Private Equity Firm Financial Services

Waterland Private Equity

Bussum, North Holland, Netherlands

Waterland is an independent private equity investment group that supports entrepreneurs in realizing growth ambitions, enabling portfolio companies to achieve accelerated growth both organically and through acquisitions. Since 1999, it has invested in more than 1,100 companies and manages more than €14 billion of investor commitments.

Focus Areas
Private equity investment, Buy-and-build, Growth investing
Website
waterlandpe.com

Tracked deals

28

28 tracked deals across 2023-2026.

Recent pace

3

3 tracked deals announced in the last 12 months.

Deal mix

Buyout

16 buyout · 7 growth capital · 4 addon

Waterland Private Equity Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for Waterland Private Equity. 4 2023 12 2024 9 2025 ~4 est. 3 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 28 tracked deals for Waterland Private Equity.

  • Buyer
    Waterland Private Equity
    Target
    BODE
    Seller
    Schaltbau Group, Carlyle
    Location
    Germany
    Type
    Buyout

    Waterland Private Equity has entered into a strategic partnership to acquire BODE, a global provider of door and access systems for public transport, from Schaltbau Group. BODE’s senior management will invest in the company alongside Waterland, and the deal is subject to customary regulatory approvals. The parties did not disclose financial details.

  • Buyer
    Waterland Private Equity
    Target
    Palletways
    Location
    Staffordshire, United Kingdom
    Type
    Buyout

    Waterland Private Equity has entered a strategic partnership and acquired a majority stake in Palletways, Europe’s palletised freight distribution network. The investment is intended to accelerate Palletways’ European expansion and operational excellence, including further investment in technology, infrastructure, and customer experience.

  • Buyer
    Waterland Private Equity
    Target
    Cooper Turner Beck (CTB)
    Seller
    The Watermill Group
    Location
    England, United Kingdom
    Type
    Buyout

    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.

  • Buyer
    Waterland, MML Ireland
    Target
    Cruinn Diagnostics
    Location
    Ireland
    Type
    Buyout

    Waterland and MML Ireland have agreed terms to acquire Cruinn Diagnostics, a Dublin-headquartered provider of laboratory diagnostic equipment, reagents, consumables, and calibration services to the Irish market. The investment is intended to accelerate growth, including launching next-generation healthcare diagnostics, with management reinvesting to retain a significant minority stake.

  • Buyer
    Waterland Private Equity
    Target
    Chemservice
    Industry
    Consulting
    Location
    Rhineland-Palatinate, Germany

    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.

  • Buyer
    Waterland Private Equity
    Target
    TG Group
    Industry
    Manufacturing
    Location
    East Flanders, Belgium

    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.

  • Buyer
    Waterland Private Equity
    Target
    Auren
    Location
    Spain

    European private equity firm Waterland Private Equity has acquired a significant stake in Auren, a leading Spanish professional services firm specializing in audit, legal advisory, consulting, and corporate finance. The investment will support Auren’s international expansion, technology investment, and buy-and-build strategy while preserving the firm’s partners-led management; the deal remains subject to approval by the Spanish CNMC.

  • Buyer
    LifeFit Group, Waterland Private Equity Investments B.V.
    Target
    FIT/One Group
    Seller
    Private equity funds advised by Waterland, Joint venture partner (unnamed)
    Location
    Baden-Württemberg, Germany
    Type
    Addon

    LifeFit Group has agreed to acquire FIT/One Group, adding 45 studios (33 in Germany and 12 in Austria) and roughly 220,000 members to its portfolio. The deal — between two companies within Waterland's portfolio — is an add-on consolidation to strengthen LifeFit's position in the DACH region and support international expansion into Austria; completion is subject to regulatory approvals and financing.

  • Buyer
    Waterland Private Equity
    Target
    pgb-Group
    Industry
    Manufacturing
    Location
    East Flanders, Belgium
    Type
    Buyout

    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.

  • Buyer
    Waterland Private Equity
    Target
    GoGift
    Seller
    Nordisk Film (Egmont)
    Location
    Denmark
    Type
    Buyout

    Waterland Private Equity has entered a strategic partnership to acquire Copenhagen-based GoGift from Nordisk Film (part of Egmont). Waterland will support GoGift’s international acquisitive growth and continued rollout of its Global Gift Card and GoGift Engine while management led by founder Henrik Ravn remains in place.

  • Buyer
    Waterland Private Equity
    Target
    WellNess Sport Club
    Seller
    Pechel (Pechel Industries Partenaires), Founders of WellNess Sport Club
    Location
    Auvergne-Rhône-Alpes, France
    Type
    Buyout

    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.

  • Buyer
    Waterland Private Equity
    Target
    INCOSA
    Location
    Community of Madrid, Spain
    Type
    Buyout

    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.

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