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Macquarie reaches deal to buy Panda owner Beauparc


Macquarie reaches deal to buy Panda owner Beauparc
Waste collection company valued at around €1bn
about 2 hours ago
 
The largest waste company in the State, Beauparc Utilities, is to be taken over by Australian financial services giant Macquarie from the business’s founder, Eamon Waters, and private equity firm Blackstone.
Parties to the deal confirmed the agreement in a joint statement on Tuesday, which did not disclose the price.
However, industry sources previously put a value of as much as €1 billion on the owner of the Panda and Greenstar waste firms in the Republic as well as operations in the UK and the Netherlands. ....

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Macquarie Asset Management agrees to acquire Beauparc Utilities


Date Time
Macquarie Asset Management agrees to acquire Beauparc Utilities
Macquarie Asset Management, via Macquarie European Infrastructure Fund 6, has agreed to acquire Beauparc Utilities (“Beauparc”) from founder Eamon Waters and Blackstone Tactical Opportunities Fund.
Beauparc is a recycling and processing led waste-to-resource business with a market leading position across Ireland, and a significant growing presence in the United Kingdom and the Netherlands. The portfolio of waste management services generates value from waste by processing materials from collectors, including its own residential and commercial collection business, towards reusable products and supplying waste to cement kilns and energy-from-waste facilities.
Leigh Harrison, Head of Macquarie Infrastructure and Real Assets, said: “We see a significant opportunity to build on Beauparc’s strong reputation in the sector, investing to support the growth of the circular economy through proje ....

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