Suez Acquires Majority Stake in Ecosistem with Legal Support
Deal News | Jan 28, 2025 | Legal Community Italy
Suez, a company known for its innovative solutions in the circular economy of water and waste management, has secured an agreement to purchase a majority stake in Ecosistem, a group specializing in the treatment and recycling of hazardous and non-hazardous waste. The acquisition, subject to obtaining necessary authorizations including antitrust clearance, is expected to be finalized in the first half of 2025. Suez was advised by PedersoliGattai, a law firm that assisted with corporate M&A matters and negotiations, environmental and administrative legal aspects, as well as penal law considerations. Orrick advised the sellers with a multidisciplinary team covering corporate, administrative, and criminal law aspects. The deal highlights an increasing trend where major players like Suez leverage strategic acquisitions to enhance their capabilities in sustainable and responsible business operations.
Sectors
- Environmental Services
- Legal Services
Geography
- Italy – The legal community and advisory services involved are based in Italy, and the regulatory approvals required are also anticipated from Italian authorities.
Industry
- Environmental Services – Relevant due to Suez's focus on water and waste management solutions, as well as Ecosistem's role in recycling and waste treatment.
- Legal Services – Involves multiple legal firms advising on complex M&A transactions, regulatory compliance, and corporate law.
Financials
- – No specific financial details such as deal price or valuation have been disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Suez | Bidding Company | Company | A multinational corporation specializing in circular economy solutions related to water and waste management. |
| Ecosistem | Target Company | Company | An Italian group active in the recycling and treatment of hazardous and non-hazardous waste. |
| PedersoliGattai | Legal Advisor to Bidder | Company | An Italian law firm advising Suez on corporate M&A matters as well as environmental and administrative law. |
| Orrick | Legal Advisor to Sellers | Company | A multidisciplinary law firm representing the sellers in the transaction, dealing with corporate, administrative, and penal law aspects. |
| Amtf Avvocati | Due Diligence Advisor | Company | Provided assistance to Suez for preliminary investigations of due diligence through its founding partner, Gian Filippo Schiaffino. |