DEAL DONE | Aeternus and Focus Capital Partners advise on €30M growth financing for MTD Water
Aeternus, together with Irish partner FOCUS Capital Partners, successfully completed the Debt Advisory process for MTD Water. MTD Water is global market leader in temporary water solutions, headquartered in Tilburg. The objective of this process was to raise financing to support MTD Water’s ambitious growth plans. The process consisted of raising €30 million in funding. Thanks to the collaboration with FOCUS Capital Partners within the international M&A Worldwide network, the necessary funds could be raised to enable the intended growth.
“This is a significant capital raise for MTD Water and provides the capital needed to expand our business and support our national and international customers. MTD continues to develop innovative solutions to deliver high-quality water to customers, meeting the highest standards and with a focus on water conservation and efficiency.”
Hans Verhoeven, CEO of MTD Water
The transaction was led by Aeternus with deal team Rob Woodford, Jacques Jetten and Peter Segers with support from FOCUS Capital Partners involving Michael Lalor, Robert Adams, Ruairi McEntee, Jonathan Mawhinney, Chris Redahan and Anthony Maher.
We congratulate MTD’s CFO, Richard van Klinken, who led the transaction for MTD and the wider MTD team involved in the funding process, comprising Hans Verhoeven, Richard van Klinken, Monique Verhoeven, Jan Verhoeven and Caroline Verhoeven.
The €30m senior debt facility was provided by P Capital Partners with Petter Björklén, August Moberg, Hannah Bozorgnia and Luke G. Mooney. Simmons & Simmons acted as a borrower counsel with Ivo van Dijk, Emrecan Karacaoglu, Tim Jansen and Rachel Stanton involved. And Greenberg Traurig, LLP acted as lender counsel with Sabine Schoute, Suzanne Rozing, Monique van den Heuvel van Varik and Aukje Strik involved. BDO provided the Financial Diligence. This was provided by Eline Lip, CFA, Ruben Willems, Tom van Ekerschot and Eldert Elzinga. Many thanks to all involved from Aeternus.
This is an excellent example of how the M&A Worldwide network works together to provide solutions to our clients, both nationally and internationally.
About MTD
MTD Water, headquartered in the Netherlands, with 260 employees and 11 offices worldwide, is the market leader in innovative temporary water solutions for large events and temporary facilities. For 35 years, MTD has provided experienced and passionate staff, high-quality equipment and the latest technologies so that projects, anywhere in the world, can have optimum water supply and treatment. They provide temporary water infrastructures for both drinking water and wastewater. The specialists have the right knowledge for events, trade fairs and industry. The service starts from thinking along with organisations during the infrastructure design phase to project management and implementation. MTD works in an environmentally friendly way and recycles/reuses as much water as possible.
Their purpose: “create a better future with sustainable water use.”