include their investment in Fortius Metals, which raised $2,000,000 in a seed round in 2024, indicating their commitment to advancing materials technology. Additionally, they have been involved with Borit NV, which closed a significant equity fundraising round in 2014, further showcasing their engagement in sectors that intersect with investment casting. Their diverse portfolio reflects a strategic interest in technologies that could enhance manufacturing processes, including investment casting.


5. Parcom Capital

  • Website: parcomcapital.com
  • Type: Corporate
  • Headquarters: Schiphol, North Holland, Netherlands
  • Founded year: 1982
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: parcom-capital

Parcom Capital is a corporate investment firm based in Schiphol, North Holland, Netherlands, founded in 1982. Specializing in private equity, Parcom focuses on unlocking the potential of businesses by providing investment management and strategic support to entrepreneurs and management teams. They partner with various companies across multiple sectors to facilitate sustainable growth and transformation. Notably, Parcom Capital acquired a majority stake in MGG Group, a Dutch aluminium sandcasting company, in February 2017, highlighting their engagement in the investment casting industry. This acquisition aligns with their strategy of investing in the manufacturing sector, further emphasizing their capability to support companies within this niche. Additionally, Parcom has been involved in other acquisitions, such as Nedschroef and GustoMSC, which, while not directly related to investment casting, demonstrate their broad investment approach and experience in managing diverse portfolios.


6. Materialise

  • Website: materialise.com
  • Type: Corporate
  • Headquarters: Leuven, Flanders, Belgium
  • Founded year: 1990
  • Headcount: 1001-5000
  • Number of deals in 2024: 1
  • LinkedIn: materialise

Materialise NV is a 3D printing service provider based in Leuven, Belgium, founded in 1990. The company specializes in innovative solutions in additive manufacturing and software for various industries, including healthcare and aerospace. Materialise has made several strategic acquisitions to enhance its capabilities in the 3D printing sector. Notably, in 2017, Materialise acquired ACTech, a Germany-based company known for its expertise in complex cast metal parts, for $52.9 million. This acquisition was aimed at bolstering Materialise's metal manufacturing capabilities, which is directly relevant to investment casting. Additionally, Materialise has invested in other 3D printing firms, such as Essentium, which further demonstrates their commitment to advancing technologies in the additive manufacturing space.


7. Syensqo Ventures

  • Website: solvay-ventures.com
  • Type: Corporate
  • Headquarters: Brussels, Brussels, Belgium
  • Founded year: 2016
  • Headcount: 1-10
  • Number of deals in 2024: 4
  • LinkedIn:

Syensqo Ventures is a corporate investor based in Brussels, Belgium, founded in 2016. The firm specializes in advanced materials and solutions across various industries, including aerospace, automotive, and healthcare. With a strong emphasis on research and development, Syensqo Ventures aims to meet the evolving demands of its diverse market. In 2024, they participated in significant funding rounds, including a $22.5 million Series A investment in iCOMAT, a company that focuses on advanced composite materials, and a $17 million Series A investment in 9T Labs, which specializes in 3D printing technologies that could be relevant to investment casting processes. Their involvement in these transactions highlights their commitment to innovative material solutions that enhance performance and sustainability, aligning with the needs of the investment casting industry.


8. Gilde Buy Out Partners


Gilde Buy Out Partners is a private equity firm based in Utrecht, Netherlands, founded in 1982. The firm specializes in investment management and business transformation services, focusing on providing growth solutions to mid-market businesses across Europe. Gilde has been involved in several notable transactions, including the acquisition of Elcee Group, which operates in the precision manufacturing sector, and Veco Precision, a manufacturer of micro-precision metal components. These acquisitions highlight Gilde's commitment to enhancing operations and market presence in industries that are closely related to investment casting. Additionally, their acquisition of Stankiewicz GmbH further emphasizes their focus on companies that contribute to the manufacturing ecosystem.


9. Gimv

  • Website: gimv.com
  • Type: Venture Capital
  • Headquarters: Antwerp, Flanders, Belgium
  • Founded year: 1980
  • Headcount: 51-200
  • Number of deals in 2024: 8
  • LinkedIn: gimv

Gimv is a venture capital firm based in Antwerp, Flanders, Belgium, founded in 1980. The firm partners with innovative companies across various sectors, including Consumer, Healthcare, Life Sciences, Smart Industries, and Sustainable Cities. Gimv provides investment management and strategic support to help businesses grow sustainably. Their clientele primarily consists of entrepreneurial companies seeking capital and expertise to navigate market challenges. Notably, Gimv has made significant investments in the industrial sector, such as acquiring a majority stake in VCST Industrial Products, which operates in the manufacturing space. They also acquired Witec, a contract design manufacturer of high-tech precision parts, which aligns with the needs of industries that utilize investment casting. These transactions highlight Gimv's commitment to supporting companies that may intersect with the investment casting industry, making them a relevant player in this space.


10. Nimbus

  • Website: nimbus.com
  • Type: Private Equity
  • Headquarters: Zeist, Utrecht, Netherlands
  • Founded year: 1999
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: nimbus-hands-on-investors

Nimbus is a private equity investment firm based in Zeist, Utrecht, Netherlands, founded in 1999. The firm specializes in private equity investments, focusing on medium-sized businesses that require transformational change. Nimbus provides both capital and hands-on support to enhance operational performance and drive growth. Their clientele primarily consists of management teams from various industries, including manufacturing and technical trade. Notably, Nimbus has made strategic investments in the investment casting sector, including the acquisition of the Centrifugal Castings Division of Doncasters Group, which encompasses Paralloy and FVC. This acquisition, announced on January 6, 2020, aims to bolster the growth and export plans of these companies within the petrochemicals and aerospace industries. Additionally, Nimbus has engaged in other sectors, such as acquiring a stake in German solar equipment manufacturer Robert Bürkle GmbH in 2014, showcasing their diverse investment portfolio.


11. Bencis


Bencis is a private equity investment company based in Amsterdam, founded in 1999. They specialize in providing capital and strategic support to business owners and management teams across various sectors, including manufacturing and healthcare. Bencis has a notable focus on growth, operating by investing in businesses to help them achieve their ambitions and enhance their market presence. Among their relevant transactions, Bencis acquired Bons & Evers Holding, a manufacturer of high-quality aluminum, brass, and copper parts, on February 7, 2019. This company serves various sectors, including automotive and power distribution, which are closely related to investment casting applications. Additionally, they acquired Gebhardt-Stahl, a company involved in the manufacturing sector, on August 20, 2019, further demonstrating their engagement in industries that may intersect with investment casting. Their acquisition of BRB International on March 29, 2016, also reflects their commitment to investing in manufacturing capabilities. Overall, Bencis's investment strategy and portfolio suggest a relevant interest in sectors that align with investment casting.


12. Castik Capital


Castik Capital is a private equity firm based in Luxembourg, founded in 2014, that focuses on long-term investments in high-quality businesses across Europe. The firm partners with management teams and founders to support their growth plans, aiming to create market leaders in various industries, including technology and healthcare. Notably, Castik Capital acquired Acrotec Group on June 20, 2016, for approximately $291 million. Acrotec Group is known for its expertise in precision manufacturing, which is relevant to the investment casting industry. In 2024, Castik Capital also reached an agreement to acquire a majority stake in Andra Tech Group, further demonstrating their active investment strategy in sectors that may intersect with investment casting.



Investment Casting Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
Mutares BeneluxAmsterdam, North Holland, Netherlands51-200202116
AstorgLuxembourg51-20019988
Triton PartnersLuxembourg201-50019976
FinindusZelzate, Flanders, Belgium1-1019266
Parcom CapitalSchiphol, North Holland, Netherlands11-5019821
MaterialiseLeuven, Flanders, Belgium1001-500019901
Syensqo VenturesBrussels, Brussels, Belgium1-1020164
Gilde Buy Out PartnersUtrecht, Utrecht, Netherlands11-5019820
GimvAntwerp, Flanders, Belgium51-20019808
NimbusZeist, Utrecht, Netherlands11-5019993
BencisAmsterdam, North Holland, Netherlands11-5019990
Castik CapitalLuxembourg51-20020142


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