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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.
Jerome Doraisamy
Source: vesselfinder.com/ports/BOTANY-BAY-AUSTRALIA-656
Firm: Gilbert + Tobin (CPE Capital).
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.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
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