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CVC, KKR to acquire Van Gansewinkel23/01/2007. Source: AltAssets. 
 CVC Capital Partners and Kohlberg Kravis Roberts & Co. have agreed to acquire all of the outstanding share capital of the European waste service provider Van Gansewinkel Groep. The consortium has announced that it will combine Van Gansewinkel with AVR, a company that the two buy-out giants acquired less than a year ago from the Municipality of Rotterdam. AVR is a specialist in the collection of domestic waste.
Van Gansewinkel has a total 2006 turnover of more than €600m and around 4,000 employees, according to a statement. The company's main areas of activity are waste collection, (pre)treatment, and recycling of waste and material flows.
KKR partner Reinhard Gorenflos said, 'This acquisition demonstrates once again our commitment to back talented management teams to help them achieve their ambitions. We have delivered on our promise to grow AVR as a business and will continue to work side by side with the managers of the combined group in their quest to become a leading European waste management company.'
Hugo van Berckel, senior managing director, CVC, added, 'Van Gansewinkel and AVR are world-class companies and the combination will enhance their offering to their customers, while solidifying their position as a Netherlands-based European leader in waste management. CVC intends to continue supporting the combined business' further growth, both organically and through acquisitions.'
Copyright © 2007 AltAssets
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