The deal

Private equity firm, Rubicon Partners, has made a majority investment in West Bromwich-based water treatment specialist, Jacopa, in a deal supported by our Debt Advisory team.

Jacopa supplies water and wastewater treatment products and maintenance services to water utility companies and Tier One contractors. Working from sites in West Bromwich, Newry, Ayesford, Saint Ives and Enniskillen, it serves a client base that includes all end-user municipal water companies in the UK and Ireland, including Severn Trent, Thames Water and Southern Water.

Our London-based team, led by Partner Tom Cox, Senior Manager Chad Price and Manager Byron Chadwick secured a leveraged acquisition finance package to fund its investment. Our team led the end-to-end process, managing negotiations with lenders and all commercial negotiations to secure a deal with preferred lending partner, Shawbrook Bank.

Rubicon Partners’ team will now apply its significant sector experience to support Jacopa’s management team in developing and growing the capabilities of the business, with an increasing focus on maintenance and hire services.

Tom Cox, Partner at FRP Corporate Finance, said: “The financing package we were able to secure from Shawbrook provides Rubicon Partners with a highly efficient capital structure, with requisite structural flexibility. With this backing in place, Rubicon is now set to work closely with Jacopa’s management team to unlock fresh growth, and we wish both the best for their journey ahead.”