Greentech Advises


Greentech Advises Morgan Stanley Infrastructure Partners on its Acquisition of Seven Seas Water
March 31, 2020

Greentech Capital Advisors is pleased to announce the following transaction:
Financial advisor on its acquisition of

UndisclosedMarch 2020

*

CLIENT OVERVIEW

Morgan Stanley Infrastructure Partners (“MSIP”) is a leading global infrastructure investment platform. The team has a proven and disciplined approach to investing in infrastructure assets globally. MSIP recently completed a $5.5 billion raise for North Haven Infrastructure Partners III, its third global infrastructure fund.

* Mandated through Nomura Greentech Capital Advisors, LLC (formerly known as Greentech Capital Advisors Securities, LLC)

TRANSACTION OVERVIEW

  • On March 30th, 2020, Seven Seas Water, a provider of Water-as-a-Service solutions and former operating segment of AquaVenture Holdings Limited (NYSE:WAAS), announced that it had been acquired by funds managed by MSIP
  • On December 23rd, 2019, Culligan, a portfolio company of Advent International, announced the acquisition of AquaVenture in an all-cash transaction valued at approximately $1.1 billion. Culligan subsequently divested Seven Seas Water to MSIP
  • Seven Seas Water owns and/or operates SWRO (seawater reverse osmosis) water treatment facilities in the Caribbean and South America, which together provide more than 8.5 billion gallons of pure water per year to governmental, municipal, industrial and hospitality customers
  • Seven Seas Water’s wastewater treatment and reuse solutions include scalable modular treatment plants, field-erected treatment plants and temporary bypass plants that are used by customers to treat and convert wastewater into effluent or reclaimed water prior to being released back into the environment

The transaction press release can be found at:

Press Release

Greentech Capital Advisors acted as financial advisor to Morgan Stanley Infrastructure Partners. The transaction further strengthens Greentech’s leading advisory position in the Water sector.

Olaf N. Krohg, CEO of Seven Seas Water, commented: “We are excited to announce that Seven Seas Water is now partnered with a strong infrastructure investor that recognizes the value of our services and solutions through our water treatment operations and our wastewater treatment and reuse assets. Under this new ownership, Seven Seas Water will be backed by a partner that shares our ambitious growth strategy and supports our continued focus on providing world-class service and operating expertise for our customers.”

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For additional information about this transaction, please contact:

Duncan Williams
Partner, San Francisco
+1 (415) 697 1560
duncan@localhost

Stephen Megyery
Partner, New York
+1 (212) 946 3949
steve@localhost

On April 1, 2020, Nomura Holding America Inc. acquired Greentech Capital Advisors Securities, LLC, a broker-dealer registered with the U.S. Securities and Exchange Commission (“SEC”) and a member of the Financial Industry Regulatory authority (“FINRA”), and renamed it Nomura Greentech Capital Advisors, LLC (“NGCA LLC”). Clients who engaged with Greentech Capital Advisors Securities, LLC prior to April 1, 2020 will remain clients of NGCA LLC, unless otherwise notified. Otherwise, all activities of Nomura Greentech in the U.S. are conducted by Nomura Securities International, Inc. (“NSI”), a broker-dealer registered with the SEC and a member of FINRA. All services of Nomura Greentech conducted outside of the U.S. will continue to be provided by Greentech Capital Advisors, AG, located in Switzerland and renamed Nomura Greentech Capital Advisors, AG (“NCGA AG”). NGCA AG does not provide services that require it to be licensed as a broker-dealer in Switzerland and is not so licensed. As of April 1, 2020, NSI, NGCA LLC, and NGCA AG are affiliates under common control. The greentechcapital.com web domain provides information about NGCA LLC, NSI and NGCA AG.

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