M&A Deal Summary

Soris Capital Partners and Ethos Partners Acquire Water Direct

On March 16, 2022, search fund Soris Capital Partners and private equity firm Ethos Partners acquired business services company Water Direct from FGS Agri

Acquisition Highlights
  • This is Soris Capital Partners’ 1st and Ethos Partners’ 3rd transaction in the Business Services sector.
  • This is Soris Capital Partners’ 1st and Ethos Partners’ 8th transaction in the United Kingdom.

M&A Deal Summary

Date 2022-03-16
Target Water Direct
Sector Business Services
Buyer(s) Soris Capital Partners
Ethos Partners
Sellers(s) FGS Agri
Deal Type Divestiture

Target

Water Direct

Essex, United Kingdom
Water Direct is a provider of alternate and emergency water supply, providing bulk water supplies and related services to a wide range of industries including businesses and communities. Water Direct was founded in 1996 and is based in Essex, United Kingdom.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

DESCRIPTION

Soris Capital Partners is a search fund focused on acquiring a profitable B2B based company with less than £30 million of revenue in the UK. The Firm seeks an owner looking to retire without a clear succession plan in place. Soris Capital Partners is based in London.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2022 M&A 1 of 1
DESCRIPTION

Ethos Partners LLP is a private investment firm formed by professionals to invest their own capital in the UK companies. The Firm looks to invest between $3 to $10 million for companies valued between $5 to $30 million and EBITDA greater than $1.5 million. Prospective transaction situations include management buyouts, growth financings, and recapitalizations. Ethos Partners was formed in 2017 and is based in London.


DEAL STATS #
Overall 9 of 18
Sector: Business Services M&A 3 of 6
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 8 of 16
Year: 2022 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 Cosegic

London, United Kingdom

Cosegic is a provider of compliance consultancy and RegTech services for firms that offer regulated financial services. Cosegic was founded in 2003 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-12 Norwegian Log

Berkshire, United Kingdom

Norwegian Log design, manufacture and supply a range of bespoke premium log building products to both private and commercial customers, across a range of end-user verticals throughout the UK. Norwegian Log is based in Berkshire, United Kingdom.

Buy -

Seller(S) 1

SELLER

FGS Agri

Pluckley, United Kingdom

Category Company
Sector Utilities
DESCRIPTION

FGS Agri Ltd. supplies water to utility and commercial companies as one of its utility contracting services.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-12 Water Direct

Essex, United Kingdom

Water Direct is a provider of alternate and emergency water supply, providing bulk water supplies and related services to a wide range of industries including businesses and communities. Water Direct was founded in 1996 and is based in Essex, United Kingdom.

Buy -