Stirling Square Capital Partners sells ESE World to RPC Group
LONDON, 15 December 2016 – Stirling Square Capital Partners (“Stirling Square”), a leading pan-European mid-market private equity firm, today announces that it has signed an agreement to sell ESE World B.V. (“ESE” or “the Company”), Europe’s largest pure play temporary waste storage solutions provider, to RPC Group Plc (“RPC”) for a consideration of €262.5 million.
Under Stirling Square’s ownership, ESE has focused its operations to become Europe’s leading provider of temporary waste storage solutions. The Company has achieved strong sales by concentrating on a customer-focused strategy, delivering a high quality service to regional and pan-European customers. For the year ending 31 December 2016, ESE is expecting to achieve revenues in excess of €200 million at industry-leading margins.
ESE services a broad customer base ranging from local municipalities to private waste service providers. The Company’s manufacturing footprint comprises two facilities in Germany and France and one R&D centre in Germany employing approximately 600 full time employees. Björn Hedenström, Chief Executive Officer of ESE, will continue to lead the business which will be an independent business unit within RPC going forward.
Jakob Förschner, a Partner at Stirling Square, said: “It was an honour for Stirling Square to partner with Björn Hedenström and his outstanding team. We are delighted that management chose RPC as a platform for further growth.”
Stirling Square was advised by Harris Williams & Co (financial) and Hengeler Mueller (legal).
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Notes to Editors:
About Stirling Square Capital Partners
Stirling Square Capital Partners was established in 2002 and is a pan-European private equity firm which invests in mid-market companies with enterprise values of between €50m and €500m. The firm manages three funds and a number of co-investment positions, totaling over €1bn of assets under management.
About ESE World B.V.
Environmental Solutions Europe Holding B.V. is a leading European producer of waste collection systems and provider of related services. With a 75-year history and an extensive range of products and services, the company plays an important role in facilitating effective and efficient waste collection and recycling.
For further information contact:
Fergus Wheeler, Jess Gill - FTI Consulting
Tel: + (44) 20 3727 1000
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"Stirling Square is hugely experienced in working with companies to move them on to the next stage of growth and has experience in our [the aerospace and defence] sector"