Paul Hastings Advises on Apollo and BC Partners' CA$8 Billion Deal
Deal News | Jan 07, 2025 | Paul Hastings
Paul Hastings LLP advised the financing sources involved in the CA$8 billion acquisition of the Environmental Services business of GFL Environmental Inc. by Apollo and BC Partners. GFL Environmental, a leading Canadian waste management company, will integrate its environmental operations under the strategic guidance of Apollo and BC Partners. This acquisition underscores a significant move within the environmental services sector, highlighting the investment appetite of private equity giants in sustainable and essential service providers. Paul Hastings' involvement was spearheaded by prominent figures in global finance, including Josh Zelig, Marc Lashbrook, and David Barash, along with their global finance co-chairs, John Cobb and Jennifer Yount. The firm remains a top advisor in global finance, mergers & acquisitions, and financial restructuring, offering its expertise to leading investment banks and asset managers worldwide.
Sectors
- Waste Management
- Private Equity
- Legal Services
Geography
- Canada – GFL Environmental Inc. is a Canadian company, making Canada the focal point of the acquisition.
Industry
- Waste Management – The industry is relevant as the acquisition involves the Environmental Services business of GFL Environmental Inc., a leading Canadian waste management company.
- Private Equity – The involvement of PE firms Apollo and BC Partners in the acquisition highlights this sector's focus on strategic investments in sustainable industries.
- Legal Services – Paul Hastings LLP, a law firm advising on the financing aspects of the acquisition, exemplifies the role of legal services in large transactions.
Financials
- CA$8 billion – Valuation of the acquisition for GFL Environmental Inc.'s Environmental Services business.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Paul Hastings LLP | Legal Advisor | Company | A premier law firm advising on the financing sources for the acquisition. |
| Apollo Global Management | Private Equity Firm (Buyer) | Company | One of the leading PE firms buying GFL Environmental's business unit. |
| BC Partners | Private Equity Firm (Buyer) | Company | A PE firm collaborating with Apollo to acquire GFL Environmental's business unit. |
| GFL Environmental Inc. | Target Company | Company | A Canadian waste management company being acquired. |