LDC, the private equity investor which is part of Lloyds Banking Group, has invested £12m in Waterscan, a tech-enabled and ESG-focused water management consultancy, to support its organic growth strategy.
Founded in 1994, Waterscan helps customers to develop effective sustainable water management strategies that deliver business resilience and environmental leadership. It employs more than 60 people at its sites in Chichester and Rotherham and advises a UK-wide customer base of blue-chip companies, including household names such as BT, Greene King, Sainsbury’s, and John Lewis.
Waterscan’s proprietary technology platform, Waterline, provides real-time data and insights on water management that enable customers to save water, reduce cost and make informed strategic decisions. This is supplemented by Waterscan’s end-to-end water solutions approach, including the ability to facilitate adoption of the self-supply model, which provides businesses with complete control of their water by enabling them to deal directly with water wholesalers and Ofwat. Waterscan has helped make collective savings of more than £38m for customers since market opening in 2017.
PMSI provided CDD to support the transaction, addressing key investment themes including: a detailed overview of the water retailer market; the long-term impact of ESG and net zero targets on water management strategies; Waterscan’s competitive positioning; and an in-depth customer feedback exercise.
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