Waterland Pvt. Equity Investments BV paid an undisclosed amount to acquire residential childcare-services provider Sandcastle Care in an off-market transaction.
Sandcastle provides care across 18 sites in northwestern England.
The pan-European private equity house, which specializes in buy and build strategies, said the deal marks its eighth transaction since it launched a U.K. office in 2017. Barclays provided external financing.
For Waterland, Clearwater International was corporate-finance adviser, Addleshaw Goddard was legal adviser, Deloitte was financial due-diligence adviser, PwC was tax adviser, Candesic was commercial due-diligence adviser and GK Strategy was political due-diligence adviser.
CLB Coopers was corporate-finance and tax adviser to Sandcastle, with Shoosmiths serving as its legal adviser.