Waterland backs consulting company Moore Belgium

According to press reports, Waterland acquired a 55% stake in the business, while the remaining 45% was retained by two partners of the company.

Following the deal, the day-to-day management of the company will remain entirely in the hands of Moore Belgium's present executive committee.

Waterland intends to support Moore Belgium in accelerating its growth, making new acquisitions and gaining a stronger position in the Belgian accounting and consulting market.

The GP is currently investing via Waterland Private Equity Fund VII, which closed on €2bn in August 2017.

Company
Moore Belgium is a consulting company offering a wide range of services including accountancy, audit, business analytics, business consulting, corporate finance, interim management and tax and legal advisory to small and medium-sized companies.

The company was established in 1967 under the name of Moore Stephens and rebranded as Moore Belgium in 2019. It has recently completed three add-ons, acquiring consultancy specialists Lava and Pure Solutions in 2019 and advisory firm The Optimal in 2020.

Moore Belgium is based in Brussels with additional offices located across Belgium and in Shanghai, China. It employs 475 staff and expects to reach revenues of €60m in 2020, following turnover of €50m in 2019.

People
Waterland Private Equity – Frank Vlayen (managing partner).
Moore Belgium – Hans Cools (CEO); Peter Verschelden (chair).

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