Waterland commits €100m for Irish investments

European private equity firm Waterland has committed up to €100m as part of its investment and growth strategy for Irish businesses over the next 12 to 18 months to help them deliver significant scale across Europe and at a global level.

This is the latest stage of Waterland’s overall plans to support Irish-headquartered companies.

Waterland was set up 23 years ago in Holland with over €9 billion in assets under management.

The group acts as an active shareholder in its portfolio companies, working in close partnership with management to drive their strategic development, performance and growth trajectory.

It said its Irish operation, which was set up at the end of 2019, has become a key part of its overall strategy due to the country’s advantages in terms of geography, culture and its access to global networks across different sectors.

Its portfolio of companies in Ireland includes Silver Stream Healthcare Group, which provides residential care for older people here.

It has increased its number of nursing homes by four so far this year, including new homes in Dundalk in Co Louth, Duleek in Co Meath and Riverstick in Co Cork, with the creation of up to 500 new jobs.

It also includes the addition of Ballincurrig Care Centre in Co Cork, and brings the total number of nursing homes within the group to 11.

Waterland has also supported the Writech Group, a Westmeath-based fire-protection company which it partnered with in 2021, in progressing its expansion plan with the acquisition of Ce Sprinkler, a Swedish fire protection business and Compco Fire Systems, a UK provider of automatic fire suppression systems.

Most recently, Waterland partnered with MTM Engineering, a Co Meath-based leader in turn-key cable installation and termination services.

Laura Dillon, the managing director at Waterland Private Equity, said it was exciting to see the potential the new investment commitment can deliver for Irish companies and their teams.

“At Waterland, our fundamental partnership model is about backing strong founders and management teams to realise their full ambitions, support accelerated growth strategies and reach their targeted goals,” Ms Dillon said.

“We’re looking forward to the next steps in our partnership strategy as we pursue further opportunities to support the growing confidence and capabilities of Irish companies to launch and scale across wider markets into Europe and internationally,” she added.

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