Former Montagu head joins Waterland

The European firm has hired an industry veteran to advise on its UK strategy and team development.

Waterland Private Equity has recruited Phil Goodwin as an advisory director to its new UK office in Manchester. The former UK head of Montagu Private Equity will help the Dutch firm with its strategy and team development in the UK.

Goodwin spent 10 years at Montagu. After leaving the firm in 2006, he founded Fusion, an East Africa-focused investment firm, which he will continue to chair.

Goodwin told PEI that Waterland will seek to build a small UK team in Manchester of between four and five investment professionals. One of these is already in place; Ryan Hallworth joined the firm in January as investment manager from corporate finance advisory firm DC Advisors. The firm will look to hire professionals with operational experience “that maybe other private equity firms wouldn’t consider” in order to fit in with the “DNA” of Waterland, said Goodwin.

Goodwin said Waterland’s “well thought through” investment strategies “will do well in the UK.”

“It is also great news that such a high quality investment house sees good opportunities in post-Brexit Britain,” he added.

The firm is currently investing its Fund VI, a €1.55 billion vehicle which closed in spring 2015. The vehicle is expected to be 75 percent invested by the end of 2017, and the firm is looking to raise a seventh, larger fund towards the end of this year, according to a PEI report last month.