Financial Institutions & Services Taylor Wessing, the international law firm, has advised Inflexion Private Equity Partners on the sale of Pims Group, the wastewater services company, to US buyer Xylem Inc, a leading global water technology company, for a headline price of $57m.
The transaction is the first instruction for the firm from new client Inflexion and follows Partner James Goold's recent arrival from Jones Day.
James, who led the transaction, commented:
"I am delighted to have completed this disposal for Inflexion so soon after my arrival at Taylor Wessing. Having acted for Inflexion on the original buy-out of the Pims Group, and subsequent acquisitions, it is very satisfying to see the investment through to a successful exit. I wish Pims all the best under its new ownership"
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