Growth equity investment firm Verdane has partnered with Scott Capital Partners and made a significant majority investment in Bluewater Bio, a UK-based technology company focused on sustainable solutions for water reuse, via Aquavest, a global water technology platform.
Bluewater provides proprietary technology solutions that enable more efficient and sustainable water reuse operations. Its technology has so far made more than 1.8 billion tonnes of treated wastewater available for reuse, providing recycled water for irrigation, clean water for rivers, and completing the water cycle in a sustainable way.
Founded in 2007, the existing management team arrived in 2015 and restructured the company. Bluewater works with clients across multiple geographies, helping them improve efficiency and performance of their water infrastructures, while improving the environmental impact.
Verdane, Scott Capital Partners and Aquavest will partner with Bluewater’s management team to support the company’s next phase of development, broadening global access to its technology and overall offering. The partnership will reportedly focus on accelerating growth across existing markets as well as international opportunities, building on Bluewater’s commercial capabilities, while preserving the company’s long-term approach to sustainability.
Salica Investments, the former majority owner of Bluewater, realised its investment in the business as part of this transaction.
