Bell Gully is delighted to have advised Igneo Infrastructure Partners (previously First Sentier Investors) on the NZ$1.9 billion acquisition of Waste Management New Zealand from private equity firm Beijing Capital, which completed on 30 September.
Igneo Infrastructure Partners invests in high-quality, mature, mid-market infrastructure companies in the utilities and transport sectors in the UK, Europe, North America, Australia and New Zealand. In New Zealand, funds managed or advised by Igneo also own interests in Tuatahi First Fibre (previously known as Ultrafast Fibre) and First Gas.
The Bell Gully team advising Igneo was led by partners Dean Alderton and Chris Hodges. Commenting on the transaction, Dean Alderton said: “We’re pleased to have had a further opportunity to work with the Igneo team and its other advisers on the acquisition of Waste Management and congratulate them on being the successful purchaser. This represents another significant investment by Igneo, and demonstrates its commitment to supporting and growing New Zealand’s infrastructure base.”
The Bell Gully team also included David McPherson, Glenn Shewan, Natasha Garvan, Liz Coats, Brad Ward, Ian Becke, Scott Lochhead, Sam Dykes, Laura Lincoln, Rosemary Wooders, Anna Carman and Nik Santamaria.