Transaction Details

October 23, 2015
London, Manchester

Sector

Industrials and Industrial Technology, Energy

Deal Type

M&A, ESG

Deal Value

N/D

Deal Team

Adrian Reed, Oliver Vaughan, Laura Meaden

GCA Altium advises Envirogen Group on its sale

GCA Altium acted as exclusive financial adviser to the shareholders of Envirogen Group S.A., a subsidiary of Amplio Group, participated by Ambienta Private Equity, on its sale to a consortium of investors, led by Promethean UK Opportunities Fund II, LP.

Envirogen is a leading global provider of environmental technology and process solutions for the treatment of water, wastewater and materials recovery. Envirogen enjoys a strong position in its selected end markets, primarily serving blue chip international corporates in the Food and Beverage and Healthcare sectors in Europe, and Mining, Chemical/Refining and Power in North America.

Promethean UK Opportunities Fund II, LP is the second UK focused, lower mid-market special situations fund managed by Promethean Investments LLP.

GCA Altium’s appointment owed to its international footprint, key relationships with global blue chip corporates and extensive track record of cross-border transactions, of which this transaction marks the 28th this calendar year.

The transaction has culminated in a highly positive outcome for both exiting shareholders and continuing management, equipping Envirogen with the ideal partner to support the business through its next growth phase.

Riccardo Segat, Chairman of Envirogen, said: “The GCA Altium team were outstanding and played a critical role in securing this excellent result for the Envirogen shareholders. Their extensive knowledge of the sector and rigorous understanding of the business allowed them to reach a genuinely global buyer set and receive a result that worked for all shareholders.”

Mauro Roversi, Partner at Ambienta, said: “The team at GCA Altium were absolutely key in getting our deal done and were extremely professional, diplomatic and commercial throughout. Despite the many twists and turns during the process, they were unfazed and remained focused on the end goal, always going the extra mile. We were all delighted with the result when the deal was completed.”

Adrian Reed, Managing Director at GCA Altium, said: “It was a pleasure advising the shareholders of Envirogen on this transaction and we are sure the business will continue to flourish under Promethean’s ownership. This transaction is the latest in a long line of successful UK Industrial transactions for GCA Altium, and yet another in 2015, having already advised Bifold on its sale to Rotork for £125m and the £80.7m take private of Alkane Energy by Balfour Beatty.”

ESG Advisory – Dealmaking with Impact

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