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.”

News Centre

Recent News

Support on the sale of Amazilia Aerospace to Textron

Quercus International, led by Michael Mortimor, has supported Hauck Aufhäuser Lampe, a fellow member of the Terra Alliance, on the sale of Amazilia Aerospace GMBH (“Amazilia” or the “Company”) to Textron Inc (“Textron”). Hauck Aufhäuser Lampe served as the exclusive financial adviser to Amazilia’s shareholders, whilst Quercus International provided sector input throughout the transaction, and closely […]

NVM invests in MRO+ Solutions Group

A Quercus International team, led by Michael Mortimor, has provided sector-led buy-side support to NVM on their investment to support the management buyout of MRO+ Solutions Group. MRO Solutions is a highly technical, value-added distributor of critical products to a range of process and manufacturing industries.  The Group operates nationally through its wholly owned subsidiaries, […]

Literacy Capital invests in Live Business

A Quercus International team, led by Michael Mortimor and Andrew Clegg, has advised the shareholders of Live Business Limited (“Live Business” or the “Company”) on an investment in the business by Literacy Capital plc (“Literacy Capital”), giving it a significant minority stake. Since its establishment by Mark Dixon and Dan Lock, Live Business has evolved […]

1 2 3 32