Billi Group sold to Waterlogic's Aussie subsidiary
A global law firm has advised on the sale of a 100 per cent interest in the Billi Group's global operations to an Australian-based subsidiary of Waterlogic.
Firm: K&L Gates (Billi Group and GLGB Limited)
Deal: The shareholders of Billi Australia Pty Ltd and its UK counterpart GLGB Limited have been advised on the sale of a 100 per cent interest in the Billi Group's global operations to an Australian-based subsidiary of Waterlogic.
Key players: The K&L Gates legal team was led by M&A partner John Mann, with assistance from senior associates Stephen Clarke and Danielle Larkin and other members of the K&L Gates M&A team, as well as tax partner Betsy-Ann Howe, labour, employment and workplace safety partner Nick Ruskin and intellectual property partner Jonathan Feder.
The team was also able to draw upon advice from special counsel Richard Dollimore and lawyer Jamie Kershaw from K&L Gates' London office in respect to local regulatory requirements, a statement from the firm confirmed.
Deal significance: Waterlogic is a pre-eminent designer, manufacturer, distributor and service provider of purified drinking water dispensers. Meanwhile, Billi is a designer, manufacturer and distributor of instant filtered boiling, chilled and sparkling under-the-sink drinking water systems.
It was established in 1989 and currently has 140 employees across Australia and the UK.
"K&L Gates is pleased to have been given the opportunity to provide strategic advice and support to Billi on what was a challenging and highly complex transaction, which involved multiple stakeholders, complex transaction documents, multiple sellers and multiple buyers," said partner John Mann.
"We are proud of the highly collaborative approach taken by all advisors to deliver a successful result for the various parties involved.
"This outcome once again demonstrates the true potential of a fully financially integrated global law firm."
Pictured: K&L Gates partner John Mann.