Lexence assisted Waterland Private Equity with the sale and transfer of 100% of the shares in Van Vulpen

February 13, 2023 – Lexence assisted Waterland Private Equity, a Dutch private equity investment group that supports entrepreneurs in realizing their growth ambitions, with the sale and transfer of 100% of the shares in Van Vulpen, a Dutch specialist in underground infrastructure. Waterland wants to further professionalize its operations and facilitate growth.

With this, Van Vulpen has found a new owner in Waterland Private Equity. The majority interest of Mentha and the management’s shareholding will be fully transferred to Waterland, with the current management reinvesting.

Van Vulpen is one of the top contractors in the Netherlands focusing on underground infrastructure, particularly in regard to electricity, gas and water. The Gorinchem-based company specializes in horizontal directional drilling, which enables it to lay pipelines and cables underground over large distances with minimal impact on the environment. Van Vulpen is highly regarded for the quality it delivers, its process-based approach and its leading position in the field of sustainability. This is underlined by the duration of its partnerships and its healthy contract portfolio. In 2019, Mentha took a majority stake in the company to further professionalize its operations and facilitate growth. Waterland is now taking up the challenge of further shaping this successful process.