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  5. Waterlogic Acquires Angel Springs

M&A Deal Summary

Waterlogic Acquires Angel Springs

On January 8, 2015, Waterlogic acquired beverage company Angel Springs from LDC

Acquisition Highlights
  • This is Waterlogic’s 1st transaction in the Beverages sector.
  • This is Waterlogic’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2015-01-08
Target Angel Springs
Sector Beverages
Buyer(s) Waterlogic
Sellers(s) LDC
Deal Type Merger
Advisor(s) Deloitte (Financial)

Target

Angel Springs

Wolverhampton, United Kingdom
Angel Springs is a water cooler service companies and rents out bottled water coolers and point-of-use water coolers, sells consumables, and provides related services. The group serves an installed base of more than 46,000 bottled water coolers and 14,000 point-of-use water coolers in the UK. Angel Springs was founded in 2003 and is based in Wolverhampton, United Kingdom.

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Buyer(S) 1

Buyer

Waterlogic

Berkshire, United Kingdom
Category Company
Founded 1992
Sector Utilities
DESCRIPTION

Waterlogic is a designer, manufacturer, distributor and operator of mains attached point-of-use ("POU") drinking water purification and dispensing systems designed for environments such as offices, factories, hospitals, hotels, schools, restaurants, and other workplaces. Waterlogic was established in 1992 and is based in Berkshire, United Kingdom.

DEAL STATS #
Overall 5 of 43
Sector (Beverages) 1 of 6
Type (Merger) 1 of 1
Country (United Kingdom) 1 of 4
Year (2015) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-22 Eauvell Wasserspender Service

Hamburg, Germany

Eauvell Wasserspender Service GmbH is a supplier of bottled water coolers in Northern Germany and serves their customers with high-quality spring water from the sites in Kiel , Hanover and Greifswald.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-16 Just Water Australia Pty

Australia

Just Water Australia Pty Ltd. is a supplier of water-coolers, drinking water, and filters.

Buy AU$11M

Seller(S) 1

SELLER

LDC

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 3.6B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

LDC is the private equity and investment arm of Lloyds Banking Group. LDC invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. LDC was formed in 1981 and is based in London.

DEAL STATS #
Overall 83 of 202
Sector (Beverages) 2 of 2
Type (Merger) 4 of 7
Country (United Kingdom) 80 of 196
Year (2015) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Coppice

Mid Glamorgan, United Kingdom

Coppice is an international supplier of aluminium foil packaging to the food manufacturing processing and baking industries as well as the wholesale, institutional catering and non-food markets. Coppice was founded in 1972 and is based in Mid Glamorgan, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-16 NEC Group

Birmingham, United Kingdom

NEC Group is a live entertainment business operating exhibitions, conferences, music, sports, family entertainment and hospitality. NEC Group was founded in 1976 and is based in Birmingham, United Kingdom.

Buy £307M
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