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澳门六合彩资料 advise environmental giant Suez on its 拢2bn international acquisition of former waste management business

澳门六合彩资料鈥檚 lawyers have advised Suez SA and its shareholders on its acquisition of its former UK waste management business 鈥 Suez R&R UK - from French headquartered business Veolia for an enterprise value of 拢2 billion.

11 October 2022

澳门六合彩资料鈥檚 lawyers have advised Suez SA and its shareholders on its acquisition of its former UK waste management business 鈥 Suez R&R UK - from French headquartered business Veolia for an enterprise value of 拢2 billion.

Suez R&R UK is one of the largest recycling and recovery companies in the UK with a portfolio of more than 25,000 industrial and municipal customers, employing over 6,000 people and generating turnover in excess of 拢900 million. It specialises in delivering innovative and environmentally responsible solutions to manage waste and water to its broad customer base comprising, households, local authorities, and industry and commerce.

The deal which is still subject to required regulatory approvals will strengthen Suez鈥檚 waste management strategic plans including broadening its UK and international offering and expanding its global operation.

The large multi-disciplined 澳门六合彩资料 advisory team, which gave advice on the diligence aspects of the transaction, was led by partner Paul Hill, who leads the firm鈥檚 Energy & Infrastructure practice with assistance from senior associates Kirk Glenn and Clare Hanna.

Paul Hill said of the transaction: 鈥淚t has been a pleasure to support our client Suez in this significant transaction to re-purchase its former waste management operation in the UK.

鈥淎s it did before, the UK operation will thrive in the wider Suez group and the acquisition represents a major step in implementing the Group鈥檚 strategy and furthering its international growth ambitions.

鈥淭he transaction highlights our team鈥檚 strength and experience in the waste sector and advising on highly complex, multi-layered international deals which require real collaboration both internally and externally in order to efficiently deliver the best outcome to our client.

鈥淚t also puts a spotlight on our fast-growing credentials in the energy & infrastructure space and showcases our skills in building successful relationships with some of the leading UK and international businesses that are striving for meaningful change around the net zero agenda.鈥

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