Funds advised by Borromin Capital, a DACH and Benelux focused private equity firm, sold the WATR Group to funds managed by Castik Capital, the long-term focused investment fund. The WATR Group is a leading provider of dewatering and groundwater purification solutions in Europe, with a strong presence in Germany, the Netherlands and Belgium.

AKD acted as Dutch and Belgian counsel on the transaction, with Noerr as lead counsel.

The transaction is subject to regulatory approvals.

The multi-jurisdictional team was led by Lennart Crain (Corporate M&A).

In the Netherlands, the team consisted of Wouter Kros, Peter Cohen, Lisanne Maes and Ruben Dickhoff (Corporate M&A), Daan ter Wee (Notarial), Niels Hagelstein (Finance), Jorn de Bruin and Lisanne van Schaik (Employment and Pensions), Daan Pinxter and Robin Janssen (Environmental and Permits), Philippine Beerman (Commercial Contracts), and Nino van Deinsen and Christina Peters (Real Estate).  

In Belgium, the team consisted of Timothy Speelman and Pieter De Vos (Corporate M&A), Julien Hick and Heleen Franco (Employment and Pensions), and Steven Ongena and Pol Cools (Real Estate and Construction), Christine Delagaye and Laura Pellens (Energy).