BDT Capital Parnters and Abu Dhabi sovereign wealth fund Mubadala Investment Company and its asset management subsidiary Mubadala Capital, said on Monday they have completed an acquisition of water treatment company Culligan International.

BDT Capital Partners has bought a majority interest in Culligan from Advent International and Centerbridge Partners in a deal first announced in May.

Mubadala provided a significant capital commitment as an anchor partner in the transaction. Advent will also retain a minority stake in Culligan going forward.

The financial terms of the transaction were not disclosed.

Adib Mattar, head of Private Equity at Mubadala Capital, said: “We have built our private equity business around identifying world class management teams that operate market leading businesses. Culligan is a prime example of adhering to this strategy.”

“We have been successfully partnering with BDT since their founding and look forward to continuing to build on that relationship with this latest investment.”

Read more/Source: Reuters