M&A Deal Summary

Renewi Acquires Van Gansewinkel Groep BV

On February 28, 2017, Renewi acquired environmental company Van Gansewinkel Groep BV from KKR, CVC Capital Partners and Intermediate Capital Group

Acquisition Highlights
  • This is Renewi’s 2nd transaction in the Environmental sector.
  • This is Renewi’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2017-02-28
Target Van Gansewinkel Groep BV
Sector Environmental
Buyer(s) Renewi
Sellers(s) KKR
CVC Capital Partners
Intermediate Capital Group
Deal Type Merger

Target

Van Gansewinkel Groep BV

Eindhoven, Netherlands
Van Gansewinkel Groep BV is the waste management and processing company in the Benelux, engaging in the collection and processing of waste into raw materials and energy.

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Buyer(S) 1

Buyer

Renewi

Milton Keynes, United Kingdom

Category Company
Founded 1880
Sector Environmental
Employees6,465
Revenue 1.7B EUR (2024)
DESCRIPTION

Renewi is a waste-to-product business ideally positioned to be part of the solution to some of the main environmental problems facing society today: reducing waste, avoiding pollution, and preventing the unnecessary use of finite natural resources. Renewi was founded in 1880 and is based in Milton Keynes, United Kingdom.


DEAL STATS #
Overall 2 of 3
Sector (Environmental) 2 of 3
Type (Merger) 2 of 2
Country (Netherlands) 1 of 2
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-28 Shanks Group

Milton Keynes, United Kingdom

Shanks Group plc provides waste management solutions to the public and private sectors in the Netherlands, Belgium, the United Kingdom, and Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-24 PARO

Amsterdam, Netherlands

PARO is a commercial waste and recycling business that operates from a large and well-permitted processing facility located in the port area of Amsterdam and trades under the brands Paro, Cirqu, and Buro Ontwerp & Omgeving (Buro). PARO was established in 2004 and is based in Amsterdam, Netherlands.

Buy €67M

Seller(S) 3

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 91 of 205
Sector (Environmental) 3 of 5
Type (Merger) 1 of 5
Country (Netherlands) 6 of 9
Year (2017) 2 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-27 Cherwell Software

Colorado Springs, Colorado, United States

Cherwell Software LLC is an IT and enterprise service management, Cherwell Software empowers IT to lead through the use of powerful and intuitive technology that enables better, faster, and more affordable innovation. The Cherwell® Service Management platform is built from the ground up with a unique codeless architecture that enables rapid time to value, infinite flexibility, and frictionless upgrades every time—at a fraction of the cost and complexity of legacy solutions. Cherwell Software was founded in 2004 and is based in Colorado Springs, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-17 USI Insurance Services

Valhalla, New York, United States

USI Insurance Services is a provider of a fully integrated distribution of general and specialty property and casualty insurance and financial services such as employee benefits outsourcing and related consulting. USI Insurance Services was founded in 1994 and is based in Valhalla, New York.

Buy $4.3B
SELLER

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 128 of 173
Sector (Environmental) 2 of 2
Type (Merger) 2 of 2
Country (Netherlands) 16 of 17
Year (2017) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-21 Zabka Polska

Poznañ, Poland

Zabka Polska is a Polish convenience retailer. The company is among the fastest-growing grocery retail chains in Poland. Żabka has grown from a single convenience store in Poznań to a country wide network of over 5,000 stores. Zabka Polska was founded in 1998 and is based in Poznañ, Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-06 Vitalia Home

Zaragoza, Spain

Vitalia Home is a Spanish nursing home operator with around 5,750 beds across 44 homes and several new facilities currently under construction. Vitalia Home prides itself on providing excellent care to its elderly and dependent residents, using a multidisciplinary team of highly qualified professionals. Its nursing homes offer long-term, medium-term and daily stays and cater to both the private and public market. Vitalia Home was founded Zaragoza, Spain.

Buy -
SELLER

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 182 of 217
Sector (Environmental) 4 of 4
Type (Merger) 2 of 2
Country (Netherlands) 9 of 10
Year (2017) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-24 Adelie Foods Group

Slough, United Kingdom

Adelie Foods Group is a supplier of chilled Food-to-Go, offering a range of products such as sandwiches, salads, and quiche to supermarkets, coffee shops, and the foodservice sector.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-08 Groupe Viadom

Mulhouse, France

Groupe Viadom is a provider of household, gardening, beauty and well being services in the home environment. Groupe Viadom was founded in 1990 and is based in Mulhouse, France.

Sell -