M&A Deal Summary

Averda Acquires City Bin

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

Acquisition Highlights
  • This is Averda’s 2nd transaction in the Environmental sector.
  • This is Averda’s largest (disclosed) transaction.
  • This is Averda’s 1st transaction in Ireland.
Investment Fate
  • City Bin was divested to a consortium of buyers in 2019.
  • City Bin was sold to a strategic buyer in 2022.

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

Target

City Bin

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

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Buyer(S) 1

Buyer

Averda

Dubai, United Arab Emirates
Category Company
Sector Environmental
Employees7,500
DESCRIPTION

Averda is an 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. Averda is based in Dubai, United Arab Emirates.

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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