Hogan Lovells Advises Lenders on £122M Waterlogic Take-Private
12 January 2015
LONDON, 12 January 2015 - Hogan Lovells has advised GE Capital, HSBC, ING, Santander and Société Générale as lenders on the £122.6 million public to private acquisition of Waterlogic Plc by Castik Capital. The transaction closed on 9 January 2015.
The lenders provided £113 million of senior debt facilities supporting the take-private of the UK-based provider of mains-fed drinking water purification and dispensing systems by private equity fund Castik Capital.
The Hogan Lovells team advising the lenders was led by London banking partner Stuart Brinkworth with associates Paul Tannenbaum and Oliver Shafe.
Commenting on the transaction, Stuart said:
"We are extremely pleased to have advised the Lenders on Castik's first acquisition since raising their first fund. The multi-Lender/ multi-jurisdictional aspects of the deal play to the strengths of Hogan Lovells' banking practice really well."
Castik Capital was advised by White & Case, led by London partner Colin Harley.