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    Home»Fundraising»Castik Capital closes new single asset fund to support Waterlogic’s ambitious growth plans
    Fundraising

    Castik Capital closes new single asset fund to support Waterlogic’s ambitious growth plans

    May 22, 20211 Min Read
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    Castik Capital, a European private equity investment firm, has closed a new single asset fund, EPIC I-b, which will acquire a controlling stake in Waterlogic, a global provider of purified drinking water dispensers, at its hard cap of EUR700 million.

    The Fund will provide Waterlogic with an extended investment horizon, additional capital to execute its buy & build strategy, and the resources to support Waterlogic’s global growth ambitions.

    Since EPIC I Fund’s initial investment in Waterlogic in January 2015, Waterlogic’s business has increased fivefold, driven by favourable underlying market and sustainability trends in a growing and under-penetrated B2B water market and a deep pipeline of buy and build opportunities globally. Waterlogic has grown to become a leading global provider of purified drinking water dispensers, with revenues of cUSD400 million and EBITDA in excess of USD150 million.

    Read more at Private Equity Wire

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