Waterland Acquires Majority Stake in X²O
August 27, 2024
Waterland, a pan‑European private equity investor, has taken a majority share in X²O, the Ghent‑based omni‑channel retailer of bathroom equipment and furniture. Vendis Capital and founder Jan Ollevier retain significant minority stakes; the investment will support X²O's continued international expansion across the Benelux and into Germany.
- Buyers
- Waterland
- Targets
- X²O
- Sellers
- Vendis Capital, Jan Ollevier
- Industry
- Retail
- Location
- East Flanders, Belgium
- Transaction Type
- Buyout
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