Castik Capital's EPIC I‑b Acquires Controlling Stake in Waterlogic

Castik Capital Acquires Majority Stake in WATR Group

November 27, 2024

Environmental Services

Funds managed by Castik Capital S.à r.l. have agreed to acquire a majority stake in WATR Group from funds advised by Borromin Capital. WATR Group’s CEO Steffen Saur and the executive team will remain and invest alongside Castik as the company pursues capacity expansion, capability development in water treatment services and potential geographic growth in Germany and the Netherlands.

Culligan International Combines with Waterlogic Group Holdings

December 22, 2021

Consumer Products

Culligan International and Waterlogic Group Holdings have completed a combination to create a global leader in clean and sustainable drinking water solutions. The combined company, headquartered under the Culligan name and majority owned by funds affiliated with BDT Capital Partners, expands product range, global reach and service capabilities across consumer and commercial end markets.

Waterlogic Acquires Merquip in New Zealand

October 1, 2021

Manufacturing

Waterlogic, the Castik Capital-backed global designer and distributor of purified water dispensers, has acquired Merquip, a longtime Auckland-based supplier of hydration solutions. The deal gives Waterlogic a direct presence in New Zealand and expands its point-of-use (POU) and bottle-filling station offering in the region as part of its buy-and-build strategy.

Waterlogic Acquires Waterconcept Hungary Kft

July 23, 2021

Manufacturing

Waterlogic has acquired 100% of the shares of Waterconcept Hungary Kft, a Budapest-based supplier of mains-fed water dispensers serving the premium HoReCa segment. The deal expands Waterlogic's hospitality (HoReCa) offering in Hungary and is part of Waterlogic's buy-and-build strategy while the company remains owned by funds managed by Castik Capital.

Castik Capital Acquires Majority Stake in Element Logic

June 4, 2021

Logistics & Distribution

Funds managed by Castik Capital have agreed to acquire a majority stake in Element Logic, partnering with co-founders Dag-Adler Blakseth and Kjell Blakseth plus the management team and employees. Castik will support Element Logic's rapid organic expansion across Europe and help expand its service and software capabilities, with Ares providing financing and several advisors engaged on both sides.

BCI, Neuberger Berman, StepStone and Skandia Acquire Minority Stake in Waterlogic

April 28, 2020

Manufacturing

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.