The Quercus team, led by Mark Whelan and Neil Giles, advised the shareholders of BPR Group Europe Limited trading as Paper Round (“BPR”), one of the leading independent waste management businesses in the South East, on its acquisition of Reef Environmental Limited (“Reef”), an independent provider of waste and recycling services across East Sussex and Kent.

Financial details have not been disclosed.

Reef’s customer base and geographical footprint are highly complementary to that of BPR, providing a great opportunity for the combined business in the marketplace.  The enlarged business will also offer greater opportunities for the management and staff in both businesses in Sussex and beyond.

Mark Whelan, Quercus Partner said:

“I am delighted that we have successfully advised the shareholders of BPR on its acquisition of Reef.  There is an excellent operational and cultural fit between the two businesses, and this coupled with a strong strategic rationale for the acquisition bodes extremely well for the success of the enlarged group going forward.  We wish the combined team every success in the future.”

Bill Swan, Managing Director of BPR, added:

“We are delighted to have benefited from Quercus’ counsel throughout the acquisition process, their combination of in-depth waste sector knowledge and corporate transaction management facilitated a smooth acquisition process, allowing our management team to focus on the strategic and operational steps to successfully integrate Reef into the BPR family.”