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08 Oct 2026

A&O Shearman Advises Quaero Capital on EUR240 Million Refinancing of Water Platform

"A&O Shearman advised Quaero Capital on a EUR240 million refinancing of its water investment platform operating mainly in Spain and France. The platform includes Aqlara and Forafrance; the transaction refinances existing assets and provides additional capacity for external growth and portfolio development."

A&O Shearman advised Quaero Capital on the EUR240 million refinancing of its investment platform dedicated to the water sector. The transaction refinances existing assets and provides the platform with additional financing capacity to pursue an external growth strategy and support the development of its portfolio companies. The platform operates primarily in Spain and France and brings together companies specialising in drinking water distribution, municipal wastewater treatment and services for industrial customers. Its portfolio includes Aqlara, a provider of water management services to municipalities in Spain, and Forafrance, a specialist in water-related industrial services in France. A&O Shearman represented Quaero Capital with a team composed by: Driss Bererhi, Partner (Paris); Dorian Le, Senior Associate (Paris); Anas Benmalek, Senior Associate (Paris); Mathieu Vignon, Partner (Paris); Virginie Chatté, Senior Associate (Paris); Vanessa Cuellas, Partner (Madrid); Núria Ferré, Senior Associate (Madrid); Natalia Ojeda, Associate (Madrid); Pierre Schleimer, Partner (Luxembourg); Philippe Storck, Senior Associate (Luxembourg).
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