Transaction Details

November 18, 2019


Technology, Telecom and IT

Deal Type

Debt Advisory

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GCA Advises Waterland Private Equity on an Acquisition Financing for Netgo

GCA is pleased to announce we advised Waterland Private Equity on an acquisition financing to support the creation of a buy-and-build platform in the German IT systems market. Waterland is developing the company in partnership with the founders and shareholders of Netgo, one of the fastest-growing IT solution providers in the German market.

Netgo employs around 350 people across 17 different locations, offering consulting and a broad range of products and services in the areas of hosting and storage, IT infrastructure, communication and messaging, IT security and IoT and analytics along with customer-specific solutions. Together with its clients, Netgo develops bespoke IT strategies from on-premise to private and public cloud solutions. Due to its extensive product range the company is a one-stop shop solutions provider for over 3,000 clients.

Dr. Carsten Rahlfs, managing partner at Waterland Private Equity, commented: “With its experience in acquiring smaller IT systems providers, Netgo is in a particularly good position to drive consolidation in Germany’s fragmented IT systems market through a buy-and-build strategy. I am certain that the combined industry expertise of the Netgo founders and Waterland’s know-how when it comes to building platforms will have significant advantages in the long run for Netgo’s clients, business partners and employees.”

Patrick Kruse, co-founder of Netgo, added: “When it comes to acquisitions over the coming years, we will focus on expanding our geographical footprint and portfolio, so we can offer our clients an even broader range of solutions and services.”

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