KKR was also advised by Simpson Thatcher & Bartlett LLP, on the international legal aspects of the deal, and by Mallesons Stephen Jaques on the banking and finance aspects.

KKR is an active investor in the waste services and recycling industries globally, and this transaction represents its first Australian deal in any industry and its third major investment in the Asia Pacific region during the past 12 months. In the past 30 years, KKR has invested in more than 141 transactions with a total value of US$195 ($267) billion.

Gilbert + Tobin advised KKR domestically, managing key aspects of the Australia-based deal. The Gilbert + Tobin team provided advice on the complexities of the transaction, such as foreign investment considerations, environment, intellectual property and the acquisition itself.

The firm’s lead partner on the transaction, John Williamson-Noble, said KKR put in a “very clean bid with no conditions”.

Cleanaway is Australia’s leading waste management operator, serving more than 65,000 commercial customers and 87 local councils, and Brambles Industrial Services Australia is the leading supplier of materials-handling and logistics services to the minerals, metals and coal mining sectors, operating across Australia.

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Allens Arthur Robinson acted for Brambles Industries.