Altenburg Advisory (“Altenburg”) is delighted to have advised Water Direct Ltd (“Water Direct”) in arranging an eight-figure Unitranche facility from Shawbrook Bank to restructure existing facilities and to support a strategic bolt-on acquisition alongside a capex facility to support further growth


Commenting on the new debt facilities, Adam Johnson, CEO of Water Direct said: “We are delighted to complete this milestone transaction which enables the business to achieve further scale and accelerate growth. We tasked Altenburg with supporting us through the debt raise and are very grateful for their contribution. Their expertise in structuring and negotiating optimal terms in addition to navigating the credit process ensured we achieved our funding objectives within a relatively short timeline.”

Adam Agius, Director at Altenburg Advisory, said: “It has been a privilege to work with the team at Water Direct. The business continues to go from strength-to-strength following a period of impressive growth and I’m excited to see how the journey progresses. We were delighted to be asked to advise the company on the debt raising process. As an experienced team with diverse backgrounds across advisory and lending institutions we believe our ability to advise on and raise finance in this segment of the market is highly differentiated.”


About Water Direct Ltd

Water Direct Ltd, founded in 1996, is a trusted provider of alternative water supply services to wholesale water utilities and corporates. The Essex-based business works with the majority of water utility companies throughout the UK and provides solutions to corporates nationwide across a range of sectors. The company delivers its services through the UK’s largest dedicated fleet of water tankers and strategic national storage locations via its unique Nationwide Bottled Water Bank™.
Ethos Partners invested alongside CEO Adam Johnson in the original buyout of the business in 2022.


About Altenburg Advisory LLP

Altenburg Advisory (“Altenburg”) is a specialist debt advisory firm that works with established businesses seeking debt financing to help them achieve their strategic objectives. Altenburg advises on structuring and arranging bespoke financing solutions, with a focus on leverage finance, speciality finance, and real estate funding.