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  5. Remondis Acquires Delete Group

M&A Deal Summary

Remondis Acquires Delete Group

On December 5, 2023, Remondis acquired environmental company Delete Group from Axcel, CapMan and Omnes Capital

Acquisition Highlights
  • This is Remondis’ 3rd transaction in the Environmental sector.
  • This is Remondis’ 1st transaction in Finland.

M&A Deal Summary
Date 2023-12-05
Target Delete Group
Sector Environmental
Buyer(s) Remondis
Sellers(s) Axcel
CapMan
Omnes Capital
Deal Type Add-on Acquisition

Target

Delete Group

Helsinki, Finland
Delete Group is a full-service environmental services provider. The company provides clients with business-critical services that require specialized knowledge and specialized equipment. Its business is divided into three business areas: industrial and real estate services, demolition services and recycling and waste disposal services. Delete Group was formed in 2010 and is based in Helsinki, Finland.

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Buyer(S) 1

Buyer

Remondis

Lünen, Germany
Category Company
Founded 1934
Sector Environmental
DESCRIPTION

Remondis SE & Co. KG is a global company specializing in waste management, recycling, and water services. Remondis was founded in 1934 and is based in Lünen, Germany.

DEAL STATS #
Overall 4 of 5
Sector: Environmental M&A 3 of 4
Type: Add-on Acquisition M&A Deals 3 of 4
Country: Finland M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-02 Van Gansewinkel Polska Sp z o.o.

Kraków, Poland

Van Gansewinkel Polska Sp z o.o. is a provider of waste collection and recycling services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-29 BMT

Farmsum, Netherlands

BMT is an international service provider in the processing of mercury and NORM waste. BMT was founded in 1991 and is based in Farmsum, Netherlands.

Buy -

Seller(S) 3

SELLER

Axcel

Copenhagen, Denmark

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 4.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Axcel Management AS is a private equity firm focused on mid-market buyouts in Denmark and Sweden. Axcel primarily seeks companies with a strong Danish or Swedish base and international potential. The Firm looks to invest in companies with revenues of DKK 250 million (€ 35 million) to DKK 4 billion (€ 535 million). Axcel prefers majority positions. Axcel Management A/S was formed in 1994. The Firm is based in Copenhagen with an additional office in Stockholm.

DEAL STATS #
Overall 46 of 49
Sector: Environmental M&A 1 of 1
Type: Add-on Acquisition M&A Deals 13 of 15
Country: Finland M&A 2 of 2
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-17 Mountain Top Industries

Frederikssund, Denmark

Mountain Top Industries is a provider of pick-up truck accessories for factory fitting at carmakers such as Ford, Nissan, Renault, VW, Mercedes-Benz and Toyota. Mountain Top Industries is based in Frederikssund, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-23 Loopia

Vasteras, Sweden

Loopia is a hosting provider that offers domains, web hosting, and value-added services. The products are sold directly online on a prepaid subscription basis to a growing customer base of about 350,000 small and medium-sized businesses and prosumer customers. The products are sold under the Loopia brand in Sweden and the Active 24 brand in the Czech Republic. Loopia is based in Vasteras, Sweden.

Sell -
SELLER

CapMan

Helsinki, Finland

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 4.9B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CapMan is a private equity group focused on a variety of investments in Scandinavia and Russia. CapMan's buyout group looks to invest €20 to €70 million (€10 to €20 for mezzanine) of capital in unlisted companies generating €50 to €500 million in revenues. CapMan seeks control positions and does not have any sector preferences. CapMan was established in 1989 and has offices in Helsinki, Stockholm, Oslo, Luxembourg, and Moscow.

DEAL STATS #
Overall 43 of 44
Sector: Environmental M&A 1 of 1
Type: Add-on Acquisition M&A Deals 25 of 25
Country: Finland M&A 23 of 24
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-04 Fuzion

Skanderborg, Denmark

Fuzion is a Danish operator of data centers offering server storage colocation, supplying space, cooling, electricity, security etc. for customer-owned equipment. The company operates four data centers located in central Jutland and is expanding to a new location in Copenhagen. Fuzion was founded in 2001 and is based in Skanderborg, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-06 TerraWise

Helsinki, Finland

TerraWise is an experienced and trusted partner for various types of infrastructure construction projects. The company focuses on delivering demanding projects related to environmental construction and specialized quarrying, offering a complete set of services in each area. TerraWise’s key value proposition is based on expertise, high-quality results and commitment to agreed schedules. TerraWise was founded in 2015 and is based in Helsinki, Finland.

Buy -
SELLER

Omnes Capital

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 5.7B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Omnes Capital formerly known as Credit Agricole Private Equity (CAPE) is the investment arm of financial services group Credit Agricole. Omnes Capital looks to invest in a range of investment stages and transaction types, including LBO/expansion, venture capital, mezzanine, renewable energy, co-investment, infrastructure, and special situations. The Firm's LBO/expansion group looks to invest €25 to €80 million to support growth initiatives and buyouts of small and mid-cap businesses operating in a variety of industries. Omnes Capital generally invests in businesses operating in France and Italy. Omnes Capital's mezzanine area was formed in 2002 and looks to provide €5 to €30 million of junior capital to similar sized established businesses. In addition to Omnes Capital's traditional equity and subordinated debt investment arm, the Firm also invests in infrastructure projects as well as provides capital for distressed businesses with €10 to €150 million in revenue. Omnes Capital was formed in 2004 and is based in Paris.

DEAL STATS #
Overall 114 of 118
Sector: Environmental M&A 3 of 3
Type: Add-on Acquisition M&A Deals 52 of 53
Country: Finland M&A 1 of 1
Year: 2023 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-22 EA Pharma

Vallauris, France

EA Pharma is a pharmaceutical company specialized in production and distribution of drugs, food supplements, and cosmetics. EA Pharma was formed in 2006 and is based in Vallauris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-06 UNITe

Lyon, France

UNITe is an independent electricity producer and operates a portfolio of 21 hydroelectric facilities. The entity has 42 MW in installed capacity and generates 148 GWh in electricity from renewable sources. UNITe was founded in 1985 and is based in Lyon, France.

Sell -
Mergr

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