It’s all about the waste…no landfill

20.7.2018

In 2016, the World Economic Forum warned that by 2050 there will be more plastic than fish in our oceans. Closer to home, coral and fish of the Great Barrier Reef are being slowly poisoned by the consistent injection of plastic into our national treasure. Environmentally friendly waste management practices, zero waste to landfill, creating a circular economy and reduce, recycle, reuse is now a hot topic. The heavy toll that dumping waste into landfill is having on our environment is at the forefront of people’s consciousness.

As a society, it appears we have decided enough is enough. While certain sectors of the community have been particularly strong in supporting environmental sustainability and resource recovery for a number of years, now it seems governments and business more broadly have concomitantly got on board.

Recent measures we have seen implemented to encourage resource recovery and environmentally sustainable practices include the introduction of a waste levy in Queensland, a state-wide ban on single-use plastic bags in Queensland, and Government funding programs for resource recovery infrastructure across most states supporting the development of infrastructure that improves the collection and processing of recovered materials.

Naturally the encouragement measures have not escaped the attention of the larger players in the waste management sector. These companies are keenly focused on the impacts of these initiatives on their current business, as well as ensuring they are well placed to capitalise on the value creation opportunities provided by the current tide of public sentiment and government policy.

The CEO of SUEZ Australia and New Zealand has said the Queensland Government’s focus on sustainable waste management will drive innovation and investment in resource recovery in the state and provides a unique opportunity for companies like SUEZ to invest in new resource recovery infrastructure in Queensland. Bingo Industries entered the Victorian market with the acquisition of Konstruct Recycling, AAZ Recycling and Resource Recovery Victoria in October last year and has since bolted on National Recycling Group and Patons Lane Resources Recovery Centre in NSW. Bingo has indicated they expect measures such as the introduction of the waste levy will increase opportunities to expand into Queensland. Cleanaway Waste Management has recently formed a joint venture with ResourceCo Holdings to acquire a 50% interest in the new resource recovery facility at Wetherill Park in western Sydney, part-financed by a loan facility from the Clean Energy Finance Corporation, with additional funding received from the New South Wales Environmental Trust.

The attractiveness of resource recovery in the construction & demolition area is further enhanced with recent forecasts from Construction Industry bodies indicating a strong outlook in the coming years, particularly for engineering and non-residential construction in the Eastern States. The nation’s leading non-residential construction companies are forecasting a recovery in major project work through to mid-2019 following three years of declining construction activity. A key positive is expected to be strengthening non-mining infrastructure work in line with the significant growth impetus from public sector spending on transport infrastructure projects. Commercial building (including offices, retail buildings and industrial premises) is also expected to support construction activity over the period ahead driven by higher levels of private sector investment.

With an increasing volume of construction & demolition waste being generated, together with the additional cost of the waste levy encouraging a greater proportion of waste being diverted to resource recovery, it may be time for the ugly ducklings of resource recovery to emerge as swans as the big boys scramble to enhance value in the new world of resource recovery and the circular economy.

18.1.2019

Getting to Solla Sollew

Most of us are familiar with the works of Dr Seuss, from the childish rhymes of Green Eggs and Ham, to the Hollywood production of The Cat in The Hat. Less famous, but equally profound, is his 1965 tale “I Had Trouble In Getting To Solla Sollew”. The story is told by a young narrator […]

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10.1.2019

Clairfield International number one in Thomson Reuters’ ranking of High Technology M&A advisory for midcap deals

The TMT team of Clairfield International, led by partner Bertrand Hermez, is happy to announce that Clairfield International placed first in Thomson Reuters’ ranking of High Technology M&A advisory for midcap deals. This leading position was gained thanks to the support of our 24 offices worldwide (16 in EMEA) and seasoned technology sector specialists, as […]

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19.12.2018

InterFinancial Staff Promotions

We are pleased to announce the following staff promotions. Mark Steinhardt has been appointed as Head of Mergers and Acquisitions. Mark has been with InterFinancial for over 8 years, and has been a key player in our growth over this time. In his expanded role, Mark will bring a sharpened focus to ensuring our transaction […]

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17.12.2018

Sector Dashboards December 2018

Our monthly dashboards cover seven key sectors of focus, with each sector built up by several subsectors that cover similar companies based on; products, end markets, services, assets classes or other characteristics. The publications include all companies listed on the Australian Stock Exchange that are actively traded and covered by research analysts, and hence have […]

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17.12.2018

The NRMA acquires Fantasea Cruising

The NRMA has acquired Fantasea Cruising as it continues on its strategy to become Australia’s largest provider of transport and tourism services. Fantasea provides a range of transport and tourism services, harbour cruises, ferry services and yellow water taxis across Sydney Harbour. The Fantasea fleet comprises 10 ferries and 10 water taxis. InterFinancial acted as […]

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14.12.2018

Sonata acquire Scalable Data Systems

InterFinancial together with IFL Ventures acted as sell-side advisor to Scalable Data Systems on its sale to the Indian-based software company Sonata Software. With a history of more than 25 years, Scalable has built a solid reputation in providing Microsoft 365 Finance & Operations solution for industry leading clients in Australia and overseas. With its […]

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07.12.2018

EBOS acquires 100% of Terry White Group

EBOS, the New Zealand-based pharmacy and animal healthcare company, has acquired 100% of Terry White Group through a scheme of arrangement. EBOS merged its Chemmart pharmacy chain with Terry White in 2016, and has now elected to acquire all remaining shares. The full acquisition of Terry White by EBOS will help accelerate the company’s growth […]

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30.11.2018

Clairfield partner speaks on German middle market at Korean technology conference

Clairfield partner Andre Wassmann travelled to Korea last month to speak on the importance of the German middle market in M&A at the Global Investment Strategy Forum sponsored by KITIA, the Korea Core Industrial Technology Investment Association. This large annual event sponsored by Korean Ministry of Trade, Industry and Energy promotes crossborder acquisitions by Korean […]

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21.11.2018

Rocking the mining sector – time for buyers to be a little boulder?

Over the last 12 months, an increasing number of mining services companies have approached us wondering where we are in the cycle, and when the right time is to start looking for a partner / exit. After riding the highs and lows of the last boom, owners are either exhausted and keen to get off […]

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