Quercus advises on South Africa’s largest waste management transaction

June 10, 2022
Andrew Clegg

UK advisory firm, Quercus Corporate Finance has jointly advised the board of EnviroServ, South Africa’s largest waste management company on the signing of a binding agreement to be acquired by a consortium led by Suez.

The acquisition, which is subject to South African competition authorities’ approval, will enable the Suez led consortium to become a leading waste management player in South Africa.

EnviroServ is headquartered near Johannesburg, with regional facilities across South Africa. It is also active in Mozambique and Uganda. It was founded in 1979, and collects, treats, and disposes of general and hazardous waste, with treatment and disposal facilities across South Africa, Mozambique, and Uganda. It has a staff of 2,200 people and a turnover of nearly £70 million and is the only player in South Africa with full national coverage and a complete service offering. EnviroServ has an extensive customer base across a range of sectors including petrochemicals, manufacturing, metallurgical and mining sectors, as well as serving local authorities.

The acquisition will be made through a special purpose holding company, owned Suez 51%, RBH 24.5% and AIIM’s IDEAS Managed Fund 24.5%.

Mark Whelan, partner at Quercus, commented:

“We have been delighted to work with our co-advisors, Rand Merchant Bank, on this landmark transaction in the South African waste market. EnviroServ is a great company with well managed facilities and will provide the Suez led consortium with a sound entry into the waste market in South Africa and surrounding countries and its extensive experience and knowledge will help EnviroServ to further develop sustainable waste management solutions for its customers.”


News Centre

Recent News

Quercus advises on South Africa’s largest waste management transaction

UK advisory firm, Quercus Corporate Finance has jointly advised the board of EnviroServ, South Africa’s largest waste management company on the signing of a binding agreement to be acquired by a consortium led by Suez. The acquisition, which is subject to South African competition authorities’ approval, will enable the Suez led consortium to become a leading […]

Moving Forward into 2022 - Part 4

This week we are delighted to share from our forthcoming publication ‘Moving Forward’ an interview with Keith Errey. Keith is the Co-Founder and CEO of Isansys Lifecare and in this article he discusses how Isansys’ Patient Status Engine technology is a “win / win” for hospitals on a global basis. https://indd.adobe.com/view/034ad871-85c9-4e9d-afba-59f6895d09ed

Record-breaking year for Terra Alliance

Terra Alliance is pleased to announce the results of a record-breaking 2021 and its continued growing presence in the global M&A and corporate finance markets.  In 2021, its member firms completed 110 transactions with a combined deal value of more than US$69 billion. For the five years to December 2021, member firms completed more than […]

1 2 3 27
arrow-right