Themes Investment Partners Exits Standard Water for US$218 Million (Asia)

Source: Private Equity International  |  Author(s): Drew Wilson

China-focused private equity firm Themes Investment Partners has completed the sale of China-based Standard Water, a developer of sewage and wastewater treatment systems with 36 plants around China, to Hong Kong-listed water systems provider Beijing Enterprise Water Group (BEWG) for about US$218 million. Themes, which owned close to a 70 percent stake in the company, received both cash and shares in BEWG as part of the sale.