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AquaVenture targets acquisitions as shares slip

After successfully closing on its first post-IPO acquisitions, water-as-a-service company AquaVenture has announced that it will use up to a third of the proceeds from a new $150 million four-year loan to fund additional transactions by the end of 2017.

In an earnings call this week, AquaVenture announced the purchase of Pure Water Innovations and Quench Water Canada...

Fluence secures funds ahead of potential US listing

Just months after RWL Water listed on the Australian Stock Exchange by merging with Emefcy, the decentralised water solutions provider – renamed Fluence Corporation – this week secured a further US$11 million of equity funding.

The lead investor is understood to be a large US institutional client with past investment experience in the water technology...

Mexichem boosts irrigation exposure with Netafim buy

Mexican pipe manufacturer Mexichem has diversified its footprint in the specialty applications sector by agreeing to acquire 80% of Israeli smart irrigation specialist Netafim.

The deal values the business at $1.895 billion – approximately 14.8x trailing twelve-month EBITDA – and will mark the exit of private equity house Permira, which has held a 61% stake...

European agencies mull huge Nile Delta clean-up plan

European banks are considering backing a wastewater management scheme in Egypt that could create a major new source of agricultural water for coastal areas.

The European Investment Bank and European Bank for Reconstruction and Development are considering backing the effort to clean up pollution in the Kitchener Drain discharge channel. The €441 million project will...

Balibago buy-in helps Aboitiz take on water giants

Another powerful Filipino family is staking a claim in the water industry. The Aboitiz family last week spent PHP275 million ($5.4 million) on an 11% stake in rural private water specialist Balibago Waterworks, and announced the consolidation of its existing water businesses under its infrastructure arm, Aboitiz InfraCapital (AIC).

Together with the Balibago stake, AIC...

$3bn CH2M buy to transform Jacobs’ water footprint

Engineering powerhouse Jacobs Engineering has agreed to acquire rival design firm CH2M for $3.27 billion, in a cash and stock transaction which will greatly expand the NYSE-listed firm’s exposure to the water sector.

With combined annual global design revenues of approximately $10 billion in 2016, the acquisition of employee-owned CH2M – expected to close in...