Pacific Avenue Capital Partners closes ESE World acquisition
The Amcor carve-out generates approximately €300 million in revenue from manufacturing mobile waste containers, collection banks, and hazardous materials containers for municipalities and businesses across Europe.
Takeaways
- ESE World is a manufacturer of waste and recycling container systems.
- Pacific Avenue Capital Partners is acquiring ESE World.
- The target serves waste management for municipalities and businesses across Europe.
Pacific Avenue Capital Partners acquired ESE World, a manufacturer of waste and recycling container systems, from packaging company Amcor, marking the firm’s third European transaction and the first from its Fund II and a dedicated European sidecar.
The company produces mobile waste containers, collection banks, hazardous materials containers, and public furnishing solutions at three facilities in Germany and France, serving municipalities and businesses across Europe.
The business generates about €300 million in revenue.
The acquisition was financed with equity from Pacific Avenue’s Fund II and sidecar and debt from General Atlantic.
Pacific Avenue plans to pursue operational improvement, geographic expansion, and add-on acquisitions for the newly independent company.
The firm was advised by Willkie Farr & Gallagher (legal M&A), McDermott Will & Emery (legal financing), Natixis Partners (debt advisory), PwC (commercial, legal, tax, HR and structuring), and Accuracy (financial).
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