FSI advised the shareholders of Waterflow on the sale of the company to The UK Drainage Network Limited

Thu, 03 Nov 2011

Finers Stephens Innocent LLP advised the shareholders of Waterflow, one of the UK’s leading providers of drainage, sewer, civil and asset management services, on the sale of the company to The UK Drainage Network Limited ("UKDN") in a deal funded by Lyceum Capital.

FSI’s team was led by Corporate Partner Paul Glassberg assisted by Corporate Solicitor Gillian White and supported by a cross departmental team drawing expertise from our tax, employment, real estate and IP departments.

Paul Glassberg commented: "We have worked with the company for some time now and were delighted to assist the shareholders in completing this transaction and guiding the company through to its next stage of development".

Philip Robertson, managing Director of Waterflow and one of the majority shareholders commented, "The senior management teams for both businesses see this as an exciting opportunity and fantastic news for our employees and customers." He went on to say "The entire FSI team were significantly instrumental in the transaction and provided us with the technical and commercial back up to complete the deal successfully".