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CPE Capital advised on acquisition of Banksmeadow processing facility

CPE Capital has made its first investment in the recycling and waste management industry, acquiring an 8,200-square metre site near Port Botany for approximately $50 million.

October 17, 2019 By Jerome Doraisamy
Port Botany

Source: vesselfinder.com/ports/BOTANY-BAY-AUSTRALIA-656

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Firm: Gilbert + Tobin (CPE Capital).

Deal: G+T has advised CPE Capital on its acquisition of the Banksmeadow processing facility, an 8,200-square metre site near Port Botany, from ASX-listed Bingo Industries Limited for approximately $50 million.

Area: Corporate advisory.

Value: Approximately $50 million.

Key players: The G+T team was led by partner Alastair Corrigall, who was supported by partners Tim Gole, Ben Fuller and lawyer Jill Cooper.

Deal significance: Reflecting on the transaction, Mr Corrigall said: “We were delighted to assist our long-term client CPE Capital in its first investment in the recycling and waste management industry”.

“The divestment of the Banksmeadow facility was required by the Australian Competition and Consumer Commission in connection with Bingo’s $578 million acquisition of the Dial A Dump business last year,” G+T said in a statement.

“CPE Capital succeeded in negotiating the acquisition in a competitive process, including navigating the regulatory requirements imposed by the ACCC.”

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Jerome Doraisamy

Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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