M&A Deal Summary

Banksia Capital Acquires Cool Clear Water Group Pty

On October 1, 2008, private equity firm Banksia Capital acquired utilities company Cool Clear Water Group Pty for 7M USD

Acquisition Highlights
  • This is Banksia Capital’s 1st transaction in the Utilities sector.
  • This is Banksia Capital’s largest (disclosed) transaction.
  • This is Banksia Capital’s 1st transaction in Australia.
Investment Fate
  • Cool Clear Water Group Pty was sold to a publicly-traded strategic buyer in 2013 for 60M AUD.

M&A Deal Summary
Date 2008-10-01
Target Cool Clear Water Group Pty
Sector Utilities
Buyer(s) Banksia Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 7M USD

Target

Cool Clear Water Group Pty

Osborne, Australia
CCW is a national market leader in the point of use installed water filter market with over 20,000 rented coolers and operations across Australia.

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Buyer(S) 1

Buyer

Banksia Capital

West Perth, Australia

Investor Investor Investor

Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Banksia Capital is a provider of equity for expansion, acquisition, or MBO/MBI opportunities in Western Australia. The Firm looks to invest $3 to $15 million per transaction. Banksia does not have any sector preferences, however, the firm avoids investing in real estate or mining. Banksia Capital was formed in 2003 and is based in Perth.

DEAL STATS #
Overall 1 of 9
Sector (Utilities) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 5
Country (Australia) 1 of 8
Year (2008) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-07 Pioneer Credit

Perth, Australia

Pioneer Credit is an Australia-based finance service provider company. Pioneer Credit is focused on acquiring and servicing Purchased Debt Portfolios (PDPs). Pioneer Credit was founded in 1988 and is based in Perth, Australia.

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