M&A Deal Summary

CK Hutchison Acquires EnviroWaste Services

On January 15, 2013, CK Hutchison acquired environmental company EnviroWaste Services from Ironbridge Capital for 422M USD

Acquisition Highlights
  • This is CK Hutchison’s 1st transaction in the Environmental sector.
  • This is CK Hutchison’s 4th largest (disclosed) transaction.
  • This is CK Hutchison’s 1st transaction in New Zealand.

M&A Deal Summary

Date 2013-01-15
Target EnviroWaste Services
Sector Environmental
Buyer(s) CK Hutchison
Sellers(s) Ironbridge Capital
Deal Type Add-on Acquisition
Deal Value 422M USD

Target

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.

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Buyer(S) 1

Buyer

CK Hutchison

Hong Kong, China

Category Company
Founded 1828
Sector Real Estate
Employees326,346
Revenue 281.4B HKD (2024)
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 9 of 14
Sector: Environmental M&A 1 of 2
Type: Add-on Acquisition M&A Deals 3 of 4
Country: New Zealand M&A 1 of 1
Year: 2013 M&A 1 of 2
Size (of disclosed) 4 of 6
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
2013-06-17 AVR Afvalverwerking BV

Rozenburg, Netherlands

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.

Buy €944M

Seller(S) 1

SELLER

Ironbridge Capital

Sydney, Australia

Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 1.5B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Ironbridge Capital is a middle-market private equity firm that targets growth capital and buyout investments in Australia and New Zealand. Ironbridge focuses its investment activity within the services sector and targets businesses with the potential for strong and sustained growth in revenue and profitability. Ironbridge Capital was formed in 2003 and has offices in Sydney and Auckland.


DEAL STATS #
Overall 7 of 13
Sector: Environmental M&A 1 of 2
Type: Add-on Acquisition M&A Deals 6 of 6
Country: New Zealand M&A 2 of 3
Year: 2013 M&A 1 of 3
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-20 iNova Pharmaceuticals

Singapore, Singapore

iNova Pharmaceuticals is a developer and marketer of over-the-counter and prescription medicines. iNova Pharmaceuticals was founded in 1958 and is based in Singapore.

Sell AU$700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-24 Hillsdale Furniture

Louisville, Kentucky, United States

Hillsdale is a designer and importer of residential case goods and accent furniture. Hillsdale sells a broad line of bedroom, dining room, occasional and accent furniture targeting promotional to middle price points. Hillsdale Furniture is based in Louisville, Kentucky.

Sell -