GreenCycle’s Acquisition of Tönsmeier Group

Dechert LLP is advising the Tönsmeier Family on the sale of all of its shares in Tönsmeier Group to GreenCycle, a Schwarz Group company. Tönsmeier Group is Germany’s fifth-largest waste disposal company, based in Porta Westfalica.

The transaction is still subject to approval by antitrust authorities. The parties have agreed not to disclose the financial conditions.

The sale was preceded by a structured process initiated by the Tönsmeier family in early 2018. The process involved discussions with a number of strategic interested parties and financial investors. The market’s interest in Tönsmeier exceeded expectations.

GreenCycle provides waste disposal and recycling services for the companies of the Schwarz Group. GreenCycle’s responsibilities include collecting and recycling materials generated in the stores and logistics operations of the Lidl and Kaufland retail divisions.

Tönsmeier in 2017 had more than 3,000 employees, approximately 70 locations and turnover of about EUR 500 million, which was a 13% increase from the previous year, and is active in Germany, the Netherlands and Poland.

Noerr advised Greencycle with Florian Becker, Maurice Séché (Corporate/M&A), Agnieszka Besiekierska (TMT), Alexander Jänecke (Real Estate), Christian Mayer (Energy), Arkadiusz Ruminski (Corporate/M&A), Wolfgang Schelling (Employment), Ralph Schilha (Corporate/M&A), Tim Uschkereit (Public Law), Nikolai Warneke (Banking & Finance), Bernd Bäumer (Real Estate), Benjamin Jahn (Employment), Klaudyna Lichnowska (Banking & Finance), Maciej Gorgol (Real Estate), Marijke van der Most (Employment), Carl-Wendelin Neubert (Public Law), Pawel Radek (Employment), Susanne Rummel (Capital Markets), Hendrik Schlutt (Public Law), Bianca Sterly (Corporate/M&A), Pinar Turkac (Banking & Fiannce), Franziska Zahoranky (Real Estate).

Dechert advised the seller with Sven Schulte-Hillen (Picture), Markus J. Friedl, Frankfurt-based antitrust partner Clemens York, national tax partner Klaus D. Hahne and corporate associates Gottfried Graf von Bassewitz and Thirith von Döhren.

Brandi advised Tönsmeier with Helmut Dröge, Bernhard König (M&A), and Martin Dippel (Environmental).

Consultgollan advised Tönsmeier wiht Karin Gollan (Antitrust).

Baker Tilly advised Tönsmeier with Alexandra Sausmekat (Tax).

Involved fees earner: Karin Gollan – Consultgollan; Helmut Dröge – BRANDI Rechtsanwälte Partnerschaft mbB; Bernhard König – BRANDI Rechtsanwälte Partnerschaft mbB; Martin Dippel – BRANDI Rechtsanwälte Partnerschaft mbB; Sven Schulte-Hillen – Dechert; Markus Friedl – Dechert; Gottfried Graf von Bassewitz – Dechert; Thirith von Döhren – Dechert; Clemens York von Wartenburg – Dechert; Klaus Hahne – Dechert; Florian Becker – Noerr; Maurice Séché – Noerr; Arkadiusz Ruminski – Noerr; Ralph Schilha – Noerr; Bianca Sterly – Noerr; Agnieszka Besiekierska – Noerr; Alexander Jänecke – Noerr; Bernd Bäumer – Noerr; Maciej Gorgol – Noerr; Franziska Zahoranky – Noerr; Christian Mayer – Noerr; Wolfgang Schelling – Noerr; Benjamin Jahn – Noerr; Marijke van der Most – Noerr; Pawel Radek – Noerr; Tim Uschkereit – Noerr; Carl-Wendelin Neubert – Noerr; Hendrik Schlutt – Noerr; Nikolai Warneke – Noerr; Klaudyna Lichnowska – Noerr; Pinar Turkac – Noerr; Susanne Rummel – Noerr;

Law Firms: Consultgollan; BRANDI Rechtsanwälte Partnerschaft mbB; Dechert; Noerr;

Clients: Tönsmeier Dienstleistung GmbH & Co. KG; GreenCycle GmbH;