Noerr advises Borromin on sale of WATR Group

A Noerr team led by Julian Lemor and Dominik Rompza has provided extensive advice to funds advised by Borromin Capital Management on the sale of the WATR Group. The buyers are funds advised by Castik Capital S.à r.l. and WATR’s management. 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.

Borromin Capital Fund IV acquired WATR as a primary buyout in August 2019, enabling the company based in Bad Bentheim, Germany, to further expand its market position as part of a buy & build strategy. During the investment period, WATR significantly expanded its branch network in Germany and successfully completed the acquisition of three attractive strategic add-ons.

Borromin is an independent private equity investor focusing on businesses within German speaking Europe and the Benelux countries. Founded in 2001, it pursues a successful, value-orientated strategy of investing in profitable companies.

The transaction is still subject to regulatory approvals.

Advisors to Borromin: Noerr

Lead: Julian Lemor (partner, Private Equity/M&A, Frankfurt), Dominik Rompza (partner, Private Equity/M&A, Berlin)

Private Equity/M&A: Mirjam Meyer (senior associate, Frankfurt), Daniel Fuchs (senior associate, Berlin), Michael Döppner (associate), Jannik Duttlinger (associate), Janna Lakos (associate, all Frankfurt)

Employment & Pensions: Boris Blunck (partner), Johannes Allmendinger (associated partner), Daniela Reinhardt (associate), Philipp Zinndorf (associate, all Frankfurt)

Real Estate Investment: Tim Behrens, Alexander Jänecke (both partners), Christoph Hons (associated partner), Philipp König (senior associate), Hendrik Westendorf (associate, all Frankfurt)

Data/Tech/IT: Julian Cornelius Monschke (associated partner, Frankfurt), Fabian Kunkel (senior associate), Mirjam Lück (senior associate, both Munich)

Banking & Finance: Michael Schuhmacher (partner), Pinar Turkac-Christmann (associated partner, both Frankfurt)

Antitrust/FDI: Jens Peter Schmidt (partner, Brussels), Max Helleberg (associated partner, Berlin), Sven Betzendörfer (associate), Nigina Zahedi (associate, both Brussels)

Commercial: Diana Richter (counsel, Munich), Lukas Schu (senior associate, Frankfurt)

Regulatory: Hendrik Schlutt (counsel, Berlin)

IP: Katja Steinthaler (senior associate, Munich)

Advisors on Dutch and Belgian law (local counsel): AKD

Advisors to Castik: Skadden, Arps, Slate, Meagher & Flom LLP (London and Frankfurt)