Ogier pours advice into takeover deal

Tuesday 10 February 2015

Ogier has been giving legal advice on a multimillion pound deal to buy the UK company that provides mains-fed water purification and dispensing systems.

The law firm advised the lendersthrough the £122.6 million acquisition of LSE-listed Waterlogic plc.

The lenders include GE Capital, HSBC, ING, Santander and Societe Generale and together they provided £113 million of senior debt facilities supporting the take-private by private equity fund Castik Capital of the UK based provider of mains-fed drinking water purification and dispensing systems.

Managing Associate Edward Scott led on the transaction with Managing Associate Sara Johns advising on the listed acquisition elements.

Mr Scott said: “The transaction was unusual because the practicalities of taking Jersey law security over the shares in Waterlogic plc needed to dovetail with the process for acquiring Waterlogic plc, an LSE-listed company, by Court-approved Scheme of Arrangement.”