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

Terra Alliance International M&A network announces record growth in deal volume and values

Quercus International is the exclusive UK member firm of the Terra Alliance International M&A network and in 2023 member firms completed 97 transactions, a 10% increase on the previous year. Deal value 2023  also increased, by over 40%, to $18 billion.  The chart below shows that active sectors over the past 12 months include Industrial, Consumer, […]

Acquisition of Swale Heating by Sureserve

Quercus International is delighted to announce that it has advised the Sureserve Group (“Sureserve”) on the acquisition of Swale Heating Holdings Ltd and its subsidiary, Swale Heating Limited (together “Swale Heating”), a business delivering gas and renewable heating solutions to both public and private sector customers. This is the second time Quercus International has worked […]

Crystal ball 2024: the UK waste sector

Quercus Head of Waste Management Mark Whelan writes: At this time of year, it is customary to review the events of the year that has just past and to consider what might unfold over the next 12 months. In 2023 the UK waste industry has largely seen business as usual in the field of M&A. […]

1 2 3 31
arrow-right