BCI, Neuberger Berman, StepStone and Skandia Acquire Minority Stake in Waterlogic
April 28, 2020
British Columbia Investment Management Corporation (BCI), joined by Neuberger Berman, StepStone and Skandia, has closed the acquisition of a significant minority stake in Waterlogic from funds managed by Castik Capital and the Waterlogic management team. The institutional investors provide growth capital to support Waterlogic's global expansion and M&A activity; Waterlogic reports ~ $400M in annualised revenues, c.3,000 employees and ~550k dispensers on rental/service contracts across 17 direct markets.
- Buyers
- British Columbia Investment Management Corporation (BCI), Neuberger Berman, StepStone, Skandia
- Targets
- Waterlogic
- Sellers
- Funds managed by Castik Capital, Waterlogic management team
- Industry
- Manufacturing
- Location
- United Kingdom
- Transaction Type
- Growth capital
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