BDO advises Circularity Capital on €30m Series-B funding round in water filtration start-up CERAFILT

A transaction advisory team from BDO led by Matthias Meyer (Corporate Finance/M&A) together with Martin Studier (Corporate Finance/Transaction Services) and Michael Brauer (Transaction Tax) advised Circularity Capital, the world’s largest specialist circular economy private equity fund, on the acquisition of an undisclosed stake in CERAFILTEC, as part of a €30m growth capital investment round.

Circularity Capital has continued to build its portfolio of European growth-stage businesses accelerating the circular economy, by leading a €30 million growth capital round in CERAFILTEC, with participation from institutional and private co-investors.

Founded in 2016 and headquartered in Saarbruecken, Germany, CERAFILTEC Germany GmbH Blue Filtration designs and manufactures ceramic ultrafiltration membrane solutions for the global water industry. With more than 110 project references in 35 countries worldwide, the company’s technology is used for the treatment of drinking water, as well as wastewater for re-use, desalination and industrial applications.

The capital investment will see Circularity Capital play an active role in supporting the company, leveraging its specialist expertise and insight into the circular economy to support ongoing growth and internationalisation. Ian Nolan, co-founding partner at Circularity Capital, commented: “This investment is consistent with our approach to backing companies whose circular business model drives a long-term sustainable competitive advantage. We’re excited to be leveraging our circular domain expertise to support the company’s ambitious growth strategy and help to reaffirm its position as a sector leader.“

BDO’s corporate finance team with specialists from Corporate Finance/M&A and Transaction Tax acted as financial advisor to Circularity Capital on this transaction including financial due diligence, tax due diligence and transaction tax advice.

Deanna Zhang from Circularity Capital on working together with BDO: “BDO has advised us on multiple investments in 2022 and we very much appreciate their collaborative work ethic and experienced team of professionals. Their thorough, yet pragmatic approach paired with commercial insights enables to execute investment opportunities successfully.”

BDO’s own Matthias Meyer says: “We are very happy to have been able to work with Circularity Capital on this transaction. At BDO, we believe in sustainability and thus, supporting our client on investments in the circular economy, was especially rewarding for us.”

BDO advisor team:

Matthias Meyer (Corporate Finance/M&A, Munich)

Martin Studier (Financial Due Diligence, Hamburg)

Nassim Saleh (Financial Due Diligence, Hamburg)

Dr. Michael Brauer (Tax Due Diligence and Tax Structuring, Düsseldorf)

Christian Richter (Tax Due Diligence and Tax Structuring, Düsseldorf)

Viktor Trpkovski (Tax Due Diligence and Tax Structuring, Düsseldorf)