CPE Capital advised on acquisition of Banksmeadow processing facility

By Jerome Doraisamy|16 October 2019

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.

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”.

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“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.”

CPE Capital advised on acquisition of Banksmeadow processing facility
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