Investec has advised the shareholders of Speer IT on the company’s partnership with Lexar.
We are pleased to have acted as sell-side adviser to the shareholders of Speer IT, a leading Dutch provider of software solutions for fibre networks and cable and pipe information.
About the deal
Following the acquisition of KLIC Software and a recapitalisation in January 2026, Speer IT was looking for a partner to support its next phase of development. Lexar brings experience in accelerating growth, international expansion and executing buy-and-build strategies for ambitious software companies.
Together, Speer IT and Lexar aim to further strengthen the company’s position in the Netherlands and support its ambition to become a leading European player in fibre-optic network registration and asset management.
The partnership combines Speer IT’s strong market position and recurring software revenue base with Lexar’s experience in supporting technology companies and executing buy-and-build strategies.
CEO Kees Jonker will continue to lead the company and remains a significant shareholder.
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Investec guided us through the entire process with professionalism and a clear focus on our objectives. Their competitive process gave us the confidence to find the right partner for Speer IT’s next phase of growth, and we’re excited to start this partnership with Lexar.
About Speer IT
Founded in 1999 and headquartered in Baarn, Speer IT is a specialist software partner for telecom operators and network builders. Its proprietary software supports clients in designing, registering and managing fibre networks and handling KLIC requests, together forming an integrated proposition across the network lifecycle.
About Lexar Partners
Lexar is an independent Dutch private equity and investment firm based in Laren, the Netherlands, founded in 2022. It focuses on lower mid-market, fast-growing and scalable businesses where digitalisation, software and AI drive transformation.
Our role
Investec advised Speer IT throughout the entire sell-side process, including:
- Running a targeted, competitive process, resulting in multiple offers
- Coordinating the due diligence process
- Preparing the business plan, normalisations and EV-to-equity bridge
- Supporting negotiations and transaction documentation
This transaction further strengthens our credentials in supporting software companies through their buy-and-build journeys. We previously advised Speer IT on its carve-out acquisition of KLIC Software from The People Group, backed by Antea. With Lexar on board, Speer IT is well positioned to accelerate its growth, both organically and through targeted acquisitions.
