Stevens & Bolton has advised family office investor Kaye Enterprises and the management team, led by CEO Neil Pendle, on the recent investment in Waterscan by private equity house Lloyds Development Capital (LDC), a subsidiary of Lloyds Banking Group. The transaction marks an exit for Kaye Enterprises and will support Waterscan’s organic growth strategy.
Based in Chichester and Rotherham, Waterscan is a tech-enabled and ESG-focused water management consultancy. It helps customers, including household names such as BT, Greene King, Sainsbury’s, John Lewis and Whitbread, to develop effective sustainable water management strategies that deliver business resilience and environmental leadership.
The Stevens & Bolton team was led by corporate partner Richard Baxter and included Keith Syson, Charlotte Lane and Millie Wakefield (all corporate), Helen Martin (banking), Sarah Cardew (corporate tax) Rebecca Berry (employment) and Julija Kazlauskaite (real estate). Richard Baxter commented: “It was a great pleasure to work with Chris Young at Kaye Enterprises and Neil Pendle and his management team on this strategic transaction. We wish Neil and his colleagues every success pursuing the next phase of Waterscan’s growth strategy with LDC’s backing, following many years of support from Kaye Enterprises.”
Neil Pendle, CEO of Waterscan, commented “It has been a pleasure working with Richard and the S&B team. Their expertise and patience were essential in guiding us through the transaction and delivering an outstanding deal for the company and management team”
Chris Young of Kaye Enterprises, commented “The S&B team once again demonstrated their breadth of expertise and professionalism throughout this transaction. Richard’s wise counsel and support has been invaluable to KE over the years and has helped us achieve a successful winding up of our portfolio”
Richard Baxter