Hg Invests in Combell Group as Waterland Exits

Waterland Private Equity Acquires Majority Stake in Cooper Turner Beck (CTB) From Watermill Group

March 2, 2026

Industrial Services

The Watermill Group completed the sale of Cooper Turner Beck (CTB) to Waterland Private Equity. CTB is a global provider of safety-critical fastening solutions for energy, power generation, construction, and other demanding 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 Invests in TG Group

April 29, 2025

Manufacturing

Waterland Private Equity has acquired a minority stake in TG Group, a Belgian designer and manufacturer of packaging machinery based in Verrebroek. The investment will provide growth capital to expand production capacity, accelerate digitalization and process automation, and support strategic bolt-on acquisitions while TG Group’s management remains in place.

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 Private Equity Invests in Beyond Law Group

July 17, 2024

Legal Services

Beyond Law Group, a UK-based disruptive legal group, has secured an investment from Waterland Private Equity to support its growth and buy-and-build acquisition strategy. The capital will fund organic expansion, strategic hires and targeted acquisitions while the current management team led by founder Matt Fleetwood remains in place.

Hg Invests in TransIP; TransIP to Join Forces with Combell under team.blue

June 12, 2019

Cloud & SaaS

Hg has invested in TransIP Group, a leading Dutch hosting and VPS provider, to combine TransIP with Combell Group and create team.blue — a European digital services group for SMEs. Terms were not disclosed; the combined group will serve roughly 1.2 million customers, Jonas Dhaenens will become Group CEO of team.blue and TransIP founder Ali Niknam remains a major investor and joins the board.