International law firm Freshfields Bruckhaus Deringer has advised private equity investor Triton Partners on the acquisition of leading European recycling specialist Befesa from the Spanish listed energy and environment technology company Abengoa. The value of the deal, including debt taken over by Triton, is €1,075 billion. The completion of the deal is subject to customary regulatory approvals and expected during mid July.
Befesa is an international company with more than 2,000 professionals that specialises in the integral management of industrial waste. The firm has operations in Germany, Spain, United Kingdom, France, Sweden, Turkey and South Korea, as well as Chile, Argentina and Peru. Befesa is a European market leader in the steel dust and salt slags recycling sectors.
Founded in 1997, the Triton funds invest in medium-sized businesses in the Industrial, Business Services, and Consumer/Health sectors based in Central and Northern Europe.
The Freshfields team advising on the transaction was led by corporate partners Anselm Raddatz and Christoph Nawroth.
