Ogier advises lenders on £122m Waterlogic take-private

Ogier has advised the lenders on the £122.6 million acquisition of LSE-listed Waterlogic plc by Castik Capital. 

The lenders include GE Capital, HSBC, ING, Santander and Societe Generale and together they provided £113 million of senior debt facilities supporting the take-private by private equity fund Castik Capital of the UK based provider of mains-fed drinking water purification and dispensing systems.

Edward Scott, Managing Associate, led on the transaction with Sara Johns, Managing Associate advising on the listed acquisition elements.

Edward Scott, Managing Associate, said “The transaction was unusual because the practicalities of taking Jersey law security over the shares in Waterlogic plc needed to dovetail with the process for acquiring Waterlogic plc, an LSE-listed company, by Court-approved Scheme of Arrangement.”