SUEZ, a world leader in circular economy solutions for water and waste, has finalized agreements to acquire a majority stake in the Ecosistem group, which operates in the treatment and recycling of hazardous and non-hazardous waste.
SUEZ, a world leader in circular economy solutions for water and waste, has finalized agreements to acquire a majority stake in the Ecosistem group, which operates in the treatment and recycling of hazardous and non-hazardous waste.
The transaction is part of SUEZ's development plan in the industrial waste treatment and recycling sector in Italy, aimed at pursuing the Group's objective of supporting its customers' ecological transition with circular solutions.
The transaction is subject, among other things, to obtaining antitrust and golden power approvals.
PedersoliGattai assisted SUEZ in the transaction with a team led and coordinated by partners Carla Mambretti (pictured) and Sebastiano Cassani (pictured) and composed of senior associates Federico Montorsi and Giulia Fioramonti and associate Arrigo Gattai for all corporate M&A aspects. Senior counsel Micaela Tinti and senior associate Donatella di Gregorio handled all environmental and administrative law aspects, while senior associate Matteo Montorsi and associate Elisa Taglietti handled criminal law aspects. Senior counsel Nicola Martegani and senior associate Clara Balboni handled all due diligence aspects, coordinating a multidisciplinary team of professionals.
SUEZ was also assisted by Gian Filippo Schiaffino, founding partner of AMTF Avvocati, in relation to certain preliminary due diligence investigations.
The sellers were assisted in the transaction by Orrick with a multidisciplinary team composed of partner Fabio Fauceglia (pictured), senior associate Eugenio Zupo, managing associate Giuseppe Fichera, associate Riccardo Galet, and trainee Guido Laroma Jezzi for all corporate M&A aspects, while administrative and criminal law matters were handled by partner Mariangela Di Giandomenico, partner Jean-Paule Castagno, and special counsel Andrea Alfonso Stigliano, respectively.
Subject to obtaining authorizations from the relevant authorities, the closing of the transaction is expected in the first half of 2025.
Source: NT+ LAW
