Waterland Private Equity Investments said Thursday that it closed its sixth institutional fund, Waterland Private Equity Fund VI, at 1.25 billion Euros (US$1.34 billion), while WPEF VI Overflow Fund collected 300 million Euros (US$321.8 million). WPEF VI will make control investments in medium-sized companies located in Belgium, Luxembourg, the Netherlands, Germany, Austria, Switzerland and Poland. MVision Private Equity Advisers was the placement agent while Clifford Chance provided legal advice.
BUSSUM, THE NETHERLANDS (April 16, 2015) – Waterland Private Equity Investments (“Waterland”) is pleased to announce the closing of its sixth institutional fund, Waterland Private Equity Fund VI (“WPEF VI”) at €1.25 billion and WPEF VI Overflow Fund at €300 million, just three months after its initial launch. The strong support of existing investors combined with significant interest from new investors, caused the fund to be well oversubscribed.
The fundraising attracted commitments from world class institutional investors from Europe (40%), the United States (40%), Middle East (10%) and Asia Pacific (10%). Pension plans represent the largest proportion of the investor base.
WPEF VI expects to make control investments in medium-sized quality companies in fragmented growth markets in the target region consisting of Belgium, Luxembourg, the Netherlands, Germany, Austria, Switzerland and Poland to finance organic and acquisitive growth. This is a continuation of the successful buy-and-build investment strategy applied to the Firm’s prior funds over the last fifteen years. Waterland is able to deploy the Overflow Fund in situations where WPEF VI reaches its concentration limits.
“The fundraising for WPEF VI has been a great success and we are grateful for the support of our investors. We are very pleased with the quality and diversity of the investors and are looking forward to make investments with our sixth fund, for which we see many attractive opportunities in our target region.” said Frank Vlayen, Managing Principal.
“We would like to thank our existing investors for their long-term support and are looking forward to the partnership with our new investors.” said Rob Thielen, Chairman.
MVision Private Equity Advisers acted as strategic fundraising adviser and Clifford Chance as legal counsel.
BACKGROUND ON WATERLAND PRIVATE EQUITY INVESTMENTS
Waterland is an independent private equity investment group that supports entrepreneurs in realizing their growth ambitions. With substantial financial resources and committed industry expertise, Waterland enables its portfolio companies to achieve accelerated growth both organically and through acquisitions.
Waterland acts as an active shareholder in its portfolio companies, playing a key role in their strategic and operational development, growth and performance. With its experienced, entrepreneurial investment team, Waterland aims to help ambitious entrepreneurs obtain a strong market position in today’s increasingly competitive international business environment. As of today, Waterland has invested in 57 platform companies and has made an additional 250 add-on acquisitions to expand those platforms.
Waterland has since its foundation in 1999 consistently achieved top tier investment performance. It ranks as the number 2 most consistent performing buyout fund manager worldwide in the 2015 Preqin Consistent Performers in Global Private Equity & Venture Capital Report, February 2015, and as the number 2 global private equity firm in the fifth annual HEC/Dow Jones Private Equity Performance Ranking compiled by Prof. Gottschalg of HEC Paris Business School, January 2015.
Waterland has offices in The Netherlands (Bussum), Belgium (Antwerp), Germany (Munich and Düsseldorf) and Poland (Warsaw), and currently manages € 4 billion of investor commitments.
Waterland is registered as a fund manager in the register maintained by the Dutch regulator, the AFM (Autoriteit Financiële Markten).