Shard Credit Partners exits investment in AI company

An Oxford-based geospatial AI company specialising in risk management for the water industry has been acquired, marking a successful exit for its majority shareholder.

Rezatec Ltd, founded in 2012, uses “groundbreaking” AI analytics, satellite imagery and environmental data to help clients manage water infrastructure, including pipelines, sewer networks, dams and reservoirs. The company’s cutting-edge platform primarily serves customers in the US.

The acquisition by an undisclosed buyer comes just a year after Shard Credit Partners invested in Rezatec. The transaction highlights the rapid growth and global potential of Rezatec’s unique technology, as well as the growing demand for AI-driven solutions in critical infrastructure management.

Alastair Brown, chief executive officer of Shard Credit Partners, said: “We are proud of the journey we’ve taken alongside the senior management team at Rezatec Ltd to get the business into a position for future growth.  

“They have developed groundbreaking technology, which has gained traction with the US water industry.  

“With the support of the buyer, which has a strong track record of driving growth in software businesses, Rezatec Ltd has real potential to extend its international reach.”

Shard Credit Partners was advised on the sale by Newcastle-based RG Corporate Finance, with a team led by partner Carl Swansbury, supported by director Jennifer Bassyouni, senior manager Connor McBride and corporate finance executive Euan Mulholland.

Carl added: “Rezatec Ltd is a great example of the innovative technology businesses that are being created in the UK and become of interest to global acquirers.  

“The finance and support provided by Shard Credit Partners has enabled the company to focus on the development and application of its highly specialist geospatial AI platform, which is contributing to risk management of the international water industry. 

“It was a pleasure to advise on the sale of Rezatec Ltd to the buyer and we look forward to seeing the business continue to go from strength to strength over the years to come.”

Legal support was provided by Gateley Legal and led corporate partners Andrew Cowan and Alison Davidson-Cox, with legal advice to the Rezatec Ltd management team provided by Osborne Clark, led by corporate partner Justin Starling and associate director Chris Benjamin. 

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