31 Oct 2025

"Vodafone Acquires Majority Stake in Cloud Specialist Skaylink from Waterland Private Equity"

"Waterland Private Equity has sold its majority stake in Skaylink, a leading European IT specialist in cloud solutions and digital transformation, to Vodafone. This acquisition will strengthen Vodafone's enterprise offerings by integrating Skaylink's expertise in cloud services. The transaction, expected to close by March 2026, marks a new growth phase for Skaylink, leveraging Vodafone's global telecommunications and IT capabilities. Legal advisory for Waterland was provided by Hengeler Mueller."

Hengeler Mueller advised Waterland Private Equity on the sale of its majority stake in Skaylink to Vodafone. The transaction involved European private equity firm Waterland Private Equity selling its majority stake in Skaylink, a leading IT specialist for public cloud solutions and digital transformation, to Vodafone. Skaylink generates revenues of over EUR 100 million and employs more than 500 people across Europe. The acquisition will enable Vodafone to strategically enhance its enterprise offering by integrating Skaylink’s established capabilities in the cloud segment. Over its five-year partnership with Waterland, Skaylink has become one of the leading providers of cloud services in Germany and Europe. The transaction is expected to close by the end of March 2026, subject to customary closing conditions. The Hengeler Mueller team advising Waterland included: - **Corporate/M&A**: Elisabeth Kreuzer (lead, partner), Daniel Wiegand (partner), Benedikt Hoegen (senior associate), André Jahn (senior associate), Maximilian Mayer (associate), Daniel Omasreiter (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)
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