The European private equity firm Waterland is entering into a strategic partnership with Condio Group, a leading provider of customized functional food ingredients. Condio develops and produces functional stabilizer systems that are critical to the consistency, stability, and quality of modern food products. Waterland has extensive experience in the food and food-related sectors.
Together with the existing management team, Waterland aims to accelerate the company’s growth, drive international expansion, and position Condio as a powerful platform within a structurally growing market.
The current shareholders and managing directors will remain active in operations and will reinvest a significant stake as part of the transaction. Closing of the transaction is expected in the second quarter of 2026, subject to customary regulatory approvals.
Hengeler Mueller advised Waterland comprehensively on the transaction and its financing.
Hengeler Mueller team for Waterland Private Equity
Corporate/M&A: Daniel Wiegand (partner, leads), David Negenborn (senior associate), Julian Pröbstl, Robin Reichel (both associate, all Munich),
Financing: Henning Hilke (partner), Tobias Rapp (associate, Frankfurt),
Tax: Matthias Scheifele (partner, Munich), Sebastian Heinrichs (counsel, Frankfurt), Florian Lenhart (associate, Munich),
Antitrust: Christoph Wilken (partner), Christoph M. Sielmann (senior associate, both Brussels),
Regulatory: Vera Jungkind (partner), Maximilian Wunderlich (associate, both Düsseldorf),
IP/IT: Matthias Rothkopf (partner), Milan Zmrzlak (associate, both Düsseldorf),
Employment: Hendrik Bockenheimer (partner), Katharina Merkel (associate, both Frankfurt).