White & Case LLP - News - LBO Creates European Waste Management Leader

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LBO Creates European Waste Management Leader
Dutch LBO Market Continues to Grow

London, April 20, 2007 ... White & Case advised mandated lead arrangers, ABN AMRO Bank N.V., BNP Paribas, CIBC World Markets PLC, ING Bank N.V. and Lehman Brothers International (Europe), in connection with the senior financing to private equity houses CVC Capital Partners ("CVC") and Kohlberg Kravis Roberts & Co. ("KKR") for their acquisition of the Van Gansewinkel Groep ("Van Gansewinkel"). Van Gansewinkel is a leading European waste service provider with a total 2006 turnover of more than €600 million and around 4,000 employees.

The consortium will combine Van Gansewinkel with Dutch waste company AVR, which was acquired for €1.4 billion by the same consortium last year. The new organisation will become a fully integrated waste management company covering the entire waste chain from consultancy through collection, to recycling and end-treatment, creating a top European player in waste management.

"We are continuing to see high levels of activity in the European leveraged buyout market and although there have been less mega-deals so far this year, we have seen a steady flow of deals being brought to market," commented Maurice Allen, co-head of the Firm's Banking & Capital Markets Group in London. "Market data shows that in 2006, the Netherlands ranked joint second by deal value and fourth by number of deals in the European buyout market, and with the investment opportunities that the nation offers, this is only set to continue."

The White & Case team advising on the deal was co-led by partner Maurice Allen and counsel Emma Menzies, working alongside associate Kelly Gibson and trainee solicitor Leonie Carroll.

Last year the Firm's leveraged finance team in London acted on a series of high-profile leveraged finance deals valued at €86 billion. Recent transactions that the team has worked on involving Dutch targets include: the €415 million acquisition by Allianz Capital Partners and ABN AMRO Capital of Sdu B.V., a publishing and security identification group, from the Ministry of Finance of the State of the Netherlands; the €1.3 billion financing for CVC and KKR's €1.4 billion acquisition of AVR; the €172.5 million senior and €32.5 million mezzanine facilities provided to Waterland Private Equity Investment B.V. for the acquisition of gaming company JVH Gaming B.V.; the €410 million acquisition of leading cable operator Multikabel NV by Warburg Pincus; and CVC's acquisition from WMO Beheer of outstanding shares in Wavin, a Netherlands-based plastic pipes manufacturer, involving a €720 million term and €145 million revolving credit facility.

About White & Case
White & Case LLP is a leading global law firm with more than 2,000 lawyers in 35 offices in 23 countries. Our clients value the breadth and depth of our US, English and local law capabilities and rely on us for their complex cross-border commercial and financial transactions and for international arbitration and litigation. Whether in established or emerging markets, the hallmark of White & Case is our complete dedication to the business priorities and legal needs of our clients.

Contact:
James Martin
Media Relations Mgr EMEA, White & Case
44 0 20 7532 2853/ 44 0 7939 012 011

Alexandra Henderson
Media Relations Executive, White & Case
44 0 20 7532 2848

	Press Releases
Expertise Banking Lawyers Kelly Gibson Locations London	LBO Creates European Waste Management Leader Dutch LBO Market Continues to Grow London, April 20, 2007 ... White & Case advised mandated lead arrangers, ABN AMRO Bank N.V., BNP Paribas, CIBC World Markets PLC, ING Bank N.V. and Lehman Brothers International (Europe), in connection with the senior financing to private equity houses CVC Capital Partners ("CVC") and Kohlberg Kravis Roberts & Co. ("KKR") for their acquisition of the Van Gansewinkel Groep ("Van Gansewinkel"). Van Gansewinkel is a leading European waste service provider with a total 2006 turnover of more than €600 million and around 4,000 employees. The consortium will combine Van Gansewinkel with Dutch waste company AVR, which was acquired for €1.4 billion by the same consortium last year. The new organisation will become a fully integrated waste management company covering the entire waste chain from consultancy through collection, to recycling and end-treatment, creating a top European player in waste management. "We are continuing to see high levels of activity in the European leveraged buyout market and although there have been less mega-deals so far this year, we have seen a steady flow of deals being brought to market," commented Maurice Allen, co-head of the Firm's Banking & Capital Markets Group in London. "Market data shows that in 2006, the Netherlands ranked joint second by deal value and fourth by number of deals in the European buyout market, and with the investment opportunities that the nation offers, this is only set to continue." The White & Case team advising on the deal was co-led by partner Maurice Allen and counsel Emma Menzies, working alongside associate Kelly Gibson and trainee solicitor Leonie Carroll. Last year the Firm's leveraged finance team in London acted on a series of high-profile leveraged finance deals valued at €86 billion. Recent transactions that the team has worked on involving Dutch targets include: the €415 million acquisition by Allianz Capital Partners and ABN AMRO Capital of Sdu B.V., a publishing and security identification group, from the Ministry of Finance of the State of the Netherlands; the €1.3 billion financing for CVC and KKR's €1.4 billion acquisition of AVR; the €172.5 million senior and €32.5 million mezzanine facilities provided to Waterland Private Equity Investment B.V. for the acquisition of gaming company JVH Gaming B.V.; the €410 million acquisition of leading cable operator Multikabel NV by Warburg Pincus; and CVC's acquisition from WMO Beheer of outstanding shares in Wavin, a Netherlands-based plastic pipes manufacturer, involving a €720 million term and €145 million revolving credit facility. About White & Case White & Case LLP is a leading global law firm with more than 2,000 lawyers in 35 offices in 23 countries. Our clients value the breadth and depth of our US, English and local law capabilities and rely on us for their complex cross-border commercial and financial transactions and for international arbitration and litigation. Whether in established or emerging markets, the hallmark of White & Case is our complete dedication to the business priorities and legal needs of our clients. Contact: James Martin Media Relations Mgr EMEA, White & Case 44 0 20 7532 2853/ 44 0 7939 012 011 Alexandra Henderson Media Relations Executive, White & Case 44 0 20 7532 2848