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Och-Ziff Capital Management Group is investing €61 million for a 28% share of Eden Springs’ European home and office delivery venture, Springs of Eden. The deal represents a company value of €218 million, which is 145% higher than Eden’s value on the stock exchange.

Responsible for distributing 5 gallon (19 litres) bottles across Europe, Springs of Eden will be issuing new shares at a value of 20% of its share capital, while Och-Ziff will buy a further 8% of the company from Eden Springs. The private equity firm, which manages assets of over $30 billion, is also believed to have loaned Eden Springs €20 million.

The agreement comes after Eden Springs’ announcement last year to buy out partner Groupe Danone’s 58% share in their joint venture, Danone Springs of Eden.