Munich / Düsseldorf, November, 8 2012 - Waterlandhas just announced the opening of an additional German office in Munich. The investment company with 2.5 billion euros assets under management currently runs its German operations exclusively from Düsseldorf. With this step, Waterland is reinforcing its operations in southern Germany and also with respect to Switzerland and Austria. The opening of the office, which is scheduled for mid-2013, is a sign that Waterland is continuing its growth strategy.
Jörg Dreisow (46), who is heading Waterland’s activities in the DACH region, explains the strategy behind the decision: “Private equity, as we live it, requires a local presence and geographic proximity to the businesses we support. As an investor in the SME sector, we see attractive opportunities in southern Germany, Switzerland and Austria. These are the places where we want to act as a local partner, financing and supporting business growth.”
Waterland already has a number of commitments in southern Germany and –among others the Munich based GolfRange, which was sold to an Austrian group this week. Nor is Switzerland a new country for Waterland. Last week, Waterland invested into two Swiss companies: First SENIOcare, the largest private Swiss nursing home operator(26 homes in German-speaking Switzerland, based in Wattwil) and second FleetPro, a merger between River Advice (Basel) and International Shipping Partners (ISP, Miami), which has now become the world’s leading independent service company for the cruise industry.
Jörg Dreisow will also head the Munich office and Gregor Hengst (37) will act as Senior Investment Manager, while Senior Associate Stefan Kraus (31) will be supporting the investment activity in Austria, his homeland. In addition, Waterland is continuing to expand its current 13-member team at both its offices in Germany.
Waterland operates as an independent private equity firm in Germany / Austria / Switzerland, the Netherlands, Belgium and Poland. Over the last ten years Waterland has seen strong growth. With its fifth fund, launched last summer, the assets under management increased from 1.4 to 2.5 billion euros. This growth is accompanied by an expansion of its office sites. A Warsaw office was already added earlier this year to Waterland’s existing offices in Düsseldorf, Bussum (Amsterdam) and Antwerp. The company makes investments in fragmented growth markets and helps successful companies implement market consolidation strategies. The focus is on companies that grow on the back of the following trends: outsourcing and efficiency, ageing population, leisure and luxury, and also sustainability.