Waterland Acquires Majority Stake in dacoso

Waterland Private Equity Acquires Majority Stake in INCOSA

January 17, 2025

Industrial Services

Waterland Private Equity has agreed to acquire a majority stake in INCOSA, a Spain-based engineering consulting firm, in a deal that will see INCOSA's existing shareholders and management retain a significant stake. The investment will support INCOSA's service expansion, capability enhancement and footprint growth across energy, infrastructure, building and environmental management markets.

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.

Waterland Private Equity Partners with pgb-Group to Accelerate European Expansion

March 11, 2025

Manufacturing

Waterland Private Equity has partnered with family-owned pgb-Group, the Belgian market leader in fastening materials, to support pgb's international growth and consolidation across Europe. The transaction gives Waterland joint control and will fund further automation, capacity expansion and acquisitions as pgb pursues a strategy to become a European market leader; pgb is headquartered in Melle, Belgium and generates over €80 million in revenue.

Waterland Acquires Majority Stake in X²O

August 27, 2024

Retail

Waterland, a pan‑European private equity investor, has taken a majority share in X²O, the Ghent‑based omni‑channel retailer of bathroom equipment and furniture. Vendis Capital and founder Jan Ollevier retain significant minority stakes; the investment will support X²O's continued international expansion across the Benelux and into Germany.

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 Acquires Majority Stake in Hellorider

September 11, 2024

Cloud & SaaS

Dutch private equity firm Waterland has taken a majority stake in Hellorider, a Amsterdam-based bicycle leasing SaaS platform. Hellorider's founders, Kruitbosch and the management team remain on the cap table as shareholders; the investment will be used to accelerate product development, grow the partner network and expand usage of corporate bike leasing.