Waterland-backed Coeo Inkasso bolts on KNP

The acquisition allows Coeo Inkasso to enter the Austrian market and expand its e-commerce customer base. KNP plans to improve service quality and continue to invest in analytics. A spokesperson for Waterland told Unquote that the company expects to make more acquisitions in Austria in the future.

The vendors of the shares are the founders and managing directors of KNP, who will continue to manage the company following the sale.

Waterland acquired Coeo Inkasso in January 2018 and planned to implement a buy-and-build strategy for the company. This is the company's first acquisition since Waterland invested. Coeo Inkasso generates revenues of €50m from its activities in telecommunications, e-commerce and retail debt collection.

Company
Headquartered in Vienna, KNP is a debt collection service, primarily serving corporate e-commerce companies. Founded in 2011, it employs 30 people.

People
Waterland – Carsten Rahlfs (managing partner).
Coeo Inkasso – Sebastian Ludwig, (managing director).
KNP Financial Services – Wolfgang Hetlinger; Anton Moser (founders, managing directors).

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• Topics
• Portfolio management
• DACH
• Financials
• Waterland Private Equity
• Germany
• Austria
• Build-up
• Buy-and-build