C.W. Downer & Co. Assists Greenstar Limited with Acquisition of Veolia Environmental Services
Boston, June 16, 2010 - C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that Greenstar Limited of Ireland has acquired the non-hazardous commercial waste and recycling operations of Veolia Environmental Services Limited from Veolia Environnement SA of France. The acquisition, which was agreed to in October 2009 and subject to Competition Authority approval, closed on April 1, 2010. The transaction value was not disclosed.
Greenstar, a subsidiary of the NTR Group, is Ireland’s leading provider of environmental, waste management and recycling solutions. Greenstar CEO Neil Parkinson said in a company statement, “This acquisition enables Greenstar to bring increased efficiency to its operations, drive better and innovative recycling and further improve the price and product offering to its customers.”
“We were very pleased to have used our resources in Paris and Dublin to complete this transaction, and are proud to have represented Greenstar, the Irish leader in this sector,” said Philip Smith, Managing Director at C.W. Downer & Co.
The sale of Veolia Environmental Services is part of an ongoing asset disposal plan first announced by Veolia Environnement in 2009. Veolia will continue to operate a hazardous waste business in Ireland.
The C.W. Downer & Co. global transaction team responsible for the Greenstar acquisition included Ashley E. Rountree (Managing Director & Partner) and Philip Smith.
About C.W. Downer & Co.
C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with more than 30 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With offices in six countries and on four continents, we consistently identify the most appropriate strategic buyer and uncover “hidden” acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.
For Further Information:
Philip Smith, Managing Director
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Patti Allan, Marketing Director
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C.W. Downer & Co.
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