Itelyum Expands into Ex-Yu Region with Acquisition of Jakob Becker
Deal News | Dec 17, 2024 | CEE Legal Matters
Itelyum, a major European Circular Economy group specializing in the recycling of hazardous waste, has made a strategic acquisition aimed at expanding its presence in the Ex-Yu region. The deal involves the full acquisition of Serbia-based Jakob Becker, a company known for its expertise in handling both hazardous and non-hazardous waste. Alongside this, Itelyum has also secured 100% of the shares of Jakob Becker Croatia, marking a significant expansion of its operations in the Southeast European market. The acquisition signifies Itelyum's commitment to growing its waste management capabilities and solidifying its footprint in new geographical territories. Legal advisory firm MMD Advokati played a crucial role in facilitating this transaction, with its team led by Partners Veljko Dostanic and Rastko Malisic.
Sectors
- Waste Management
- Circular Economy
- Legal Advisory
Geography
- Serbia – The target company Jakob Becker is based in Serbia, which is one of the key locations involved in the acquisition.
- Croatia – Alongside Serbia, Itelyum acquired Jakob Becker's Croatian operations, making Croatia a significant location in the transaction.
- Italy – Itelyum is a European company, likely headquartered in Italy, which is relevant in understanding the acquirer's geographic background.
Industry
- Waste Management – The article involves companies that are engaged in the collection, transport, and recycling of hazardous and non-hazardous waste, making Waste Management the relevant industry classification.
- Circular Economy – Itelyum specializes in the Circular Economy, focusing on recycling and sustainability practices.
- Legal Advisory – MMD Advokati provided legal advisory services for the acquisition, playing a critical role in the transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Itelyum | Bidding Company | Company | A European Circular Economy group focusing on recycling complex streams of hazardous waste, and the acquirer in the transaction. |
| Jakob Becker | Target Company | Company | A Serbia-based company specializing in the collection, transport, and storage of hazardous and non-hazardous waste. |
| MMD Advokati | Legal Advisor | Company | The legal advisory firm that assisted Itelyum in the acquisition, featuring partners Veljko Dostanic and Rastko Malisic. |