Ashurst represents leading pool equipment company Kokido on its sale to a European strategic investor

Global law firm Ashurst acted for the founder of Kokido Development Limited ("Kokido"), a leading pool and spa maintenance solutions provider, on the sale of Kokido to a European strategic investor.  The terms of the transaction were not disclosed.

Established in 1991, Kokido is a leading global designer and supplier of robotic pool cleaners, electric pool cleaners and other pool equipment and accessories. 

The acquirer is one of Europe’s leading water technology companies. It provides clients in private households, industries, commerce, hotels and municipalities with innovative, economic and ecological water treatment and technologies that ensure the highest standards of safety, hygiene and health in their daily contact with water. It offers modern treatment systems and services for drinking water, pharmaceutical and process water, water for heating, boilers and cooling, and water for air conditioning systems and swimming pools.

Lead partner Chin Yeoh commented, "We are pleased to have advised the founder of Kokido on its sale to a European strategic investor.  Despite the challenges arising from the Covid-19 pandemic, we were able to work seamlessly with all parties to ensure that this transaction was signed and completed smoothly.  We have a lot of experience helping founders and shareholders sell their businesses to new investors and we are delighted to have supported the founder of Kokido on this milestone transaction." 

The Ashurst team was led by partner Chin Yeoh, supported by partner Michael Sheng, lawyers Derek Wang, Valerie Tay, Roger Dong, Li Chen, Lloyd Meng and Do Yeon Kim.