Global law firm Ashurst Perkins Coie is advising Cleanaway Waste Management Limited (Cleanaway) on its proposed acquisition by EQT Infrastructure (EQT).
Cleanaway and EQT have entered into a scheme implementation deed pursuant to which EQT will acquire 100% of the issued shares in Cleanaway by scheme of arrangement. The transaction implies an enterprise value for Cleanaway of approximately A$9.3 billion.
Cleanaway is Australia’s largest publicly listed waste management company. It operates a national network of waste infrastructure across more than 350 locations and 135 licensed facilities.
EQT is a global private markets firm with funds covering infrastructure, real estate and private equity.
The scheme is expected to be implemented by the end of March 2027, subject to customary conditions.
Neil Pathak, head of Ashurst Perkins Coie in Australia and co-head of M&A (Australia), said:
“Ashurst Perkins Coie is delighted to be supporting our long-term client Cleanaway on this landmark transaction which will deliver a strong outcome to Cleanaway shareholders at a significant premium to its share price prior to the transaction. Our involvement in this deal, and other recent high profile transactions, demonstrates the strength of our M&A team”.
The Ashurst Perkins Coie team was led by partners Neil Pathak and Susannah Macknay, who were assisted by: senior associate John McMeniman and lawyers Nelson Wade and Irabaan Majumdar (Corporate Transactions); partner Alyssa Phillips and senior associate Matthew Harper (Antitrust & Competition); partners Sanjay Wavde, Elke Bremner, and Ian Kellock, consultant Paul Glover, senior associate James Sainty, and lawyers James Zhou and Emma Stenhouse (Tax); partner Tino Duttine (Tax, Frankfurt); partner Campbell Johnston and lawyer Claudia Lang (Global Loans & Global Markets); partner Rebecca Dixon (Projects, Energy, Environment & Resources); partner Fred Prickett and senior associates Peter Sise, Tate du Plessis and Luke Moran (Complex Litigation); partner Paul Witte (Corporate Transactions, Frankfurt) and lawyer Zoya Kovacs (Real Estate).
