Mubadala, BDT Capital complete acquisition of Culligan

Mubadala, BDT Capital complete acquisition of Culligan

BDT Capital Partners (BDT), Mubadala Investment Company and its asset management subsidiary, Mubadala Capital, said they have completed the acquisition of Culligan International, a  global water treatment company.





BDT Capital Partners, affiliated with BDT & Co., LLC, a merchant bank that provides closely held businesses with long-term, differentiated capital, along with strategic co-investing families and institutions, acquired a majority interest in Culligan from Advent International and Centerbridge Partners in a transaction that was first announced in May 2021, reported Emirates News Agency WAM.





Mubadala provided a significant capital commitment as an anchor partner in the transaction. Advent will also retain a minority stake in Culligan going forward. Financial terms of the transaction were not disclosed.





"We are pleased to announce the closing of the acquisition of Culligan, a leader in the consumer water treatment and sustainable water solutions market led by CEO Scott Clawson and an exceptional management team," said San Orr, President of BDT Capital Partners.





"We are also pleased to have Mubadala invest alongside us in this transaction given their global presence, long-term capital and our deep relationship with them since the founding of BDT."





Adib Mattar, Head of Private Equity at Mubadala Capital, added: "We have built our Private Equity business around