SULO Group Continues Expansion With Acquisition of North German Henning Group
Milbank Advises SULO In Strategic Acquisition
Munich, 9 January 2007 – SULO Nord-West GmbH, an affiliate of the SULO Group, has acquired effective 1 January 2007 the North German Henning Group. The international law firm Milbank, Tweed, Hadley & McCloy LLP advised SULO Group in the transaction. The SULO Group, a portfolio company of Apax and Blackstone, is Germany’s second largest waste management company with an annual turnover of approx. 1.2 billion Euro.
The acquisition of the Henning Group, a major company for waste paper and industrial waste disposal in Northern Germany, represents a major step forward in SULO Group’s growth strategy. The purchase price has not been made public. The acquisition is still subject to cartel approval.
Milbank advised SULO in all corporate and tax law matters in the transaction. The Milbank team consisted of Munich-based partners Dr. Peter Nussbaum (corporate/M&A) and Dr. Rolf Füger (tax) as well as Munich-based associates Dr. Eva Nase, Dr. Michael Pujol (both corporate/M&A) and Dr. Thomas Kleinheisterkamp (tax).
Previously, Milbank advised the SULO Group on the acquisition of Cleanaway Germany.
About Milbank
Milbank, Tweed, Hadley & McCloy LLP is a preeminent global law firm that for more than 140 years has provided innovative legal solutions in many of the world’s largest, most complex, “first-ever” corporate transactions and litigation. Our transactional expertise includes capital markets, corporate finance and transactions, project finance, acquisition finance, and other major fields of law practice. Milbank litigation teams resolve disputes involving mergers and acquisitions, proxy battles, financings and securities offerings, intellectual property, white collar crime, and corporate restructurings, among others. Our clients range from prominent multinational financial, industrial and commercial enterprises to governments, institutions and individuals. The Firm is headquartered in New York, with offices in Los Angeles, Washington, DC, London, Frankfurt, Munich, Tokyo, Hong Kong, Singapore and Beijing.
Milbank set up its first European office in London in 1979. The firm´s German offices were opened in Frankfurt in 2001 and in Munich in 2004. Milbank´s European presence has more than doubled in the last two years with growing practices in capital markets, corporate, finance, private equity, outsourcing and litigation. By combining the skill and experience of the lawyers in Milbank´s German offices with that of the finance, corporate and tax lawyers based in other Milbank offices, in particular London and New York, Milbank Germany offers its clients fully integrated legal advice at the highest level in these core areas under German, English and US law.