Beauparc receiving takeover offers from Blackstone

The largest waste company in Ireland, Beauparc, has attracted takeover approaches from dozens of private equity firms after its minority shareholder, Blackstone, set about putting its stake on the market late last year.

The approaches may result in an outright purchase of the owner of the Panda and Greenstar waste firms for as much as €1 billion, sources said.

This transaction follows other PE-deals in the waste management field. British water utility Pennon Group Plc sold its waste and recycling business, Viridor, to US private equity group KKR & Co. Inc. last March for €4.7 billion at a robust valuation of 18.5 times EBITDA.

The latest set of financial results for Beauparc Utilities, the main operating company, show that its pretax profit rose to €28.1 million in 2019 from €18.7 million for the previous year, as revenues soared 40 per cent to €508.4 million.

The company spent €19.1 million on acquisitions during the year and declared dividends of €60.5 million.

Cellnex acquires Hutchison assets in Austria, Denmark and Ireland

Cellnex Telecom has announced that it has closed the acquisition of CK Hutchison Holdings Ltd’s telecommunications tower assets in Austria, Denmark, and Ireland. The total value of the operation is €10 billion and the agreements also cover the roll-out of up to 5,250 new sites over the next eight years, with an additional investment of €1.4 billion.

In terms of sales, group turnover will increase from €1.2 billion to €3.8 billion once all planned roll-outs are complete. Estimated additional EBITDA will be around €970 million, while free and recurring cash flow will grow by around €620 million.

Cellnex Telecom is Europe’s leading operator of wireless telecommunications and broadcasting infrastructures with a portfolio of c.70,000 sites including forecast roll-outs up to 2028. Cellnex operates in Spain, Italy, Netherlands, France, Switzerland, the UK, Ireland, Portugal, Austria and Denmark.