October 2024 - Rubicon Partners

Rubicon Partners (“Rubicon”) is pleased to announce the majority acquisition of of Jacopa Limited (“Jacopa”), a prominent supplier of water and wastewater treatment products and solutions in the UK and Ireland. This strategic acquisition aligns with Rubicon’s focus on investing in established industrial businesses and supporting their long-term growth. This is the ninth investment made by Rubicon through its Rubicon Partners Fund V SCSp.

Headquartered in West Bromwich, Jacopa design, supply, install, maintain, hire and service a range of wastewater and water treatment equipment for customers. Jacopa is a key supplier to all the end-user Municipal water companies in the UK and Ireland.

Alex Lloyd (Managing Director) and Pete Sargent (Finance Director) formed Jacopa in 2015, carving the UK and Irish municipal wastewater and water division out of Ovivo Inc.

Alex and Pete will remain as shareholders in the business in their existing executive capacities, and Rubicon will work with Alex and the management team in a close partnership to develop and grow the capabilities of the business further.

Rubicon was advised by OC&C (Commercial), KPMG (Financial), PwC (Tax), AON (Insurance), Proskauer Rose (Legal), Waterman Group (ESG), FRP (Debt) and Crosslake (Technology). Debt facilities were provided by Shawbrook Bank.

Rubicon Partners (“Rubicon”) is pleased to announce that it has acquired Plastic Recycling Limited (“Centriforce”) from its exiting shareholders. This is the eighth investment made by Rubicon through its Rubicon Partners Fund V SCSp.

Headquartered in Liverpool, UK, Centriforce is Europe’s leading manufacturer of damage prevention products for the Utility, Agricultural, Building and Landscaping markets. Centriforce manufactures its core products from 100% recycled plastic, providing a high quality, circular economy solution for regulated end-markets. Centriforce is best known for its range of industry leading products, including Stokbord ®Utility Protection, Tapetile® and Locata®.

As a result of Rubicon’s investment, Jonathan Pearce will step up from his role as Sales Director to CEO and, together with other members of his management team, in partnership with Rubicon, will drive the international growth of Centriforce. Jonathan and his team will become shareholders in the business.

Rubicon Partners was advised by PwC (Financial and Tax), Proskauer Rose (Legal), CIL (Commercial), Clearwater International (Debt), AON (Insurance and Cyber) and Waterman Group (ESG and Health and Safety). Investec Direct Lending acted as Sole Lender to provide Senior Debt facilities to support Rubicon’s investment into Centriforce.

Month: October 2024

Rubicon Partners Acquires Jacopa Limited

Rubicon Partners Acquires Centriforce

Rubicon Partners (“Rubicon”) is pleased to announce that it has acquired Plastic Recycling Limited (“Centriforce”) from its exiting shareholders. This is the eighth investment made by Rubicon through its Rubicon Partners Fund V SCSp.