Waterscan - making a splash

Our deal services team has successfully advised private equity firm LDC on their £12m investment in Waterscan.

The client

Founded in 1994, Waterscan helps customers develop effective sustainable water management strategies that deliver business resilience and environmental leadership. It employs more than 60 people at its sites in Chichester and Rotherham and advises a UK-wide customer base of blue-chip companies, including household names such as BT, Greene King, Sainsbury’s, John Lewis and Whitbread, the owner of Premier Inn.

Waterscan’s proprietary technology platform, Waterline, provides real-time data and insights on water management that enable customers to save water, reduce costs and make informed strategic decisions. The Waterline platform allows Waterscan to provide an end-to-end water solutions approach.

LDC, the private equity investor which is part of the Lloyds Banking Group, will support Waterscan’s growth strategy, which is underpinned by further investment in its Waterline technology and sustainability consultancy services.

Our solution

The mergers and acquisitions (M&A) deal team was led by Gemma Legg, with support from Mark Colling, Rhys Jennings, Aleks Djukanovic and Toby Sharp. 91̽»¨also provided tax structuring, tax due diligence and accounting advisory support, with these teams led by James Hunt, Michelle Harris and Ben Bilsland respectively.

Testimonial

“This is a fantastic partnership for LDC and Waterscan, as both parties are passionate about sustainability, particularly for such a scarce commodity as water. With the support of Neil Penhall and the broader LDC team, I’m sure Waterscan will continue to pioneer sustainable water management in the UK market. We’re thrilled to have been involved in the process and wish them continued success in this vital industry.”

Gemma Legg
Deal Services Partner, RSM