Rezatec Exits Under Shard Credit Partners, Acquired by Undisclosed Buyer
Deal News | Dec 16, 2024 | B Daily
Rezatec Ltd, a geospatial AI company based in Oxford and focused on risk management for the water industry, has been acquired by an undisclosed buyer. This transaction marks a successful exit for Shard Credit Partners, which had invested in Rezatec just a year prior. Rezatec leverages AI analytics, satellite imagery, and environmental data to assist in managing water infrastructure, primarily serving clients in the US. The sale underscores the firm's rapid growth and the escalating demand for AI solutions in critical infrastructure. RG Corporate Finance advised Shard Credit Partners on the sale, with legal support from Gateley Legal. Shard Credit Partners’ CEO Alastair Brown highlighted the potential for Rezatec to grow internationally under its new owner. The acquisition also stands as a testament to growing interest from global acquirers in innovative UK tech businesses like Rezatec.
Sectors
- Artificial Intelligence
- Water and Waste Management
- Corporate Finance Advisory
Geography
- United Kingdom – Rezatec Ltd is based in Oxford, UK, and much of the corporate and legal advisory involved UK-based firms.
- United States – Rezatec's primary client base is in the US, particularly in the water industry sector.
Industry
- Artificial Intelligence – Rezatec Ltd specializes in geospatial AI technology, using AI analytics to manage water infrastructure, highlighting the growing demand for AI solutions.
- Water and Waste Management – Rezatec's primary market focus is on water infrastructure management, serving companies in the water industry.
- Corporate Finance Advisory – The sale of Rezatec involved corporate finance advisory provided by RG Corporate Finance and legal services from Gateley Legal and Osborne Clarke.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Rezatec Ltd | Target Company | Company | An Oxford-based geospatial AI company focusing on risk management for water infrastructure. |
| Shard Credit Partners | Selling Company | Company | A private equity firm who was the majority shareholder in Rezatec Ltd. |
| RG Corporate Finance | Corporate Finance Advisor | Company | Provided advisory services to Shard Credit Partners in the sale of Rezatec Ltd. |
| Gateley Legal | Legal Advisor | Company | Provided legal services for the sale of Rezatec Ltd. |
| Osborne Clarke | Legal Advisor for Management | Company | Provided legal advice to the management team of Rezatec Ltd. |