M&A Deal Summary

Li Ka Shing Foundation, CK Hutchison, CK Infrastructure and Power Assets Holdings Acquire AVR Afvalverwerking BV

On June 17, 2013, Li Ka Shing Foundation, CK Hutchison, CK Infrastructure and Power Assets Holdings acquired environmental company AVR Afvalverwerking BV from Van Gansewinkel Groep BV for 944M EUR

Acquisition Highlights
  • This is Li Ka Shing Foundation’s 1st, CK Hutchison’s 2nd, CK Infrastructure’s 1st and Power Assets Holdings’ 1st transaction in the Environmental sector.
  • This is Li Ka Shing Foundation’s 4th, CK Hutchison’s 2nd, CK Infrastructure’s 7th and Power Assets Holdings’ 3rd largest (disclosed) transaction.
  • This is Li Ka Shing Foundation’s 1st, CK Hutchison’s 1st, CK Infrastructure’s 1st and Power Assets Holdings’ 1st transaction in the Netherlands.

M&A Deal Summary

Date 2013-06-17
Target AVR Afvalverwerking BV
Sector Environmental
Buyer(s) Li Ka Shing Foundation
CK Hutchison
CK Infrastructure
Power Assets Holdings
Sellers(s) Van Gansewinkel Groep BV
Deal Type Divestiture
Deal Value 944M EUR

Target

AVR Afvalverwerking BV

Rozenburg, Netherlands
website
AVR Afvalverwerking BV is a waste disposal company that was founded by then 23-Rijnmond municipalities. In the early years the focus was mainly on the processing of household waste.

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Buyer(S) 4

Buyer

Li Ka Shing Foundation

Hong Kong, China

website


Category Company
Founded 1980
Sector Financial Services
DESCRIPTION

Li Ka Shing Foundation Ltd. is a charitable institution that helps communities to build better standards of living.


DEAL STATS #
Overall 5 of 5
Sector (Environmental) 1 of 1
Type (Divestiture) 2 of 2
Country (Netherlands) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-25 Wales & West Utilities

Newport, United Kingdom

Wales & West Utilities is one of the eight major gas distribution networks in the United Kingdom. It has a service coverage area of 42,000 sq kilometers, and provides service to a population of approximately 7.4 million in Wales and the South West of England. WWU’s gas distribution system consists of 35,000 km of pipelines and 18 gas storage sites.

Buy £645M
Buyer

CK Hutchison

Hong Kong, China

website


Category Company
Founded 1828
Sector Real Estate
Employees300,000
Revenue 262.5B HKD (2022)
DESCRIPTION

CK Hutchison is a property development and strategic investment company. CK Hutchison is one of the largest developers in Hong Kong of residential, commercial, and industrial properties. CK Hutchison was founded in 1828 and is headquartered in Hong Kong, China.


DEAL STATS #
Overall 10 of 14
Sector (Environmental) 2 of 2
Type (Divestiture) 1 of 1
Country (Netherlands) 1 of 1
Year (2013) 2 of 2
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-15 EnviroWaste Services

Auckland, New Zealand

EnviroWaste Services Limited delivers EnviroSolutions to address the waste and recycling needs of New Zealand's communities and businesses. Through our integrated, national network of branches, joint ventures and subsidiary companies, EnviroWaste has the capability to manage the progression of waste through each phase of the waste stream.

Buy $422M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-08 Australian Gas Networks

Adelaide, Australia

Australian Gas Networks Ltd. owns about 23,000 kilometers of natural gas distribution networks and 1,100 kilometers of transmission pipelines, serving over 1.2 million consumers in South Australia, Victoria, Queensland, New South Wales, and the Northern Territory.

Buy -
Buyer

CK Infrastructure

Hong Kong, China

website


Category Company
Founded 1996
Sector Infrastructure
Employees2,365
Revenue 6.6B HKD (2022)
DESCRIPTION

CK Infrastructure is a global infrastructure company that aims to make the world a better place through a variety of infrastructure investments and developments in different parts of the world. The Group has diversified investments in Energy Infrastructure, Transportation Infrastructure, Water Infrastructure, Waste Management, Waste-to-energy, Household Infrastructure, and Infrastructure Related Businesses. CK Infrastructure was founded in 1996 and is based in Hong Kong, China.


DEAL STATS #
Overall 16 of 22
Sector (Environmental) 1 of 1
Type (Divestiture) 4 of 4
Country (Netherlands) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 7 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-25 Wales & West Utilities

Newport, United Kingdom

Wales & West Utilities is one of the eight major gas distribution networks in the United Kingdom. It has a service coverage area of 42,000 sq kilometers, and provides service to a population of approximately 7.4 million in Wales and the South West of England. WWU’s gas distribution system consists of 35,000 km of pipelines and 18 gas storage sites.

Buy £645M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-08 Australian Gas Networks

Adelaide, Australia

Australian Gas Networks Ltd. owns about 23,000 kilometers of natural gas distribution networks and 1,100 kilometers of transmission pipelines, serving over 1.2 million consumers in South Australia, Victoria, Queensland, New South Wales, and the Northern Territory.

Buy -
Buyer

Power Assets Holdings

Central, China

website


Category Company
Founded 1889
Sector Renewable Energy
Employees14
Revenue 1.3B HKD (2021)
DESCRIPTION

Power Assets Holdings is a provider in power and utility-related businesses with investments in electricity generation, transmission and distribution, renewable energy, energy from waste and gas distribution. Power Assets Holdings was founded in 1889 and is based in Central, China.


DEAL STATS #
Overall 11 of 13
Sector (Environmental) 1 of 1
Type (Divestiture) 3 of 3
Country (Netherlands) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-25 Wales & West Utilities

Newport, United Kingdom

Wales & West Utilities is one of the eight major gas distribution networks in the United Kingdom. It has a service coverage area of 42,000 sq kilometers, and provides service to a population of approximately 7.4 million in Wales and the South West of England. WWU’s gas distribution system consists of 35,000 km of pipelines and 18 gas storage sites.

Buy £645M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-08 Australian Gas Networks

Adelaide, Australia

Australian Gas Networks Ltd. owns about 23,000 kilometers of natural gas distribution networks and 1,100 kilometers of transmission pipelines, serving over 1.2 million consumers in South Australia, Victoria, Queensland, New South Wales, and the Northern Territory.

Buy -

Seller(S) 1

SELLER

Van Gansewinkel Groep BV

Eindhoven, Netherlands

website


Category Company
Founded 1964
Sector Environmental
Employees5,700
Revenue 1.2B EUR (2012)
DESCRIPTION

Van Gansewinkel Groep BV is the waste management and processing company in the Benelux, engaging in the collection and processing of waste into raw materials and energy.


DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Divestiture) 1 of 1
Country (Netherlands) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1