Macdonald Henderson acts for Cobalt Water shareholders

Cobalt’s management and staff will transfer to Castle Water. Cobalt Water will continue to operate as part of Castle Water, focusing on customers in Scotland.

Cobalt Water Managing Director, Andrew Robertson, said: “Cobalt Water has grown successfully for the past 4 years based on providing excellent value and customer service.

We believe that, following the opening of the English market, customers will benefit from being part of a larger group, which also has the independence necessary to provide the best value.”

Mr Robertson further commented: “Macdonald Henderson was introduced to the deal just as key commercial points were being agreed.

Immediately the team (led by David Beveridge, Laura Forrest (both corporate) and Ian Anderson (property) committed themselves to the process and worked with the buyer’s advisors (Addleshaws Goddard) to close the deal within an ambitious timeframe.

In partnership with our accountancy and tax advisors Johnston Carmichael, Macdonald Henderson made it a priority to understand the workings of our business and deliver the deal, which represents a great outcome for the shareholders, employees and customers of Cobalt.”

We are pleased to have worked with the Cobalt management team in the successful sale of the Company, and congratulate all parties in achieving this significant business milestone.