M&A Advisory

Forward Waste Management

Adviser to Santander on funding package for Cardiff-based waste management company, Forward Waste Management.

The deal

We’re pleased to have advised Santander Corporate & Commercial on its £2 million growth capital package for Cardiff-based, Forward Waste Management.

Forward Waste Management specialises in providing waste management solutions for the manufacturing industry. Its clients including British Airways, Ricardo, Federal Mogul, Sony and Actavis. The business also has its own waste handling equipment division, Enviroquip, which manufactures and refurbishes a range of machinery including waste compactors, balers and containers.

Our Corporate Finance team led Gary Partridge worked from start to finish on this transaction.

The funding will be used to develop its regional waste collection and processing facilities in South Wales and the West Midlands.

Peter Abel, Director of Growth Capital at Santander Corporate & Commercial, said: “This is a business we have known and tracked for a while and have been very impressed with the strength of the management team and board for a company of this size.

“They operate in a sector with exciting opportunities, and we look forward to supporting the team with their UK growth ambitions.”

Lyndon Ward, Managing Director at Forward Waste Management, added: “We are a dynamic business operating in growth driven by the increasingly significant waste and recycling regulatory and compliance requirements for our customer base.

“It’s refreshing to have a banking partner that has been keen to work with us and help support our growth ambitions.”

Deal summary

Date:

November 2016

Sector:

Industrials & Manufacturing

Deal type:

Raising Capital

Deal size:

Undisclosed

Related team

Gary Partridge

Gary Partridge

  • Partner
  • Corporate Finance
  • Cardiff