Waterland invests in Hanse Orga
Waterland Private Equity has invested in German financial software developer Hanse Orga, unquote" can reveal.
Waterland confirmed the investment, but declined to comment further on it. A source close to the deal told unquote" that Hanse Orga's owners and founders, the Lindemann family, decided to bring Waterland on board in order to boost international expansion. They hope to develop new products and win over international customers.
It remains unclear whether Waterland has acquired a majority or minority stake in Hanse Orga. According to the deal's filing with Germany's federal cartel office, Waterland and the Lindemann family jointly secured control of the business.
Waterland follows a buy-and-build strategy with its portfolio companies, usually making several bolt-ons with each platform. In a recent Deal in Focus, unquote" explored the investor's strategy with post-acute clinic chain Median.
Company
Founded in 1984 and based in Hamburg, Hanse Orga develops SAP-integrated finance software for financial supply chain management. The business employs 250 people and has seven offices worldwide.
People
Waterland - Jörg Dreisow (managing partner).
Hanse Orga – Sven Lindemann (CEO).
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