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Reconomy enters international market by acquiring German Noventiz Group with Eversheds Sutherland

  • Germany

    10-12-2020

    Eversheds Sutherland has advised Reconomy, the UK’s leading provider of outsourced waste management and environmental compliance services, on the acquisition of the German waste management service provider Noventiz Group. The seller is the German PE house SEAFORT Advisors.

    The deal marks an important milestone in Reconomy’s strategic plan, as the first overseas acquisition made by the group. It is a key development towards the group’s ultimate ambition of being the leading global provider of services to the circular economy.

    Reconomy is the UK environmental sector’s leading outsourced waste and resource service provider with an all-encompassing waste management service that looks to enhance the environmental and financial performance of its customers.

    Based in Cologne and founded in 2007, Noventiz provides innovative packaging compliance services for commercial customers in Germany. Noventiz delivers tailored solutions on waste and packaging disposal, whether sales packaging, transport packaging, waste electrical and electronic equipment or batteries.

    Reconomy was represented by an Eversheds Sutherland team around Munich Principal Associate Anthony Cross together with Partners Nigel Cooke (both corporate/M&A), Manuela Rauch (employment and labour law), Martin Bechtold (antitrust, both Munich) and Simon Weppner (tax, Dusseldorf), Counsel Carsten Eichler and Associates Annekathrin Hoffmann (both regulatory), Ulrich Schiener, Luise Paulsen (both corporate/M&A), Johannes Oehlschläger (employment and labour law), Jannick Thonemann (IT and data protection), Carolin Obermaier (commercial), Benedikt Pittana, Philipp Hanekamp (regulatory, all Munich), Hizir Aydogdu (real estate) and Niklas Schilawa (tax, both Dusseldorf).

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