Eversheds Sutherland advises Reconomy Group on acquisition of Reverse Logistics Group

Eversheds Sutherland has advised Reconomy Group, the UK’s leading provider of outsourced resource management and environmental services, on the acquisition of Reverse Logistics Group (RLG). A cross-border Eversheds Sutherland team advised on all legal aspects of the purchase as well as the acquisition financing.

This transaction will contribute to Reconomy’s long-term aim of becoming a global leader in tech-enabled services whilst creating a leading global presence and adding a new capability in reverse logistics.

Reconomy is the UK’s market-leading provider of outsourced environmental services including recycling, waste and resource management principally operating across five key sectors: commercial construction, housebuilding, infrastructure, business and industry, and compliance. The company is owned by London-based private equity group EMK Capital since 2017.

RLG, headquartered in Dornach, Germany, is a leading tech-enabled provider of end-to-end solutions for returns management and environmental compliance, helping its blue-chip customer base to deal with increasing environmental, regulatory and logistical demands. RLG is present in over 80 countries worldwide with a 2020 turnover of more than € 150 million.

Reconomy was represented by an international Eversheds Sutherland team, with the M&A transaction led by Munich-based Anthony Cross and UK-based Nigel Cooke (both corporate/M&A) and the acquisition financing led by Munich-based Carolin Glänzel and UK-based Patrick Davis (both Banking).

The broader team included Simon Weppner and Niklas Schilawa (Tax), Manuela Rauch (Employment), Martin Bechtold (Regulatory & Competition) and Luise Paulsen (Corporate/M&A).

Eversheds Sutherland regularly advises Reconomy in M&A transactions, recently on the acquisition of German waste management service provider Noventiz Group from German PE house SEAFORT Advisors.