Hartwall Capital acquires SUEZ Finland waste management operations


Hartwall Capital Oy Ab has signed an agreement with SUEZ Recycling AB to acquire SUEZ Suomi Oy, comprising the Finnish operations of SUEZ Group.

The Company has been operating in Finland since 1964, and has been part of the SUEZ Group since 1998. With revenues of EUR 71 million in 2015 and approximately 300 employees, SUEZ Finland is one of the leading waste management companies in Finland. Through its nationwide network, a fleet of over 200 vehicles and eight own treatment facilities, the company provides a comprehensive waste management offering for commercial customers, as well as municipalities and households. In addition to waste collection services, the company offers pre-treatment services for a number of waste fractions, including e.g. cardboard, paper, construction and demolition waste. The treated waste fractions are utilized as secondary raw materials, as a source of energy, or delivered to appropriate end treatment.

The transaction is expected to close by the end of the year. The parties have agreed not to disclose the terms of the transaction. The name and brand of SUEZ Finland will be changed during 2017 as the company separates from the parent group, the new name will be announced in the first half of 2017. The transaction has no direct impact on the operations of the company which will continue as before. The contact details and customer service contacts for the company will remain unchanged.

Hartwall Capital is a Finnish family-owned investment company, who makes direct equity investments in selected listed and non-listed companies. Hartwall Capital aims to create value in the companies it invests in through active ownership and by supporting the growth plans of the companies. Hartwall Capital controls a portfolio of investments valued at over EUR 700 million, with direct equity investments in eight companies.

EY Corporate Finance, Hannes Snellman, Deloitte and Vahanen have acted as advisers to Hartwall Capital in connection with the transaction, financing is being arranged by Nordea.

Jones Day advised Suez SA in connection with the sale of its Finnish recycling business with a team led by Luc Houben and Charlotte Breuvart.

Hannes Snellman advised Hartwall Capital Oy Ab in its acquisition with a team composed by Sten Olsson, Markus Bremer, Johanna Haltia-Tapio, Klaus Metsä-Simola, Jesper Kostiainen, Antti Alanko, Erkko Korhonen, Ville Kivikoski and Suvi-Tuuli Saarnio.

Involved fees earner: Sten Olsson – Hannes Snellman; Ville Kivikoski – Hannes Snellman; Jesper Kostiainen – Hannes Snellman; Markus Bremer – Hannes Snellman; Antti Alanko – Hannes Snellman; Johanna Haltia-Tapio – Hannes Snellman; Klaus Metsä-Simola – Hannes Snellman; Erkko Korhonen – Hannes Snellman; Suvi-Tuuli Saarnio – Hannes Snellman; Luc Houben – Jones Day; Charlotte Breuvart – Jones Day;

Law Firms: Hannes Snellman; Jones Day;

Clients: Suez Environnement; Hartwall Capital Oy Ab;

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