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M&A Deal Summary

Culligan Acquires Zip Water

On July 4, 2017, Culligan acquired consumer products company Zip Water from Quadrant Private Equity

Acquisition Highlights
  • This is Culligan’s 1st transaction in the Consumer Products sector.
  • This is Culligan’s 1st transaction in Australia.

M&A Deal Summary
Date 2017-07-04
Target Zip Water
Sector Consumer Products
Buyer(s) Culligan
Sellers(s) Quadrant Private Equity
Deal Type Add-on Acquisition

Target

Zip Water

Condell Park, Australia
Zip Water is a designer and manufacturer of instant boiling water dispensers and other water solutions with over 60% market share in commercial markets in Australia, 30% market share in commercial markets in the UK, and presence in over 50 other countries. Zip Water was founded in 1947 and is based in Condell Park, Australia.

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Buyer(S) 1

Buyer

Culligan

Rosemont, Illinois, United States
Category Company
Founded 1936
Sector Consumer Products
DESCRIPTION

Culligan offers water softeners, filtration systems, industrial water treatment solutions, and drinking water systems. Culligan was founded in 1936 and is based in Rosemont, Illinois.

DEAL STATS #
Overall 1 of 9
Sector: Consumer Products M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 7
Country: Australia M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-16 Prospect Water Co.

Lombard, Illinois, United States

Prospect Water Co. LLC is an independent water solutions platform in the Culligan dealer network, offers a comprehensive suite of water-related products and services — including water equipment, bottled water, water treatment, and equipment installation, maintenance, and repair — to residential and commercial accounts nationwide. Prospect Water was established in 2011 and is based in Lombard, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Aqua Vital

Neuss, Germany

Aqua Vital is specialized in manufacturing and distribution of commercial water dispensers all over Germany. Aqua Vital was founded in 1999 and is based in Neuss, Germany.

Buy -

Seller(S) 1

SELLER

Quadrant Private Equity

Sydney, Australia
Category Private Equity Firm
Founded 1996
PE ASSETS 7.0B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Quadrant Private Equity is a generalist Australian private equity firm focused on management buyouts, buy-ins, and growth capital investments in a broad range of industries. Quadrant prefers profitable businesses and looks to commit AU$70 to AU$150 million per transaction. The Firm will not consider investments in mineral exploration or primary agriculture. Quadrant Private Equity is based in Sydney.

DEAL STATS #
Overall 17 of 23
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 9
Country: Australia M&A 14 of 20
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 Qscan Services

Clayfield, Australia

Qscan Services is a diagnostic imaging provider, operating 70+ clinics and with 100+ radiologists. Qscan Services was founded in 2006 and is based in Clayfield, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-29 Fitzpatricks

Sydney, Australia

Fitzpatricks is a privately-owned, national advisory firm specialising in wealth preservation, estate planning and investment management, both their businesses and families. Fitzpatricks was founded in1987 and is based in Sydney, Australia.

Buy -
Mergr

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