M&A Deal Summary

Waterlogic Acquires Cool Clear Water Group Pty

On May 24, 2013, Waterlogic acquired utilities company Cool Clear Water Group Pty from Banksia Capital for 60M AUD

Acquisition Highlights
  • This is Waterlogic’s 3rd transaction in the Utilities sector.
  • This is Waterlogic’s largest (disclosed) transaction.
  • This is Waterlogic’s 1st transaction in Australia.

M&A Deal Summary
Date 2013-05-24
Target Cool Clear Water Group Pty
Sector Utilities
Buyer(s) Waterlogic
Sellers(s) Banksia Capital
Deal Type Add-on Acquisition
Deal Value 60M AUD

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

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 3 of 43
Sector (Utilities) 3 of 25
Type (Add-on Acquisition) 3 of 39
Country (Australia) 1 of 3
Year (2013) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-29 Aqua Service AS

Oslo, Norway

Aqua Service AS is a vendor of water dispensers and coffee machines based in Sweden and Norway. Aqua Service has 10,885 machines installed in the field in Norway and Sweden, with POU water dispensers, its fastest growing segment, currently representing 16% of its installed base.

Buy Nkr37M
FOLLOWING 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 -

Seller(S) 1

SELLER

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 5
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 1 of 3
Country (Australia) 1 of 5
Year (2013) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 MTI Group

Wangara, Australia

MTi Group is an innovator, inventor and manufacturer of Mining Consumables, Products and Services. MTI Group is specialized in Drill and Blast Consumables and mining solutions including: Gas bags, Blast bags, Air bags, Blast hole liners, Borehole Plugs, Blast hole stabilizers, Explosive retainers, and other mining products. MTI Group is based in Wangara, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-19 Croissant Express Franchising Pty.

Perth, Australia

Franchised café chain.The number of franchised stores has doubled since Banksia invested.

Sell -
Mergr

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