Culligan International combination with Waterlogic Group Holdings
We are advising BDT Capital and Culligan International on the transaction
Davis Polk is advising BDT Capital and its portfolio company, Culligan International, on Culligan’s combination with Waterlogic Group Holdings. The transaction is expected to close in the second half of 2022, subject to the receipt of regulatory approvals and the satisfaction of other customary closing conditions. Financial terms of the transaction were not disclosed.
Founded in 1936 and headquartered in Rosemont, Illinois, Culligan International is a world leader in delivering premium water services and solutions that improve the health and wellness of consumers. Committed to sustainable solutions, Culligan offers some of the most technologically advanced water filtration and treatment services and solutions available, including water softeners, drinking water systems and whole-house systems for homeowners and bottleless coolers for businesses. Waterlogic is an innovative designer, manufacturer, distributor and service provider of drinking water dispensers and accessories designed for environments such as offices, factories, hospitals, restaurants, hotels, schools and public spaces.
The Davis Polk corporate team includes partners Marc O. Williams and Evan Rosen and associates Daisy Wu and Raphael Agundez. The finance team includes partner J.W. Perry and associate Jack Orford. Partner David H. Schnabel is providing tax advice. Partner Veronica M. Wissel is providing executive compensation advice. Partner Frank J. Azzopardi is providing intellectual property advice. Partner Howard Shelanski is providing antitrust and competition advice. Members of the Davis Polk team are based in the New York and Washington DC offices.