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Private equity investors focused on the water sector in 2011 with Liberation Capital investing in Bluewater Bio, Ambienta investing in Amplio Filtration and Permira taking a stake in Netafim. Irrigation was a target for VCs, with ET Water raising funds for its smart irrigation technology, while in desalination NanoH2O and Saltworks also raised funds. Waterlogic’s £48.5 million fundraising was a rare AIM listing in the water sector. M&A dominated equity deals in terms of size. Transactions included Ecolab’s US$5.4 billion acquisition of Nalco Holding, the £2.4 billion acquisition of Northumbrian Water by Cheung Kong Infrastructure Holdings, LG’s acquisition of Daewoo ENTEC and the purchase of a majority stake in WEX of India by Aquatech.
Deals |