M&A Deal Summary

Averda International FZ Acquires The City Bin

On January 1, 2013, Averda International FZ acquired environmental company The City Bin for 20M USD

Acquisition Highlights
  • This is Averda International FZ’s 2nd transaction in the Environmental sector.
  • This is Averda International FZ’s largest (disclosed) transaction.
  • This is Averda International FZ’s 1st transaction in Ireland.
Investment Fate
  • The City Bin was divested to a consortium of buyers in 2019.

M&A Deal Summary
Date 2013-01-01
Target The City Bin
Sector Environmental
Buyer(s) Averda International FZ
Deal Type Add-on Acquisition
Deal Value 20M USD
Advisor(s) Oaklins International, Inc. (Financial)

Target

The City Bin

Galway, Ireland
website
The City Bin is a waste collection company engaged in providing waste management and recycling services. The City Bin was founded in 1997 and is based in Galway, Ireland.

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Buyer(S) 1

Buyer

Averda International FZ

Dubai, United Arab Emirates

website

Category Company
Sector Environmental
Employees7,500
DESCRIPTION

Averda International is the largest environmental solutions provider in the MENA region, specialising in integrated resources management. averda is at the forefront of innovation in the regional market, providing sustainable solutions and more than 35 years of experience in the effective management of waste for both private and public sector clients.

DEAL STATS #
Overall 2 of 3
Sector (Environmental) 2 of 3
Type (Add-on Acquisition) 2 of 3
Country (Ireland) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-06 New Wave Cleaning Services WLL

Doha, Qatar

New Wave Cleaning Services WLL is a provider of reliable, high-quality professional waste management services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 Solid Waste Technologies SA Pty

Cape Town, South Africa

Solid Waste Technologies SA Pty Ltd. is a provider of healthcare​ waste recycling systems for medical facilities. Solid Waste Technologies SA Pty Ltd. was established in 1993 and is headquartered in Cape Town, South Africa.

Buy R100M
Mergr

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