
Waterland opens UK office to capitalise on Brexit
Dutch GP Waterland Private Equity Investments is to open a new office in Manchester, targeting mid-market buy-and-build opportunities in the UK.
The firm said that, while the move was partly a "natural step" in its expansion strategy, it was also in part motivated by the Brexit vote, which Waterland believes "will present significant investment opportunities" in the UK.
The GP will look to expand UK businesses into European markets, creating a "natural hedge" by increasing euro-denominated revenues.
Waterland has invested in the UK previously, most recently acquiring Lincolnshire-based incinerator bottom ash recycling company Ballast Phoenix from H2 Equity Partners in June 2015.
The new office is the firm's sixth across five countries, with other operations in the Dutch city of Bussum, Antwerp, Düsseldorf, Munich and Warsaw. The development comes four years after the GP opened its fifth office – in Munich – to oversee investments in southern Germany, Switzerland and Austria.
Waterland is currently investing from its sixth fund, which held a final close on €1.25bn in April 2015.
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