In a deal worth AU$60 million, DLA Piper has advised Waterlogic Plc (Waterlogic) on its entry into the Australian water cooler market through the acquisition of all of the issued share capital of Cool Clear Water Group Limited (Cool Clear Water). Cool Clear Water is the leading supplier of point-of-use drinking water purification and dispensing systems in Australia.

AIM-listed Waterlogic is a leading global designer, manufacturer, distributor and operator of mains-attached point-of use drinking water purification and dispensing systems, designed for environments such as offices, factories, hospitals, hotels, schools, restaurants and other workplaces.

The acquisition was financed through Waterlogic's existing cash facilities and a credit facility with HSBC and Clydesdale Bank.

DLA Piper's team was led by Melbourne-based Partner, Dr Gerry Bean and Senior Associate, Joshua Heard, with support from Solicitor, Rebecca Zwier and colleagues in Australia and the UK. Melbourne-based Partner, Monique Stella and Solicitor, Mei Mei Wong advised on the Australian aspects associated with the credit facility.

Said DLA Piper Partner, Gerry Bean: "We are delighted to have advised Waterlogic on such a transformational acquisition and we wish them every success with their expansion into a major new territory.

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