Castik's Waterlogic bolts on Aqua Line

Following the deal, Aqua Logic will gradually be merged with Waterlogic Denmark, in particular strengthening the acquirer's presence in the Copenhagen area.

The deal marks the seventh bolt-on acquisition the company has made under Castik's stewardship.

Most recently Waterlogic bought the water cooler division of PHS Group in January 2016, a deal that was supported by a £250m near-term loan from ING, HSBC, Societe Generale and SMBC. Other purchases include Just Water International and Unlimited Water in Australia; Clear Water in Norway; and Greenworks Water and Angel Springs in the UK.

Previous investment
Castik took Waterlogic private in November 2014 for £122.6m. According to unquote" data, a £113m debt facility supported the deal, provided by GE Capital, HSBC, ING, Santander and Societe Generale.

Company
Founded in 1998 and headquartered in Roskilde, near Copenhagen, Aqua Line distributes point-of-use water coolers and integrated boiling water taps.

People
Castik Capital - Marc-Oliver Jauch, Michael Gröber, Reiner Löslein, Michael Philips (founding partners).
Waterlogic - Erik Gulbrandsen (managing director for Denmark).

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