M&A Deal Summary

Cleanaway AS Acquires Serviceteam

On January 9, 2001, Cleanaway AS acquired environmental company Serviceteam from ECI Partners for 67M GBP

Acquisition Highlights
  • This is Cleanaway AS’s 1st transaction in the Environmental sector.
  • This is Cleanaway AS’s 0th largest (disclosed) transaction.
  • This is Cleanaway AS’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2001-01-09
Target Serviceteam
Sector Environmental
Buyer(s) Cleanaway AS
Sellers(s) ECI Partners
Deal Type Add-on Acquisition
Deal Value 67M GBP

Target

Serviceteam

London, United Kingdom
Serviceteam Ltd. is a provider of waste management services.

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Buyer(S) 1

Buyer

Cleanaway AS

Tallinn, Estonia

Category Company
Sector Environmental
DESCRIPTION

Cleanaway AS is a waste management company.


DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2001) 1 of 1

Seller(S) 1

SELLER

ECI Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 2.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

ECI Partners is a private equity firm focused on the smaller middle-market company that invests in growing businesses valued up to £300m. ECI looks for UK businesses or businesses with a substantial presence in the UK. Funds are generally used to support expansion, acquisitions, management buyouts, buy-ins, turnarounds, and refinancing. Target sectors include IT services, support services, Insurance, and SME services. ECI will not invest in early-stage companies. ECI Partners was formed in 1976 and has offices in London, Manchester, and New York.


DEAL STATS #
Overall 17 of 76
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 8 of 39
Country (United Kingdom) 16 of 70
Year (2001) 1 of 2
Size (of disclosed) 11 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 echo

Milton Keynes, United Kingdom

echo Ltd. is a IT support and specialist logistics provider.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-03-07 Devonshire Pub

Hartlepool, United Kingdom

Devonshire Pub Co. is a pub operator.

Sell £9M