M&A Deal Summary

China Everbright Environment Group Acquires NOVAGO Sp. z o.o.

On June 27, 2016, China Everbright Environment Group acquired environmental company NOVAGO Sp. z o.o. from Abris Capital Partners

Acquisition Highlights
  • This is China Everbright Environment Group’s 1st transaction in the Environmental sector.
  • This is China Everbright Environment Group’s 1st transaction in Poland.

M&A Deal Summary

Date 2016-06-27
Target NOVAGO Sp. z o.o.
Sector Environmental
Buyer(s) China Everbright Environment Group
Sellers(s) Abris Capital Partners
Deal Type Add-on Acquisition

Target

NOVAGO Sp. z o.o.

Mława, Poland
NOVAGO is a municipal waste processing company and producer of alternative fuel. It specialises in modern management of municipal solid waste. Company has built six technologically-advanced production sites in four provinces with 890,000 tonnes of waste treated in 2015.

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Buyer(S) 1

Buyer

China Everbright Environment Group

Hong Kong, China

Category Company
Founded 1961
Sector Business Services
Employees15,000
Revenue 30.3B HKD (2024)
DESCRIPTION

China Everbright Environment Group is a business conglomerate which has integrated project investment, construction engineering, operation management, technology development and equipment manufacturing focusing on environmental protection and alternative energy businesses. Its projects mainly include waste to-energy, methane-to-energy, biomass power generation, solar photovoltaic energy, industrial solid waste and hazardous waste treatment, waste water treatment and reusable water etc. China Everbright Environment Group was founded in 1961 and is based in Hong Kong, China.


DEAL STATS #
Overall 6 of 6
Sector: Environmental M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
Country: Poland M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-17 Lianyungang Suzukigumi Waste Co.

Japan

Lianyungang Suzukigumi Waste company operates as a hazardous waste incineration project as well as its first medical waste treatment project.

Buy -

Seller(S) 1

SELLER

Abris Capital Partners

Warsaw, Poland

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 1.3B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Abris Capital Partners is a private equity firm focused on opportunities in Central and Eastern Europe. Abris targets situations where it can commit €30 to €75 million. Prospective businesses generally lead their markets, have 'significant' growth potential (organic or through consolidation), strong management, and predictable cash-flows. Abris Capital Partners was established in 2007 and is based in Warsaw.


DEAL STATS #
Overall 7 of 20
Sector: Environmental M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 10
Country: Poland M&A 6 of 15
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-18 Cargounit

Wroclaw, Poland

Cargounit is a locomotive leasing and rental services provider on the Polish market. The company currently manages a fleet of 75 heavy electric locomotives and several diesel locomotives. For many years, the company has been working with key players in the transport of petrochemical products, raw materials and cargo. Cargounit was founded in 2003 and is based in Wroclaw, Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-05 Green Group

Bucharest, Romania

Green Group is a recycling business in Romania and South-Eastern Europe, active in the recycling of all major waste streams including PET, electric and electronic waste (WEEE), glass and batteries. The business is also investing in the expansion of its regenerated polyester fibre production facilities. Green Group was founded in 2002 and is based in Bucharest, Romania.

Buy -