Travers Smith LLP has advised the PHS Group on the sale of its Waterlogic and Watercompany businesses in the UK, Ireland and the Netherlands to Angel Springs, for an undisclosed amount.
The PHS Group is a leading provider of workplace services and Angel Springs is a leading bottled and point-of-use water business. The sale of the Waterlogic and Watercompany businesses includes the sale of PHS's water dispenser, water cooler and point-of-use business as well as its bottled water business, Watering Well.
The Travers Smith team was led by corporate partner Lucie Cawood, who was assisted by tax partner Kathleen Russ, senior associates Will Young, Louisa Chambers and Silvana Van der Velde and finance partner, Donald Lowe.
Angel Springs was advised by White & Case