Haikiplus Acquires Waste Management Divisions from Treee Group
Deal News | Dec 05, 2024 | Legal Community Italy
Haikiplus, a company under the Innovatec Group, has successfully acquired certain divisions of the Treee Group, involving the management, recovery, and transportation of Waste Electrical and Electronic Equipment (WEEE). The acquisition involved the companies Treee, Treee Logistics, and Vallone, which have been supported by the law firm BonelliErede. Dentons, the legal advisor for Haikiplus, played a pivotal role in this transaction, ensuring a smooth acquisition process that was part of a negotiated settlement under Italy's corporate crisis legal framework. The acquisition was realized through Haiki Electrics and Ultralog, the subsidiaries of Haikiplus, which took over the business units dedicated to WEEE disposal and logistics, along with assets including equipment, personnel, contracts, and treatment facilities spread across various Italian locations. The transaction highlights Haikiplus' expanding role in the circular economy and environmental management sector.
Sectors
- Waste Management
- Legal Services
Geography
- Italy – The article centers around companies and legal proceedings within Italy, mentioning locations such as Venice, Foss, Livorno, Montalto di Castro, Anagni, and Rho.
Industry
- Waste Management – The article involves the acquisition of business units focused on Waste Electrical and Electronic Equipment (WEEE) management and logistics by Haikiplus.
- Legal Services – The involvement of law firms Dentons and BonelliErede in the negotiation and completion of the crisis resolution process categorizes this as a legal services-related article.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Haikiplus | Acquiring Company | Company | A subsidiary of Innovatec Group, focusing on the environment and circular economy. |
| Innovatec | Parent Company | Company | The parent company of Haikiplus, listed as a quoted company and operating in environmental sectors. |
| Treee | Target Company | Company | Part of the Treee Group, involved in WEEE disposal, recovery, and logistics. |
| Treee Logistics | Target Company | Company | Handles logistics activities for WEEE for the Treee Group. |
| Vallone | Target Company | Company | Involved in WEEE disposal and logistics under the Treee Group. |
| Dentons | Legal Advisor | Company | Advised Haikiplus in the acquisition process. |
| BonelliErede | Legal Advisor | Company | Advised Treee Group in the acquisition process, specializing in corporate crisis and debt restructuring. |