London, 08 January 2015: GE Capital, a leading European provider of mid-market Leveraged Finance, has been appointed as Mandated Lead Arranger alongside HSBC, ING, Santander and Societe Generale to provide £113m of senior debt facilities supporting the public to private acquisition of Waterlogic by Castik Capital and management.
As part of the package, an additional debt facility has been put in place to support a continuation of the Company’s proven acquisition strategy.
Founded in 1992, Waterlogic is the leading vertically integrated designer, assembler, distributor, and service provider of commercial Point Of Use drinking water purification and dispensing systems with a presence in over 50 countries.
Matthew Kirsch, Director of GE Capital, said: “Waterlogic has an impressive track record of both organic and acquisitive growth. The Company is well placed to lead the sectors on-going consolidation and drive global Point Of Use water purification/safety standards. We are delighted to support both the management team and Castik Capital through the next phase of the business’ development.”
GE Capital is one of Europe’s leading arrangers of leveraged finance for mid-market, private equity backed transactions, having lead >80 transactions since 2013.
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About GE Capital International
GE Capital International is a leading, global provider of specialist finance to the mid-market, with headquarters in London and serving customers from 30 markets across EMEA and Asia Pacific.
GE Capital International is focussed on driving growth in its core commercial leasing & lending products and markets. It provides mid-market customers with a wide range of financing solutions including accounts receivable management, inventory finance, asset backed lending, cross-border financing, leveraged finance, leasing/vendor finance and fleet management solutions.
GE Capital is one of Europe’s leading providers of leveraged finance for mid-market private equity backed transactions and has a leveraged loan portfolio in excess of €5 billion across EMEA covering 160 companies in the region. For more info, visit www.gecapital.eu.
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