Waterland Private Equity has added the coeo Inkasso
Group to its portfolio. The service provider for receivables management with annual
sales of around EUR 50 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 specialized 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,”
commented Dr. Tom 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.
Extensive experience in the financial sector
The independent private equity investor Waterland helps companies to realize 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,” commented 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
- Austrian Private Equity & Venture Capital Organisation (AVCO)
- Belgian Venturing Association (BVA)
- British Private Equity & Venture Capital Association (BVCA)
- Bundesverband deutscher Kapitalbeteiligungsgesellschaften (BVK)
- Irish Venture Capital Association (IVCA)
- Nederlandse Vereniging van Participatiemaatschappijen (NVP)
- Polskie Stowarzyszenie Inwestorow Kapitalowych (PSIK)
- Swiss Private Equity & Corporate Finance Association (SECA)