M&A Deal Summary

Veolia Environnement Acquires SULO Group

On April 27, 2007, Veolia Environnement acquired environmental company SULO Group from Apax, The Blackstone Group and Archer Capital Pty for 1.5B EUR

Acquisition Highlights
  • This is Veolia Environnement’s 1st transaction in the Environmental sector.
  • This is Veolia Environnement’s 0th largest (disclosed) transaction.
  • This is Veolia Environnement’s 1st transaction in Australia.

M&A Deal Summary

Date 2007-04-27
Target SULO Group
Sector Environmental
Buyer(s) Veolia Environnement
Sellers(s) Apax
The Blackstone Group
Archer Capital Pty
Deal Type Add-on Acquisition
Deal Value 1.5B EUR

Target

SULO Group

Australia
website
SULO was the second largest waste collection service provider in Germany.

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Buyer(S) 1

Buyer

Veolia Environnement

Aubervilliers, France

website


Category Company
Founded 1853
Sector Consumer Services
Employees171,450
Revenue 42.9B EUR (2022)
DESCRIPTION

Veolia Environnement Industrial Services has been providing industrial cleaning, mechanical and maintenance services and environmental waste management solutions. Our staff of 4,200 work to provide solutions to the refining, chemical, power, metal, auto, paper industries and municipal sectors in over 70 locations across the US and Canada. Veolia Environnement was founded in 1853 and is based in Aubervilliers, France.


DEAL STATS #
Overall 2 of 15
Sector (Environmental) 1 of 7
Type (Add-on Acquisition) 1 of 10
Country (Australia) 1 of 2
Year (2007) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-30 Culligan

Rosemont, Illinois, United States

Culligan offers water softeners, filtration systems, industrial water treatment solutions, and drinking water systems. Culligan was founded in 1936 and is based in Rosemont, Illinois.

Sell $610M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-19 Bartin Recycling Group

La Courneuve, France

The Bartin Recycling Group specializes in the collection and recycling of industrial waste, in particular ferrous and non-ferrous metals.

Buy -

Seller(S) 3

SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from €1 to €5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 26 of 164
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 10 of 57
Country (Australia) 1 of 1
Year (2007) 10 of 17
Size (of disclosed) 12 of 49
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-27 Versatel AG

Berlin, Germany

Versatel AG is a provider of infrastructure based telecommunications services in the German market.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-06 Vueling Airlines SA

Barcelona, Spain

Vueling Airlines SA is a Spanish passenger airline serving Europe.

Sell -
SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 36 of 171
Sector (Environmental) 2 of 2
Type (Add-on Acquisition) 13 of 66
Country (Australia) 1 of 3
Year (2007) 3 of 7
Size (of disclosed) 25 of 56
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-18 Extended Stay America

Charlotte, North Carolina, United States

Extended Stay America is an operator of moderate-price extended-stay hotels in North America, with 600+ hotels and approximately 76,000 rooms located in 44 states and Canada. The Company currently operates under five brands in the extended-stay segment: Extended Stay Deluxe, Extended Stay America, Homestead Studio Suites, StudioPlus and Crossland. Extended Stay America is headquartered in Charlotte, North Carolina.

Sell $8.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-03 Klockner Pentaplast

Heiligenroth, Germany

Klockner Pentaplast is a producer of films for pharmaceutical, medical device, food, electronics, and general-purpose thermoform packaging, as well as printing and specialty applications. Klockner Pentaplast was founded in 1965 and is based in Heiligenroth, Germany.

Buy $1.8B
SELLER

Archer Capital Pty

Dawes Point, Australia

website


Category Private Equity Firm
Founded 1997
PE ASSETS 2.5B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Archer Capital is an independent private equity firm that targets buyout opportunities in Australia and New Zealand. Archer looks for growth companies with strong market positions. Archer prefers majority investment positions. The Firm will not invest in real estate or businesses with unproven technology. Archer Capital was formed in 1997 and is based in Dawes Point, Australia.


DEAL STATS #
Overall 8 of 27
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 2 of 14
Country (Australia) 6 of 23
Year (2007) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 SCF Group

Marleston, Australia

SCF Group is an Australia’s specialised container lesser to the transport industry and a supplier of container equipment to both corporate and retail customers. SCF Group was founded in 1991 and is based in Marleston, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 Cellarmasters Group

Surry Hills NSW, Australia

Cellarmasters Group comprises five integrated businesses: two leading direct marketing wine club businesses – Cellarmasters in Australia and New Zealand Wine Cellars in New Zealand; an integrated Barossa-based winery, Dorrien Estate; Australia’s largest independent wine bottling operation, Vinpac International, based in the Barossa and the McLaren Vale; and Carters & Assoc., a wine and dry goods distributor in New Zealand.

Buy -