Ropes & Gray Advises on Sale of Cathelco to Evac
Ropes & Gray has advised the founders of Cathelco, a UK-based global manufacturer of equipment for ships and offshore installations, on its sale to Evac, the world’s leading provider of integrated waste, wastewater and water management systems for the marine, offshore, and building industries. The financial terms of the deal have not been disclosed.
The acquisition gives Evac the opportunity to further expand its cleantech solution portfolio to its customers with the addition of new systems, while also opening up new business opportunities in terms of ballast water treatment systems. It will extend Evac’s offering in three main areas: pipework anti-fouling systems, which prevent the build-up of bio-fouling in pipework and also suppress corrosion; hull corrosion protection systems, which prevent hull corrosion and therefore reduce vessel fuel consumption; and ballast water treatment systems, which remove organisms and pathogens from ballast water using UV and filtration technologies.
The Ropes & Gray team was led by private equity partner Helen Croke, supported by private equity associate Nick Matthew and tax associate Chris Agnoli, all based in London.