Houlihan Lokey Advises Castik Capital

Houlihan Lokey is pleased to announce that funds managed by Castik Capital S.à r.l. (Castik) have acquired WATR Group GmbH (WATR Group or the company), a market leader in groundwater management and (ground) water purification. Houlihan Lokey served as the exclusive financing advisor on the transaction. The transaction closed on 14 January 2025.

WATR Group has developed into a leading group of water management specialists in Germany and the Netherlands, encompassing dewatering and groundwater management services, mobile water purification, temporary pump installations, as well as related ground protection products. The business is one of the leading providers of dewatering services for infrastructure construction projects and is helping the industrial and construction sectors meet environmental and sustainability standards for water management and treatment.

WATR Group plans to continue pursuing an ambitious growth strategy focused on expanding its capacities and capabilities in its core business of dewatering and related water purification services, as well as in adjacent water treatment and management areas. The group plans to invest in its home markets of the Netherlands and Germany while also evaluating opportunities to grow into new geographies, both organically and through further strategic acquisitions.

Founded in 2014, Castik is a private equity firm focused on investing in high-quality and growing businesses headquartered in Europe and led by strong management teams and founders. Investments are made by the Luxembourg-based fund EPIC III, the third fund managed by Castik, which had its final fund close of €2 billion in September 2024.

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