WATR Group Partners with Castik Capital for Growth
Deal News | Nov 27, 2024 | Castik Capital
Castik Capital has entered into a partnership with WATR Group, acquiring a majority stake from Borromin Capital. WATR Group is recognized for its expertise in groundwater management and water purification in Germany and the Netherlands. Under the leadership of CEO Steffen Saur, the company aims to intensify its growth strategy by enhancing its capabilities in dewatering services and exploring new opportunities in water treatment. This partnership intends to leverage Castik's support to meet the rising market demand, enhance infrastructure, and align with sustainability objectives. The collaboration will also focus on expanding WATR Group's geographical presence through organic growth and strategic acquisitions. Castik was advised by Raymond James, Roland Berger, PWC, and Skadden, Arps, Slate, Meagher & Flom.
Sectors
- Water Management
- Private Equity
Geography
- Germany – WATR Group operates in Germany, where it is a leading provider of groundwater management and dewatering services.
- Netherlands – WATR Group also operates in the Netherlands, an integral part of its core market.
Industry
- Water Management – This industry relates to the management, treatment, and purification of water resources, which is WATR Group's core business.
- Private Equity – Castik Capital, a private equity firm, has invested in WATR Group by acquiring a majority stake, highlighting the industry's involvement.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| WATR Group | Target Company | Companies | A market leader in groundwater management and purification in Germany and the Netherlands. |
| Castik Capital | Bidding Company | Companies | A private equity firm acquiring a majority stake in WATR Group. |
| Borromin Capital | Selling Company | Companies | The previous majority stakeholder in WATR Group, from whom Castik Capital acquired the stake. |
| Steffen Saur | CEO of WATR Group | People | CEO of WATR Group who will continue to lead the company post-acquisition. |
| Raymond James | Advisors | Companies | Provided advisory services to Castik Capital during the transaction. |
| Roland Berger | Advisors | Companies | Management consulting firm advising Castik Capital. |
| PWC | Advisors | Companies | Professional services firm advising Castik Capital. |
| Skadden, Arps, Slate, Meagher and Flom | Legal Advisors | Companies | Provided legal advisory services to Castik Capital. |