M&A Deal Summary

Exponent Private Equity Acquires Enva

On April 5, 2017, private equity firm Exponent Private Equity acquired environmental company Enva from DCC for 219M GBP

Acquisition Highlights
  • This is Exponent Private Equity’s 1st transaction in the Environmental sector.
  • This is Exponent Private Equity’s 5th largest (disclosed) transaction.
  • This is Exponent Private Equity’s 2nd transaction in Ireland.
Investment Fate
  • Enva was sold to a consortium of financial buyers in 2023.

M&A Deal Summary

Date 2017-04-05
Target Enva
Sector Environmental
Buyer(s) Exponent Private Equity
Sellers(s) DCC
Deal Type Divestiture
Deal Value 219M GBP

Target

Enva

Ireland
Enva is an environmental services platform providing mission-critical, highly specialized, and regulated waste management services in the UK and Ireland. The company conducts waste collection, processing, and resource recovery at 34 facilities across the UK and Ireland, serving more than 20,000 industrial, energy, automotive, and other customers. It focuses on waste streams with complex technical and regulatory characteristics, requiring specialized expertise and licenses. Enva was formed in 1972 and is based in Ireland.

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Buyer(S) 1

Buyer

Exponent Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 2.9B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Exponent is a private equity firm focused on acquiring middle-market businesses located in the UK and broader Europe. Exponent targets opportunities in the media, business and financial services, healthcare, consumer, and leisure sectors. The Firm seeks to invest in businesses valued from £150 to £500 million. Exponent has a particular interest in businesses that are prominent in their respective markets, but may benefit from or need operational improvement. Exponent Private Equity was formed in 2004 and is based in London.


DEAL STATS #
Overall 26 of 38
Sector (Environmental) 1 of 1
Type (Divestiture) 6 of 12
Country (Ireland) 2 of 3
Year (2017) 1 of 4
Size (of disclosed) 5 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-11 Immediate Media

London, United Kingdom

Immediate Media Co. Ltd. is a consumer magazines publishers created through a merger of BBC Magazines, Origin Publishing and Magicalia Media Limited.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-02 Evergreen Garden Care

Surrey, United Kingdom

Evergreen Garden Care is a garden care company in Europe and Australasia, producing high-quality garden care products designed to help people create their own green oasis amid the rush of modern life. Evergreen Garden Care was founded in 2017 and is based in Surrey, United Kingdom.

Buy -

Seller(S) 1

SELLER

DCC

Dublin, Ireland

Category Company
Founded 1976
Sector Distribution
Employees16,600
Revenue 19.9B GBP (2024)
DESCRIPTION

DCC is a broadly based group, operating across five focused divisions: energy, technology, healthcare, environmental and food & beverage. DCC was founded in 1976 and is based in Dublin, Ireland.


DEAL STATS #
Overall 6 of 7
Sector (Environmental) 1 of 1
Type (Divestiture) 5 of 6
Country (Ireland) 2 of 2
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-05 Royal Dutch Shell - LPG Business In Hong Kong & Macau

China

Royal Dutch Shell plc - LPG Business In Hong Kong & Macau is one of the major LPG sales and marketing businesses in Hong Kong and Macau, where it has been selling LPG for almost sixty years. The business provides LPG in bulk, cylinder and autogas formats to domestic, commercial and industrial customers.

Buy HK$1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-13 Kondor

Christchurch, United Kingdom

Kondor Ltd. is a distributor of audio and mobile accessory products to a broad range of e-tail, retail and mobile operator customers. Kondor Ltd. was founded in 1994 and is based in Christchurch, United Kingdom.

Buy -