Investment Summary

Rockwood Private Equity Exits EnviroServ

On June 9, 2022, Suez invested in environmental company EnviroServ from Rockwood Private Equity

Investment Highlights
  • This is Suez’s 4th transaction in the Environmental sector.
  • This is Suez’s 1st transaction in South Africa.

Investment Summary

Date 2022-06-09
Target EnviroServ
Sector Environmental
Investor(s) Suez
Sellers(s) Rockwood Private Equity
Deal Type Add-on Acquisition

Target

EnviroServ

Germiston, South Africa
EnviroServ provides its customers with total service solutions and environmental peace of mind, whilst raising the standards in environmental stewardship. EnviroServ was founded in 1945 and is based in Germiston, South Africa.

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Investor(S) 1

Investor

Suez

Paris, France

Category Company
Founded 1869
Sector Utilities
Revenue 17.2B EUR (2020)
DESCRIPTION

Suez Environment supplies drinking water, provides waste water treatment services and collects the waste produced by more than 52 million people. Suez was founded in 1869 and is based in Paris, France.


DEAL STATS #
Overall 10 of 13
Sector: Environmental M&A 4 of 7
Type: Add-on Acquisition M&A Deals 8 of 11
Country: South Africa M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 New Suez

Paris, France

New Suez includes Suez's Water and Recycling & Recovery activities in France, international assets in Italy, Central Europe, Africa including Morocco, Central Asia, India, China and Australia, as well as global digital and environmental activities,

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-08 Anaerobic Power Biogas Benesov

Neveklov, Czech Republic

Anaerobic Power Biogas Benesov treats biowaste from households, the food processing industry and supermarkets and restaurants in Prague and its suburbs, converting it into biogas, using an anaerobic digestion process (degradation of the organic matter by micro-organisms in a closed oxygen-free environment). The biogas is then converted into electricity, which is fed into the Czech national grid. Anaerobic Power Biogas Benesov was formed in 2009 and is based in , Neveklov

Buy -

Seller(S) 1

DESCRIPTION

Rockwood Private Equity is a lower middle-market private equity firm that seeks to invest in profitable, mid-sized companies operating in South Africa and neighboring sub-Saharan Africa. Rockwood will consider both controlling and minority equity positions and typically looks to invests R300 million – R1 billion, with a preferred investment size of R750 million. Sectors of interest include manufacturing, business services, and waste management. Rockwood will not invest in primary agriculture, real estate, armaments, tobacco, and mining. Prospective transaction types include MBOs, MBIs, LBOs, carve-outs, secondary buy-outs, take privates, recapitalizations, and growth capital financings. Rockwood Private Equity is based in Gauteng, South Africa


DEAL STATS #
Overall 3 of 3
Sector: Environmental M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: South Africa M&A 3 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-19 Tsebo

Johannesburg, South Africa

Tsebo is an African Integrated Workplace Management Solutions Provider that offers clients reduced costs, risks, and complexities together with increased quality, efficiency, and productivity. Tsebo was founded in 1971 and is based in Johannesburg, South Africa.

Sell R5.3B