From Food Delivery under Full Scrutiny – When Brussels takes on takeaway
30 October 2025
European private equity firm Waterland Private Equity has sold its majority stake in Skaylink, a leading IT specialist for public cloud solutions and digital transformation generating revenues of more than EUR 100 million and employing over 500 people across Europe, to Vodafone. With the acquisition, Vodafone will strategically enhance its enterprise offering by integrating Skaylink’s well-established capabilities in the cloud segment.
Over the course of its more than five-year partnership with Waterland, Skaylink has established itself as one of the leading providers of cloud services in Germany and Europe. The transaction marks the next phase of Skaylink’s development, enabling it to leverage Vodafone’s global telecommunications and IT expertise to unlock additional growth opportunities. The transaction is expected to close by the end of March 2026 and is subject to customary closing conditions.
Hengeler Mueller advised Waterland comprehensively on the transaction.
Hengeler Mueller team for Waterland
Corporate/M&A: Elisabeth Kreuzer (lead), Daniel Wiegand (both partner), Benedikt Hoegen, André Jahn (both senior associates), Maximilian Mayer Daniel Omasreiter (both associate, all Munich),
Financing: Henning Hilke (partner), Simon Tänzer (associate, both Frankfurt),
IP/IT: Matthias Rothkopf (partner), Nina Mackenstedt (associate, both Düsseldorf),
Antitrust: Christoph Wilken (partner), Christoph Sielmann (senior associate, both Brussels),
Tax: Matthias Scheifele (partner, Munich), Jan Adami (senior associate, Frankfurt).
