American investment firm entered De Nora’s capital

Courtesy of De Nora

Courtesy of De Nora

American asset management giant the Blackstone Group has invested into Italian water technology company, De Nora, using the funds managed by Blackstone Tactical Opportunities. The value of the transaction has not been disclosed, closing is expected in a few months.
De Nora was advised on the transaction by Lazard, while Blackstone had the support of Mediobanca and Deutsche Bank. The Blackstone Group was also linked to the sale of GE’s water group earlier this year, before SUEZ was confirmed as the buyer.
De Nora operates two principal divisions: electrode technologies and water technologies.
It was in July 2015 when De Nora made headlines in the global water market with the acquisition of Severn Trent Services.