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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).

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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    Eversheds Sutherland (Germany) Rechtsanwälte Steuerberater Solicitors Partnerschaft mbB is a partnership with limited professional liability (Partnerschaftsgesellschaft mit beschränkter Berufshaftung) under German law, with its registered seat in Munich, registered with the partnership register of the Munich District Court under PR 1947 and having its business address at Brienner Straße 12, 80333 München, Germany. Eversheds Sutherland (Germany) Rechtsanwälte Steuerberater Solicitors Partnerschaft mbB is part of a global legal practice consisting of separate and distinct legal entities that operate under the name Eversheds Sutherland and provide legal or other services to clients around the world. Each Eversheds Sutherland entity is a separate legal entity and is not responsible for the acts or omissions of, nor can bind or obligate, another Eversheds Sutherland entity. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements and operate in accordance with their locally registered names. The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the Eversheds Sutherland Entities are in a partnership or are part of a global LLP. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client.