Waterland Private Equity Investments has chosen Wilmslow as its permanent UK office, and unveiled a new team that is looking to partner with entrepreneurial companies.
The European-wide private equity fund manager recently closed its seventh fund (WPEF VII), at €2bn, and attracted investment from Europe, the US, the Middle East and Asia.
Waterland UK focuses on sourcing buy-and-build opportunities across the UK and Ireland, typically concerning companies with EBITDA of between £3m and £10m. The company is an active shareholder across its portfolio, playing an integral role in helping to accelerate growth and building better businesses. The firm is looking to partner with companies across investment themes such as outsourcing, an ageing population, sustainability and luxury and lifestyle.
Founded in 1999, Waterland has backed in excess of 80 platform companies and has supported a further 330 bolt-on acquisitions to further support their growth.
The firm, which was named the top performing buyout fund globally in 2016 by HEC-Dow Jones, first entered the UK market at the start of 2017. Having completed one platform deal and two add-ons to that platform, as well as another seven UK add-ons to European businesses, its UK team has just relocated to a larger, permanent, office in Wilmslow, from which it will target partnerships with companies across the UK and Ireland.
The team is led by Andy Scaife, who was previously chief executive at Quantum Pharma Plc having been managing director during its period of private equity ownership.
He said: “As a new player in the UK, this is a very exciting time for the team. The interest in the fund and our differentiated offering has been strong and we are using our market led approach to identify opportunities in the UK and Ireland.
“We have the ability to really deliver on market consolidation opportunities, use our operational skills sets, and have a more flexible approach to investing. Using our unique approach and offering, we very much look forward to adding more companies to our UK portfolio.
“We have a focused investment strategy and significant capital to support ambitious entrepreneurs with domestic and overseas expansion. We will also work closely with our investment teams across Europe to help us identify international expansion opportunities for our portfolio companies.”