Waterland Non-public Fairness has introduced a brand new strategic partnership with Black & White Engineering, because the engineering design consultancy seeks to broaden its footprint throughout EMEA.
The funding shall be funded by Waterland Non-public Fairness Fund IX, with Waterland taking a big stake within the firm. The founder, senior management and staff of Black & White may even retain a major stake.
Black & White Engineering was established in 2014 and right this moment employs over 500 folks, working with 110 shoppers throughout 23 international locations in EMEA.
With Waterland as a strategic accomplice, Black & White goals to broaden geographically in addition to widening its engineering providing. The corporate shall be extending its footprint into new territories and pursuing acquisitions throughout Europe, Asia, Australia, and Africa.
The Black & White management staff will all be remaining with the companies following the partnership with Waterland, with Mick Cairns, present CEO and Founder Black & White, persevering with as CEO.
Cairns mentioned of the funding, “Black & White has grown vastly since I based the enterprise and I couldn’t be prouder of our staff, who’ve helped us to succeed in this big milestone in our journey. We’re delighted to be partnering with Waterland and leveraging their observe document of worldwide progress and acquisition expertise. We’re wanting ahead to supercharging the momentum we’ve constructed with Waterland performing as a hands-on accomplice, which helps our imaginative and prescient and ambitions.”
“Mick Cairns is a powerful entrepreneur who has constructed an excellent enterprise. We stay up for supporting Mick and the senior staff on this subsequent chapter and can proceed to again their philosophy of investing in folks and dealing along with the most effective expertise to create a world chief in engineering for the info centre market,” added Wendy McMillan, Associate at Waterland Non-public Fairness.
“We shall be leveraging our community and experience in acquisitions and worldwide enlargement to assist Black & White attain the following degree and we’re wanting ahead to seeing what the longer term holds for the enterprise.”
