Further deal success for Quercus in the waste management sector

April 10, 2018
Neil Giles

The Quercus team, led by Mark Whelan, advised Renewi UK Service Ltd, the UK division of LSE-listed international waste-to-product group, Renewi plc, on the sale of the Westcott Park facility to Olleco, one of the UK’s largest collectors and processors of food waste and waste cooking oils.

Financial details have not been disclosed.

The Westcott Park AD facility, located near Aylesbury in Buckinghamshire, is one of the most modern in the UK, and is capable of processing up to 48,000 tonnes of food waste per annum and turning that into electricity which is then sold into the National Grid, with the solid residual material used as a bio fertilizer in agriculture. The facility receives both pre-and post-consumer food waste from local authorities and commercial customers.

The facility was considered to be a non-core part of Renewi UK Service Ltd's business, which is primarily focused on large municipal waste processing and recycling contracts. Quercus therefore undertook a focussed sale process for Renewi, identifying Olleco as a counterparty with the right credentials to ensure a seamless takeover of the facility from the perspective of customers, suppliers and employees.

Mark Whelan, Quercus Partner said:

“We are delighted to have advised Renewi on the sale of the Westcott Park facility, and having worked with the Renewi team on other transactions in the past, it is great to have found the right future owner for the facility in Olleco, where the facility complements their existing operations well."

Neil Miles, Renewi UK Finance Director added:

"The Quercus team provided the right level of hands on advice and expertise, combined with excellent industry relationships and contacts.  The project ran smoothly and delivered against tight timescales - overall a great outcome.”

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