M&A Deal Summary

Livingbridge Acquires Waste Services Group

On January 18, 2022, private equity firm Livingbridge acquired environmental company Waste Services Group from The Silverfern Group and Riverside

Acquisition Highlights
  • This is Livingbridge’s 3rd transaction in the Environmental sector.
  • This is Livingbridge’s 3rd transaction in Australia.

M&A Deal Summary

Date 2022-01-18
Target Waste Services Group
Sector Environmental
Buyer(s) Livingbridge
Sellers(s) The Silverfern Group
Riverside
Deal Type Secondary Buyout
Advisor(s) KPMG Corporate Finance
Deloitte (Financial)

Target

Waste Services Group

Braeside, Australia
Waste Services Group provides diversified waste collection services to the Australian commercial and industrial sectors, utilizing front-lift waste removal trucks to collect customer waste streams and providing national broker and account management services for commercial and industrial customers with multi-site and complex waste collection requirements. Waste Services Group was founded in 2016 and is based in Braeside, Australia.

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Buyer(S) 1

Buyer

Livingbridge

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 3.8B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Livingbridge is a UK-based investment group focused on investing in and growing mid-sized companies. The Firm targets businesses seeking £15 to £300 million of capital. Prospective companies should have 'ambitious mangement', scalable business models, and potential for market leadership. Sectors of interest include technology, media, communications, consumer products/services, healthcare, and education. Livingbridge was formed in 1995 and is based in London.


DEAL STATS #
Overall 146 of 150
Sector: Environmental M&A 3 of 3
Type: Secondary Buyout M&A Deals 20 of 22
Country: Australia M&A 3 of 3
Year: 2022 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-12 Carousel Logistics

Kent, United Kingdom

Carousel offers logistics services globally, with experience & expertise in distribution, freight forwarding, warehousing & supply chain solutions. It is headquartered in the UK, with offices across the Netherlands, Germany and Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-22 Nourish

Bournemouth, United Kingdom

Nourish is a cloud-hosted Digital Care Planning Platform supporting care providers and carers in the evidencing, and accessing of care records, and enabling better care provision using data insight and reporting. Nourish was formed in 2011 and is based in Bournemouth, United Kingdom.

Buy -

Seller(S) 2

DESCRIPTION

The Silverfern Group is an asset management firm focused on investing in private equity, real estate, and private debt transactions on behalf of institutional investors and single family offices. The Firm will consider opportunities across North/South America, Europe, and Asia. Within its private equity practice, Silverfern makes direct, co-control middle-market private equity investments requiring $20 to $50 million of equity per transaction. Sectors of interest include energy, financial services, food, hospitality, IT, power equipment rental, renewable energy, telecom, transportation, and waste management. The Silverfern Group was established in 2001 and is headquartered in Greenwich, Connecticut.


DEAL STATS #
Overall 8 of 10
Sector: Environmental M&A 1 of 2
Type: Secondary Buyout M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-12 CPAP.com

Stafford, Texas, United States

CPAP.com is an online retailer specializing in sleep apnea equipment, offering a wide range of CPAP machines, masks, and accessories to help improve sleep quality and breathing health. CPAP.com was founded in 1999 and is based in Stafford, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-17 Broad River Energy

Gaffney, South Carolina, United States

Broad River Energy is an 850 MW dual-fuel, simple-cycle power generation facility located in Gaffney, South Carolina that is fully committed to Duke Energy Progress under two long-term tolling agreements. Broad River utilizes 5 GE 7FA.03 gas turbine generators for the generation of electrical power. The units can be on the grid and supplying power within 15 minutes to help serve peak and emergency loads.

Sell -
SELLER

Riverside

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 178 of 207
Sector: Environmental M&A 2 of 2
Type: Secondary Buyout M&A Deals 70 of 83
Country: Australia M&A 5 of 6
Year: 2022 M&A 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 IFS Group

Birmingham, Michigan, United States

IFS Group is a holding company that provides non-discretionary industrial and field services supporting power generation and process industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-19 REPA

Bergkirchen, Germany

REPA is a European distributor of commercial kitchen equipment parts. REPA offers a large assortment of spare parts to its customers across Europe and beyond. Its customers are small businesses that service and repair equipment for restaurants, bars, and other foodservice providers. REPA is based in Bergkirchen, Germany.

Sell -