Culligan looks for outsized growth under new owners

摘要

Culligan International wants to leverage the global reach of its new owner BDT Capital Partners to accelerate sales of its consumer-focused point-of-use solutions into Asia and Latin America. Last month, the company's private equity owners Advent International and Centerbridge Partners agreed to sell Culligan to a consortium of investors led by BDT in a pre-emptive deal believed to be worth around $6 billion. Co-investors are understood to include prominent European family offices, as well as sovereign wealth funds such as Mubadala (Abu Dhabi) and GIC (Singapore). "One of the reasons we partnered with BDT is they will help us expand in places like Europe, Latin America, and Asia," explained Culligan's CEO Scott Clawson. "Our plans are to continue to grow organically in these markets, and also to expand through M&A, but we haven't yet found the right acquisition to create a beachhead in Asia," he told GWI this month.