We are pleased to inform that the Grant Thornton transaction team has successfully completed another M&A transaction! This time our lawyers supported the Piła Commune in the process of sale of shares in the company ALTVATER PIŁA Sp. z o.o. to ENERIS SUROWCE S.A.
Legal advisory of Grant Thornton experts included development of complete transaction documentation and support of the commune representatives in negotiations with the investor. Hand in hand with the lawyers, the transaction was handled by our team of financial specialists who carried out the valuation of the sold shares.
| Subject of the transaction | Sale of 37,147 shares in the share capital of the company under the name: ALTVATER PIŁA Sp. z o. o. |
| Investor | ENERIS SUROWCE S.A. |
| Seller | Piła Commune |
| Industry | Waste management |
| Transaction value | PLN 43,000,000 |
| Grant Thornton’s role | Valuation of the shares and legal advisory in the transaction for the Seller |
ALTVATER PIŁA Sp. z o.o. with its registered office in Piła is the biggest recipient of municipal waste in northern Great Poland voivodeship, serving over 200,000 residents from almost thirty communes. The company also provides services of collection and management of industrial and hazardous waste from production companies.
ENERIS SUROWCE S.A. with its registered office in Kielce offers comprehensive solutions for local governments and business in the field of environmental protection, municipal and raw material management and generation of energy from renewable sources. Providing a wide range of services, the company puts a strong emphasis on environmental activities.
The transaction is a part of the development strategy of the capital group comprising ALTVATER PIŁA and the investor. For the Piła Commune, the sale of shares means an increase in the pool of financial resources allocated to the execution of public goals and satisfying the needs of its residents. We are all the more pleased with the success of this project and the full satisfaction of the Client with our services.
