Cibi e Bevande
Waterlogic Closes on Long-term Investment From Strong Institutional Partners to Accelerate Growth Ambition
BCI, with C$153.4 billion in assets under management (as of March 31, 2019 ), is a leading provider of investment management services to British Columbia's public sector and one of Canada's largest asset managers. Joining BCI as minority shareholders in Waterlogic are:
Jeremy Ben-David , Founder and Group CEO of Waterlogic, said:
Waterlogic has a direct presence in 17 countries including the UK, USA , Canada , Chile , Australia and Western Europe , and an extensive independent global distribution network reaching over 50 countries around the world. The company is responsible for hydrating nearly 50 million consumers daily and contributes to the reduction of 23.8 billion single-use plastic bottles around the world each year.
Waterlogic aims to build on its capabilities and customer base in both established and new geographic markets in pursuit of its mission to offer healthy drinking water solutions and contribute to the reduction of plastic pollution globally with a range of freestanding and countertop dispensers, Billi integrated dispensers and Purezza, the company's specialty restaurant and hospitality solution.
Inspired by innovation, Waterlogic has embraced superior Firewall™ and BioCote® technologies to create cutting-edge, highly certified products focused on delivering the safest, best-tasting water to all businesses in the most sustainable way. The company's approach to Environmental, Social and Governance (ESG) supports the growing demand from organisations looking to reduce the plastic pollution and high CO emissions associated with bottled water, and supports Waterlogic's long-term growth, relevancy and financial standing in the marketplace.
Waterlogic has annualised revenues of c. $400M and c. 550k water dispensers on rental and service contracts across 17 direct markets and employs over 3,000 people worldwide. Waterlogic was advised on the transaction by Goldman Sachs International, Skadden (legal), PwC (financial and commercial), Deloitte (tax), L.E.K. (commercial), and EY ( Luxembourg legal).
Waterlogic is an innovative designer, manufacturer, distributor and service provider of drinking water dispensers and solutions designed for environments such as offices, factories, hospitals, restaurants, hotels, schools and public spaces. From freestanding, countertop and integrated dispensers to water filling stations, fountains and boilers, every solution focuses on delivering the best quality water in the most sustainable way. Founded in 1992, Waterlogic was one of the first companies to introduce mains-fed dispensers to customers worldwide and has been at the forefront of the market promoting product design and water quality, the application of proprietary technologies, sustainability and world-class sales and service. Waterlogic has its own subsidiaries in 17 countries and its leading markets are the U.S., Australia and Western Europe , in particular the UK and Germany . In addition, Waterlogic's extensive and expanding independent global distribution network reaches over 50 countries around the world in North and South America , Europe , Asia , Australia and South Africa . More information can be found at www.waterlogic.com.
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