Waterland Private Equity Acquires Majority Stake in INCOSA

Waterland Acquires Majority Stake in dacoso

June 26, 2024

IT Services

European private equity firm Waterland has acquired a majority stake in dacoso GmbH, a leading IT network integrator and cybersecurity provider headquartered in Langen, Germany. The founding shareholders (Thomas Joswig, Horst Pohl, Felix Pohl and Robin Pohl) sold stakes but will retain ownership positions and Felix Pohl will continue as CEO; the partnership aims to scale dacoso internationally and accelerate growth.

Waterland Invests in Chemservice to Accelerate International Growth

August 18, 2025

Consulting

European private equity firm Waterland has entered a strategic minority investment partnership with Chemservice, a regulatory compliance and regulatory affairs consultancy serving the chemical industry. The founders will retain a significant minority stake and remain in management as Waterland supports Chemservice’s organic expansion and targeted M&A to accelerate international growth and broaden its service offering.

DAR Investment Management Acquires Intecsa Engineering Group

February 4, 2026

Engineering Services

DAR Investment Management, a Delaware-based private investment firm, has acquired a controlling interest in Intecsa Engineering Group, a Madrid-headquartered multidisciplinary engineering and consulting firm. Intecsa's management retains significant ownership and will continue leading the firm as DAR provides capital and strategic support to accelerate Intecsa's expansion into the U.S. market through organic growth and selective acquisitions.

Waterland Private Equity Invests in CodiLime

August 7, 2023

IT Services

Waterland Private Equity has invested in CodiLime, a Polish specialist in software development and network engineering for the telecommunications and network industry. The existing management team remains in place and Waterland said the investment will support CodiLime’s international growth and a buy‑and‑build strategy; financial terms were not disclosed.

Waterland Private Equity Acquires Majority Stake in WellNess Sport Club

February 5, 2025

Healthcare Services

Waterland Private Equity has acquired a stake (reported as a majority) in WellNess Sport Club to accelerate the premium fitness chain’s expansion across France, Switzerland and ultimately Europe. The transaction involved a sale by the founders and the Pechel fund and will fund club roll-out, enhanced facilities and broader geographic growth.

Waterland Private Equity Invests in Alphitan

August 2, 2024

Industrial Services

Waterland Private Equity has taken a minority growth investment in French industrial maintenance specialist Alphitan, becoming a shareholder alongside founders Jean-Louis Yang, Jérôme Siat and the company's management. The partnership will fund Alphitan's accelerated international expansion across Europe and targeted acquisitions, and support investment in capabilities such as predictive maintenance.