Alantra advised Netherlands-based Waterland Private Equity Investments (Waterland) on the refinancing of Ballast Phoenix to support its acquisition of the business from H2 Equity Partners in June and its ongoing growth
Alantra has advised Netherlands-based Waterland Private Equity Investments (Waterland) on the refinancing of Ballast Phoenix to support its acquisition of the business from H2 Equity Partners in June and its ongoing growth.
Ballast Phoenix, based in Bourne, Lincolnshire, processes and recycles the ashes and metals produced by Energy from Waste (EfW) plants during the incineration process. It creates sustainable aggregates and recycled metals, thus avoiding any requirement for the use of landfill.
The business has seen significant growth during the last 12 months, having secured a number of new long-term contracts the company will expand the number of recycling and ash processing plants from 8 to 12 in the next 12 months. The business has embarked on the largest capital expenditure programme in its history and secured its position as the market and sustainable technology leader in the UK market.
Waterland has deep expertise in the waste sector. In addition to the acquisition of Ballast Phoenix, it also acquired Dutch firm Inashco in June 2015. Waterland is also the owner of Attero NV, one of the leading EfW and recycling businesses in the Netherlands.
Jun 2020Sell-side advisoryValue +€100 millionJun 2020SECTOR IndustrialsService M&AValue +€100 million
Feb 2020Debt refinancingFeb 2020SECTOR IndustrialsService Debt Advisory; M&A
Dec 2019Buy-side advisoryDec 2019SECTOR Industrials
Dec 2019Sell-side advisoryDec 2019SECTOR IndustrialsService M&A