Eversheds Sutherland has advised Reconomy Group, the UK’s leading provider of outsourced resource management and environmental services, on the acquisition of Reverse Logistics Group (RLG). A cross-border Eversheds Sutherland team advised on all legal aspects of the purchase as well as the acquisition financing.
This transaction will contribute to Reconomy’s long-term aim of becoming a global leader in tech-enabled services whilst creating a leading global presence and adding a new capability in reverse logistics.
Reconomy is the UK’s market-leading provider of outsourced environmental services including recycling, waste and resource management principally operating across five key sectors: commercial construction, housebuilding, infrastructure, business and industry, and compliance. The company is owned by London-based private equity group EMK Capital since 2017.
RLG, headquartered in Dornach, Germany, is a leading tech-enabled provider of end-to-end solutions for returns management and environmental compliance, helping its blue-chip customer base to deal with increasing environmental, regulatory and logistical demands. RLG is present in over 80 countries worldwide with a 2020 turnover of more than € 150 million.
Reconomy was represented by an international Eversheds Sutherland team, with the M&A transaction led by Munich-based Anthony Cross and UK-based Nigel Cooke (both corporate/M&A) and the acquisition financing led by Munich-based Carolin Glänzel and UK-based Patrick Davis (both Banking).
The broader team included Simon Weppner and Niklas Schilawa (Tax), Manuela Rauch (Employment), Martin Bechtold (Regulatory & Competition) and Luise Paulsen (Corporate/M&A).
Eversheds Sutherland regularly advises Reconomy in M&A transactions, recently on the acquisition of German waste management service provider Noventiz Group from German PE house SEAFORT Advisors.
