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Eversheds advises the SAUR group on the acquisition of COVED by the PAPREC GROUP

  • France

    22-05-2017

    Paris, December 8, 2016 - Eversheds Paris LLP advises the SAUR group on the acquisition of one of its subsidiaries, COVED, specializing in the collection and recovery of waste and the cleaning of public spaces, by PAPREC group.

    The acquisition is expected to happen in the spring of 2017 after obtaining authorizations from the Competition Authorities. It will allow the creation of a national leader of the collection, recycling and recycling of waste. The group will have a turnover of more than 1.3 billion euros and 8,000 employees. 

    On this transaction, Eversheds was the legal counsel of the SAUR group, whose team was led by partner Franck Bourgeois, counsel Fabrice Martinez-Tournalia, and Charles Bresson.

    PAPREC was represented by Weil, Gotshal & Manges, whose team was led by partner Frédéric Cazals and associate Mathilde Descotes.

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