Browne Jacobson advise environmental giant Suez on its £2bn international acquisition of former waste management business
Browne Jacobson’s lawyers have advised Suez SA and its shareholders on its acquisition of its former UK waste management business – Suez R&R UK - from French headquartered business Veolia for an enterprise value of £2 billion.
Browne Jacobson’s lawyers have advised Suez SA and its shareholders on its acquisition of its former UK waste management business – Suez R&R UK - from French headquartered business Veolia for an enterprise value of £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 £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’s waste management strategic plans including broadening its UK and international offering and expanding its global operation.
The large multi-disciplined Browne Jacobson advisory team, which gave advice on the diligence aspects of the transaction, was led by partner Paul Hill, who leads the firm’s Energy & Infrastructure practice with assistance from senior associates Kirk Glenn and Clare Hanna.
Paul Hill said of the transaction: “It has been a pleasure to support our client Suez in this significant transaction to re-purchase its former waste management operation in the UK.
“As it did before, the UK operation will thrive in the wider Suez group and the acquisition represents a major step in implementing the Group’s strategy and furthering its international growth ambitions.
“The transaction highlights our team’s 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.
“It 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.”
You may be interested in...
In Person Event
Ascensus and O Shaped workshop: Ethics in the spotlight
Legal Update
A new code of conduct, how this might be useful for local authority companies
Legal Update
What’s in a name: ESG principles and UK local authorities
Legal Update
Right to work update: eVisas
Legal Update
Technology trends in the food and drink sector: Consumer targeting technologies
Press Release - Firm news
Browne Jacobson wins hattrick of awards at East Midlands Rainmakers Awards
Legal Update
A new digital era: Coimisiún na Meán publishes Online Safety Code
Legal Update
e-Evidence Package: Increased obligations on service providers to cooperate with data requests from law enforcement authorities
Press Release
Browne Jacobson advises retail giant The Range on its acquisition of Homebase
Legal Update
Building an inclusive workplace: strategies for attracting and retaining disabled talent
Press Release
Browne Jacobson advises leading technology-driven compliance specialist on its continued market consolidation with two further acquisitions
Press Release
Browne Jacobson advises The Jordon Group on transformative merger
Press Release
Browne Jacobson advises Clean Power Hydrogen on global IP licence agreement
Legal Update
Reform of Gambling Regulation in Ireland
Legal Update
Ascensus newsletter: November 2024
Press Release
Browne Jacobson advises UK’s leading fire protection specialist on key acquisition
Press Release
Browne Jacobson advises IT solutions specialist on sale to Goldman Sachs-backed international digital transformation provider
Press Release
Browne Jacobson advises investor on the buyout of a national law firm
Legal Update
The EU Cyber Resilience Act (CRA)
Legal Update
Breaking the glass ceiling: Empowering female leadership in the food and drink sector
Press Release
Browne Jacobson advises the world’s largest baby and toddler swim school on international acquisition
Legal Update
CJEU confirms that copyright law is the same for all claimants
Press Release
Browne Jacobson advises coffee roaster 200 Degrees on acquisition by the Caffè Nero Group
Press Release - Firm news
Browne Jacobson’s private sector lawyers' reaction to the Autumn Budget 2024
Press Release
Browne Jacobson continues expansion in Ireland adding real estate and construction practices
Press Release
Browne Jacobson advises fire suppression manufacturer DAS Fire on its acquisition by Alpine Fire
Press Release
Browne Jacobson advises UK climbing operator on sale to Belgian investment firm
Legal Update
Organisational approaches to ESG and sustainability matters
Press Release
Browne Jacobson and CBI roundtable explores how to finance public infrastructure post-PFI
Legal Update
Navigating the waters of compliance: Understanding the Trade, Aircraft, and Shipping Sanctions (Civil Enforcement) Regulations 2024
Legal Update
Is Companies House turning the tide against facilitators of fraud?
Press Release
Comments on the publication of Universities UK’s (UUK) report
Press Release
Browne Jacobson advises global digital transformation services provider on PE investment and acquisition of US and Hungary-based commerce consultancy
Legal Update
The future of food waste management in the UK: A guide for businesses
Legal Update
Navigating new advertising restrictions on junk food
Legal Update
Barking up the right tree: UK is European first to allow cultured ‘meat’ for pets
Legal Update
Impending reform of defamation law in Ireland: The Defamation (Amendment) Bill 2024
Legal Update
Labour's recipe for reform: The future of food and drink regulation in the UK
Press Release
Leading the conversation on DEI in the food & drink industry: celebrating the contribution of women
