Divestiture • Environmental

CPE Capital Acquires Banksmeadow Recycling

On September 10, 2019, private equity firm CPE Capital acquired environmental company Banksmeadow Recycling from BINGO for 50M AUD

Acquisition Context
  • This is CPE Capital’s 1st transaction in the Environmental sector.
  • This is CPE Capital’s 9th largest (disclosed) transaction.
  • This is CPE Capital’s 27th transaction in Australia.

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M&A Deal Summary

Date September 10, 2019
Target Banksmeadow Recycling
Sector Environmental
Buyer(s) CPE Capital
Sellers(s) BINGO
Deal Type Divestiture
Deal Value 50M AUD

Target Company

Banksmeadow Recycling

Banksmeadow, Australia
Banksmeadow Recycling is an independent recycling facility that has been in operation for more than 20 years and is the premier location to tip dry waste originating from the CBD, eastern-suburbs, inner-west, lower-north, southern suburbs, and surrounds. Banksmeadow Recycling is based in Banksmeadow, Australia.
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Buyer Overview 1

Buyer

CPE Capital

Sydney, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 3.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CHAMP Private Equity is an Australian private equity firm focused on seed, expansion stage, and buyout investments across a range of industry sectors. CHAMP's buyout practice looks for businesses valued A$100 million and A$750 million, requiring at least A$30 million in equity capital. The Firm primarily looks for businesses operating in Australia and New Zealand. CHAMP is affiliated with New York based private equity firm Castle Harlan. CHAMP Private Equity was formed in 2000 and is based in Sydney.


Deal Context for Buyer #
Overall 33 of 35
Sector: Environmental 1 of 1
Type: Divestiture 3 of 3
Country: Australia 27 of 29
Year: 2019 2 of 2
Size (of disclosed) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-03 ATF Services

Seven Hills, Australia

ATF Services is a provider of temporary fence and height safety services to the residential, non–residential, engineering construction, and special events sectors. ATF Services was founded in 1989 and is based in Seven Hills, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-31 Gourmet Food

Dandenong South, Australia

Gourmet Food manufactures, imports, and distributes premium crackers, sugar-free biscuits, and chilled and packaged seafood in Australia, New Zealand and other overseas markets. Gourmet Food is based in Dandenong South, Australia.

Sell AU$454M

Seller Profile 1

SELLER

BINGO

Auburn, Australia

Category Company
Founded 2017
Sector Environmental
Employees1,000
Revenue 478M AUD (2020)
DESCRIPTION

BINGO is a fully integrated recycling and waste management company, providing solutions across the entire waste management supply chain including collection, processing, separation, recycling, and disposal. BINGO was founded in 2017 and is based in Auburn, Australia.


Deal Context for Seller #
Overall 1 of 1
Sector: Environmental 1 of 1
Type: Divestiture 1 of 1
Country: Australia 1 of 1
Year: 2019 1 of 1

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