LONDON – July 3, 2024 – TowerBrook Capital Partners L.P. (“TowerBrook”), the London and New York-based international investment firm, today announced a majority equity investment in AQUAchiara (“the Company”), a French provider of micro-filtered water dispenser solutions for hotels, restaurants, and corporate clients.
Founded in 2007 and headquartered in Paris, France, AQUAchiara provides micro-filtered water dispenser solutions for its clients. The company installs, rents, and maintains a diverse range of water dispensers, complemented by services such as CO2 recharge and co-branded bottles, offering fresh sparkling water. AQUAchiara’s mission is to refine locally sourced tap water into fresh, sparkling, high-quality water through advanced microfiltration technology. Committed to environmental sustainability, the company aims to eliminate plastic waste and reduce carbon footprint with a zero kilometre, zero plastic, and zero waste solution. AQUAchiara aims to offer an eco-friendly alternative, reducing reliance on bottled water and avoiding considerable CO2 emissions from production and transportation, thereby promoting responsible consumption and preserving natural resources.
AQUAchiara is the fourth investment, and the first in Continental Europe, for TowerBrook Delta, the firm’s dedicated impact strategy launched in 2023. In line with the firm’s longstanding TowerBrook Responsible OwnershipTM principles, TowerBrook Delta invests in businesses designed to generate a specific and measurable social or environmental impact, and to directly contribute to advancing the UN Sustainable Development Goals, while seeking to deliver market returns.
Nicolas Weyl, Founder of AQUAchiara -VH20 sas -, said “I am extremely proud of everything AQUAchiara has achieved over the past seventeen years and am looking forward to working alongside TowerBrook as we enter this next stage of growth. We are thrilled to be working with a partner that shares our passion for responsible business practices and supports our commitment to delivering quality products and services without compromising our sustainability goals”.
“We are delighted to partner with AQUAchiara’s founder, Nicolas Weyl, and its management team as they continue their efforts to build AQUAchiara into a sustainable water solutions provider, both organically and through strategic acquisitions” said Tom Redpath, Delta Europe lead at TowerBrook. “We look forward to supporting the company’s ambitious growth journey and the continued development of its business model, and are thrilled to be partnering with TowerBrook Senior Advisor, Laurence Paganini, joining as Chair, and Nicolas Potier, CEO of Bruneau, joining as a NED.”
