Clifford Chance Advised SCF Partners, Viburnum Funds And Other Shareholders On AU$377 Million Sale Of Contract Resources To Cleanaway Waste Management
Clifford Chance advised SCF Partners, Viburnum Funds and other shareholders on AU$377 million sale of Contract Resources to Cleanaway Waste Management
Clifford Chance advised SCF Partners (Houston), Viburnum Funds (Perth), and other shareholders on the sale of Contract Resources to Cleanaway Waste Management, for an enterprise value of AU$377 million.
Contract Resources, a specialist in critical path maintenance services for the energy sector, operates across Australia, New Zealand, and the Middle East. Cleanaway is one of Australia’s largest waste management companies, employing over 7,900 staff across 330 locations.
The transaction is subject to ACCC approval and other customary conditions precedent.
Lead partner Jacob Kahwaji said, "It has been a pleasure working alongside Houston-based SCF Partners, Perth-based Viburnum Funds and the Contract Resources team to bring this milestone cross-border transaction to fruition, and we look forward to seeing Contract Resources go from strength to strength under Cleanaway's ownership. Our team continues to be at the forefront of international M&A in the energy and infrastructure sectors, and this transaction showcases our global coverage and expertise in this space."
The Clifford Chance team was led by Jacob Kahwaji (Partner), with support in Australia from Sarah Jenkins (Senior Associate), Jack Corcoran (Senior Associate), and Henry Garing (Associate). Antitrust advice was provided by Mark Grime (Counsel) and Sam Frouhar (Senior Associate).
On Middle East aspects, support was provided by Jason Mendens (Partner, UAE), Callum Gribbin (Senior Associate), and Stavros Paterakis (Associate).
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