Hogan Lovells Advises Ovivo Inc on Sale of its UK Municipal Water Division
03 March 2015
LONDON, 3 March 2015 - Hogan Lovells has advised Ovivo Inc. on the sale of its United Kingdom municipal division to Jacopa Limited, a company owned by some members of the local management team. The transaction completed on 27 February 2015.
This transaction forms part of Ovivo Inc.'s wider strategy to restructure its operations to enable it to focus exclusively on core water treatment markets, namely the Electronics, the Municipal in North America and the Energy water treatment markets. This transaction enabled Ovivo Inc. to divest its non-core municipal water treatment business in the UK.
The Hogan Lovells team advising Ovivo Inc. on the sale was led by relationship partner Tom Whelan and private equity partner Keith Woodhouse, with corporate associate Holly Hirst together with banking partner Paul Mullen and banking associate Scott Gibson.
Commenting on the transaction, Tom said:
"We are delighted to have assisted Ovivo Inc. on this important transaction for them and continue to build on our long-standing relationship with Ovivo Inc. and its management team."