Ogier has advised the lenders on the GBP122.6 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 GBP113 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.
Scott says: “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.”
