Hawkesbridge seeks Australian bottled water company exit
Hawkesbridge Capital is seeking a potential buyer for Noble Beverages, the Australian company behind the bottled water brand Pureau.The Sydney-based private equity firm made a succession play for the family-owned company back in 2004, acquiring a majority stake in a deal reported to be worth A$9 million (then $7 million).
Noble is the number three player in the Australian pure bottled water segment. The company claims its flagship brand Pureau, which was founded in 1987, is the only Australian water that is guaranteed to...
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