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New Deal


Announced

Completed

Hanover completed the acquisition of Hydro International £22m.

Financials

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Transaction Value£22m
Consideration TypeCash, Loan Notes
Capital Owned18%
Capital Bid For82%
EV/Sales0.7x
EV/EBITDA9.63x
Share Price Premium-
One Off Charge-

Sources

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Tags

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Completed

Friendly

Single Bidder

water management

Water

United Kingdom

Majority

Private Equity

Acquisition

Private

Synopsis

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Hanover Investors, a private equity firm, completed the acquisition of Hydro International, a provider of water management solutions, for £22m ($28m). "We have identified intrinsic value in Hydro which the business was unable to unlock whilst listed. We bring to Hydro a combination of strategic, operational and business expertise in a sector we understand well," Matthew Peacock, Hanover Founder and Managing Partner.

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