Marubeni Corporation, a listed Japanese global trading firm, has acquired a 40 per cent stake in Osmoflo, Australia's leading locally owned desalination company.
Osmoflo, advised by Thomsons Lawyers, has experienced phenomenal growth and has built more than half of the desalination plants in use in Australia today. It operates around 130 of the 300-plus plants it has supplied.
The Thomsons Lawyers' team was led by partner Loretta Reynolds and senior associate Carissa Hillyard.
"We were very pleased to assist Osmoflo in this transaction. The investment by Marubeni will substantially benefit Osmoflo and will give them a global edge to their growth strategy," said Reynolds.
Marubeni, advised by Kelly & Co's Steve Bonett and Kate McKeough, has global interests in oil, gas, mining, power and numerous other activities and will position Osmoflo as its strategic partner for desalination and industrial water treatment projects internationally as well as in Australia.