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MEDIA RELEASE
9 June 2022
RMB advises on EnviroServ sale to consortium
RMB is proud to be serving as co-financial adviser to EnviroServ and its private equity shareholders, led by Rockwood Private Equity (Rockwood), on the disposal of 100% of their interest in EnviroServ.
The buyers are a consortium comprised of SUEZ SA, Royal Bafokeng Holdings (Pty) Limited (RBH) and African Infrastructure Investment Managers (AIIM).
Krishna Nagar, Co-head of Corporate Finance at RMB says: “We are proud to have played an ongoing role in facilitating this significant foreign-led transaction in the African waste management sector. The transaction is one of the largest private equity deals announced in the current year.”
EnviroServ is the largest private waste management business operating in sub-Saharan Africa. The business collects, analyses, treats, and disposes of hazardous & general waste to treatment and disposal sites. It owns and operates treatment and disposal sites in South Africa, Mozambique and Uganda.
Rockwood is a leading South African private equity fund manager which focuses on taking substantial equity positions in medium to large sized companies that have experienced management teams.
SUEZ, a French company, is a world leader in water, waste and more generally the sustainable management of resources with operations in Europe, Asia, and the Middle East. RBH is a South African community investment company responsible for the management and development of the commercial assets of the Royal Bafokeng Nation. AIIM is among the pre-eminent managers of private sector investments in African infrastructure assets with a current portfolio of over $2.4 billion in Africa.
Nagar adds: “RMB provided sell-side advisory expertise to jointly deliver an excellent outcome for our clients, together with our co-advisory partners, Quercus Corporate Finance. We were collectively able to actively use our strategic global and local relationships, knowledge and understanding of these processes to bring together the consortium and deliver that outcome.”
Ends
Contact:
Kate Kelly l RMB ; kate.kelly@rmb.co.za
