Manchester, 6 February 2017: Waterland Private Equity Investments has opened an office in Manchester: its sixth office next to Bussum (Netherlands), Antwerp (Belgium), Düsseldorf and Munich (Germany) and Warsaw (Poland). The Manchester office will source direct platform transactions in the lower mid-market with a focus to expand those companies across the UK and Europe, in line with the wider buy-and-build strategy Waterland has implemented successfully since the foundation of the firm in 1999.
Hans Scheepers, Managing Partner of Waterland in the Netherlands, explains the reasons for taking this step: "The decision to open an office in the UK is a natural step in the firm’s expansion strategy. Furthermore, we believe that the Brexit vote will present significant investment opportunities in the UK. We can help UK companies pursue European growth strategies using our existing presence and network across Europe. By doing this, it will create a natural hedge for them so that they not only have revenues and financing in sterling, but also in euros”.
During the last 5 years, Waterland has successfully supported its existing European platform companies with bolt-on acquisitions of UK based businesses and in October 2016, it made a first investment in a UK platform asset, by acquiring a majority stake in a fifth generation family business, operating in the waste recycling industry.
The first UK hire is Senior Investment Manager, Ryan Hallworth. Formerly of DC Advisory and Deloitte, Hallworth, 33, has operated in the UK mid-market for over 10 years. In addition, Phil Goodwin, the former UK head of mid-market private equity house, Montagu will provide strategic input in a non-executive capacity. Phil brings a wealth of experience having been investing in Europe and Africa for over 30 years. The UK team will evolve with a number of investment professionals set to be hired during in the next 12 months.
Ryan Hallworth said: "There continues to be significant investment opportunities in the UK mid-market, particularly in the regions, where the Waterland investment approach will resonate with business leaders who are seeking to build their market position, via acquisition or as part of an international expansion strategy. As a Mancunian, it is extremely exciting that the current global number 1 ranking private equity house has chosen Manchester as the location for its first UK office".
Phil Goodwin added: “'Waterland's decision to invest in the UK is a significant development for the UK private equity market. Waterland have made outstanding returns for investors by consistently pursuing well thought through investment strategies, and this approach will do well in the UK. It is also great news that such a high quality investment house sees good opportunities in post-Brexit Britain”
For more information, please contact:
Hans Scheepers, Managing Partner Netherlands
Tel. +31 35 6941680
Ryan Hallworth, Senior Investment Manager
Tel. +44 7775593100