NPM Capital is a private equity and investment firm founded in 1948 as part of the family-owned SHV group. Headquartered in Amsterdam with branches in Ghent and Munich, the firm operates across the Benelux region. Guided by a mission to build future-ready businesses through partnership, NPM Capital has backed 700 ventures since its inception and currently supports 20 portfolio companies. Its team of 25 investment professionals offers capital stakes from €30 million to €300 million and works closely with company leadership to drive sustainable expansion.
The firm targets companies with strong market positions, growth ambition and experienced management in four industries: Feeding the world, Digital & technology, Sustainable future and Healthy living & learning. Capital, sector know-how and access to an international network help portfolio businesses scale their operations, enter new markets and integrate responsible practices. Examples span Probo and HQ Pack in software and automation, Otolift in assistive mobility, Kubo in agricultural ingredients and Infinitas in education publishing.
Commitment to sustainability is woven into NPM Capital’s approach. The firm integrates environmental, social and governance criteria into its investment process, backing circular models and waste reduction. In the energy transition space, NPM played a role in the growth and exit of Groendus, a solar PV and energy digital services platform, and holds a stake in Jeco Energies for industrial power solutions. Through ICT Group’s partnership with InMotion, NPM Capital also supports fast-charging battery systems for electric vehicles. Its recent investment in NTS Group provides equipment for precision manufacturing, underpinning efficiencies in sectors such as renewable energy and energy storage development. While the firm has yet to list a pure-play battery manufacturer, its track record shows a clear interest in energy storage and grid modernization ventures. NPM Capital also publishes an annual magazine sharing insights on its portfolio and sector trends.
