GE Capital in Financing Deal to Support Castick Capital Buy
GE Capital International announced it has been appointed as mandated lead arranger alongside HSBC, ING, Santander and Societe Generale to provide £113m ($170 million) of senior debt facilities supporting the public to private acquisition of Waterlogic by Castik Capital and management.
As part of the package, an additional debt facility has been put in place to support a continuation of the company’s proven acquisition strategy.
Founded in 1992, Waterlogic is a vertically integrated designer, assembler, distributor, and service provider of commercial point of use drinking water purification and dispensing systems with a presence in over 50 countries.
Matthew Kirsch, director of GE Capital, said “Waterlogic has an impressive track record of both organic and acquisitive growth. The Company is well placed to lead the sectors on-going consolidation and drive global point of use water purification safety standards. We are delighted to support both the management team and Castik Capital through the next phase of the business’ development.”