Deloitte Legal assists De Watergroep and Azulatis with the equity investments by Farys and TINC

Taking on your challenges

14 May 2024

Deloitte Legal is proud to have advised De Watergroep and Azulatis on the equity investments by public water corporation Farys and listed infrastructure fund TINC, which will see them joining De Watergroep as shareholders of Azulatis. Following this transaction, the parties will each hold a 1/3rd equity stake in Azulatis, forming a solid partnership with a view to supporting Azulatis in its further growth in the long term. The completion of the transaction is subject to approval by the Belgian Competition Authority.

Azulatis is the market leader in Flanders for the implementation (design, construction, financing and maintenance) of tailor-made water projects under the form of a Water-as-a-Service (WaaS) model. Companies with high water consumption often do not see water management as their primary task. They therefore turn to water specialists to unburden them and optimise their water management, for instance through wastewater reuse. Today, Azulatis serves some 50 customers in various sectors such as food, chemicals, agriculture, retail and logistics, healthcare and industrial production.

More information on the transaction can be found in the press release.

Deloitte Legal fielded a multidisciplinary team composed of Corporate M&A, Competition and specialist lawyers under the overall lead of Marc Van tieghem. The Corporate M&A team was further composed of Hans Vansweevelt, Matthijs Troch and Dries Remeysen, with Richard Steppe and Elise Verdingh leading the efforts in the Competition law team. Deloitte Legal worked in close collaboration with Deloitte’s Financial Advisory team consisting of Kevin Defour and Charles Defauw.

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