European Guarantee Services Backs $45M Cavitation Tech Buy

Cavitation Technologies, Inc. has confirmed it received documentary proof of funds from European Guarantee Services S.à.r.l. in connection with a proposed all-cash acquisition. The LOI contemplates EGS acquiring 100% of Cavitation Technologies’ issued and outstanding shares and affiliates at a valuation of approximately $40–$42 million.

The proof of funds demonstrates $45 million of available capital, fully covering the proposed transaction value. Cavitation Technologies says the next steps include obtaining a fairness opinion and pursuing required shareholder and regulatory approvals, with management traveling to Switzerland April 13–18 to meet EGS.