Cube/Enva
Transaction details
The proposed acquisition by funds managed by I Squared Capital Advisors (US) LLC, through Cube Resource Recovery Europe Limited, of sole control of Enva TopCo Limited has been cleared by the Competition and Consumer Protection Commission.
Case details
- Notification date:3 May 2023
- Publication date:4 May 2023
- Economic sector:Supply of electricity, gas & other - D
- Economic sub-sector:Energy & air conditioning supply - D.35
- Simplified merger:Yes
- Outcome:Cleared
Documents
M.23.019 Merger AnnouncementPDF | 125 KBM.23.019 Merger Announcement PDF | 125 KB - Opens in new window
M.23.019 DeterminationPDF | 249 KBM.23.019 Determination PDF | 249 KB - Opens in new window
Timetable
Parties Involved
Cube Resource Recovery Europe Limited
Cube Resource Recovery Europe Limited is a newly-established special-purpose entity, that is indirectly and wholly-owned by funds managed by I Squared Capital Advisors (US) LLC.
I Squared Capital Advisors (US) LLC is an independent fund manager, registered as an investment advisor with the United States Securities and Exchange Commission, that specializes in investing and managing infrastructure assets globally, with focus on Europe, the Americas, and select growth economies in Asia and Latin America.
Enva TopCo Limited
Enva TopCo Limited is a provider of recycling and resource recovery solutions, with locations across the United Kingdom and Ireland. Enva TopCo Limited manages a range of hazardous and non-hazardous waste materials from industrial, commercial and municipal customers and creates valuable products for re-use in manufacturing and energy conversion. Enva TopCo Limited supports the life cycle of waste products to provide either a second life, such as the production of energy or, in many cases, closed-loop recycling solutions.
Contacts
Eilís McDonnell eilismcdonnell@ccpc.ie
