Waterland Private Equity has added the coeo Inkasso Group to its portfolio. The service provider for receivables management with annual sales of around EUR50 million is active in telecommunications, e-commerce and retail, among other industries.
Dr Tom Haverkamp, the owner to date, will remain part of the company as co-owner and managing director, and he will also continue to be actively involved in shaping the company in the future.
coeo Inkasso, based in Dormagen, collects receivables from consumers and companies as a specialised service provider, thereby securing the liquidity of its customers. The range of services comprises fiduciary collection, debt purchasing and credit reports. coeo Inkasso assumes responsibility for some 850,000 new receivables each year.
“Since coeo Inkasso was established in 2010, the company has grown both organically and through acquisitions. Thanks to the partnership with growth investor Waterland, we can help coeo Inkasso to develop together and continue on its course of expansion,” says Haverkamp. “Healthy growth is also the basis for future success – and that’s what Waterland stands for.”
Metzler Corporate Finance acted as Dr. Haverkamp’s sole financial advisor in preparing and executing the transaction.
The independent private equity investor Waterland helps companies to realise their growth ambitions. The investment firm already possesses extensive experience in the financial sector and has relevant experts on its team. Among others, Waterland cooperates with financial software specialist Hanse Orga.
Since the partnership began in fall 2016, the Hanse Orga Group has concluded four transactions, tripled its sales and almost doubled its number of clients. In Germany alone, two-thirds of all DAX companies are already using the Hanse Orga Group’s financial software. In addition, Waterland has been the majority shareholder of the listed debt collector Kredyt Inkaso in Poland since 2016.
“The consolidation of the highly fragmented market for receivables management in Germany represents a good opportunity for Waterland,” says Dr Carsten Rahlfs, Waterland partner. “Thanks to our investment in coeo Inkasso, we are able to implement our buy-and-build approach in a meaningful way. The company fits our strategy of investing in high-growth and high-quality companies that strive to be a leader in their respective markets.”
