Announced
Financials
Tags
Private
Waste and Disposal Services
Acquisition
New Zealand
Friendly
Cross Border
Majority
waste management
Private Equity
Pending
Single Bidder
Synopsis
Igneo Infrastructure Partners, an investment firm, agreed to acquire Waste Management NZ, a waste management provider, from Beijing Capital Group, a real estate enterprise, for $1.3bn. “We believe Waste Management NZ is playing an important role in the transition to a circular economy with the progressive electrification of its collection fleet, the breadth of its resource recovery capabilities and the high level of gas capture in its landfills; the source of which is used to generate electricity for over 24k homes,” Gavin Kerr, Igneo Head of Transactions for Australia & New Zealand.
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