XPV Water Partners backs MBO of Britain's Metasphere

Canadian water-focused growth equity firm XPV Water Partners last month backed a management buyout of Metasphere Ltd, a U.K. telemetry water systems business. Terms weren't released for the deal, which saw U.K. investment firm Kaye Enterprises sell its stake in the company. Based in Tadworth, Surrey, Metasphere's technology helps reduce the cost of telemetry ownership for customers seeking to monitor remote assets and systems. XPV Partner Khalil Maalouf said his firm will support Metasphere as it expands relationships with utilities and grows its offering.

CanadaNorth AmericaBriefs