Waterland Private Equity-backed Global Equestrian Group to acquire Palm Beach International Equestrian Center.

Waterland Private Equity-backed Global Equestrian Group, an equestrian sports group, agreed to acquire Palm Beach International Equestrian Center, an equestrian facility in Wellington, Florida. Financial terms were not disclosed. "As always, we are pleased to see a continued investment in US equestrian sport. This significant commitment to world class facilities, horse and rider welfare, and USEF and FEI competitions further validates the market’s demand, at all levels, for organized sport. The Winter Equestrian Festival and PBIEC are fantastic brands within international equestrian sport. Together, we will strengthen the offering and create a global market leader spreading our passion for equestrian sport and lifestyle to new markets," Andreas Helgstrand, GEG CEO.