CPE Capital makes $50m investment with G+T's advice

The deal is the company’s first investment in the waste-management industry

CPE Capital makes $50m investment with G+T's advice

CPE Capital has made its first investment in the recycling and waste-management sector with help from Gilbert + Tobin (G+T).

The Banksmeadow processing facility was acquired earlier this month by funds advised by CPE Capital, formerly known as CHAMP Private Equity. The facility is an 8200sqm site near Port Botany.

CPE funds bought the waste-management facility from Bingo Industries for about $50m. The Australian Competition and Consumer Commission required the divestment of the facility to approve Bingo’s $578m acquisition of Dial-A-Dump.

G+T said that the divestment of the Banksmeadow facility follows a competitive sale process, which involved navigation of the regulatory requirements set by the ACCC.

The G+T team was headed by corporate advisory partner Alastair Corrigall. Corrigall was assisted by technology and digital partner Tim Gole, real estate and projects partner Ben Fuller and corporate advisory lawyer Jill Cooper.

Related stories

Free newsletter

Subscribe to our FREE newsletter service and we’ll keep you up-to-date with the latest breaking news, cutting edge opinion, and expert analysis affecting both your business and the industry as whole.

Please enter your email address below and click on Sign Up for daily newsletters from Australasian Lawyer.

Recent articles & video

COVID-19 and Australian courts and legal bodies updates: 1 June

KWM helps industrial chemicals manufacturer cook up $600m in capital raising under COVID-19

New Hong Kong security law an “unconscionable” threat to judicial independence, says IBA

HSF pumps up global financial services regulatory team with new partner

DLA Piper supports nickel pig iron producer on $231m equity raising effort

US Supreme Court rejects government request that keeps inmates at high risk for COVID-19

Most Read Articles

KWM's chief executive partner for Australia extends run into second term

Clayton Utz senior associate applauds greater focus on diversity and inclusion

Clayton Utz guides aerial imagery company to picture-perfect sale

G+T helps newly-listed maltster brew up first capital raising with “novel relief” from ASIC