The largest waste company in the State, Beauparc Utilities, is to be taken over by Australian financial services giant Macquarie from the business’s founder, Eamon Waters, and private equity firm Blackstone. Parties to the deal confirmed the agreement in a joint statement on Tuesday, which did not disclose the price. Mr Waters is expected to step down as executive chairman on completion of the deal. ApprovalThe deal with Macquarie, through its asset management unit’s Macquarie European Infrastructure Fund 6, is subject to regulatory approval. Mr Waters set up Panda in 1990 on land adjoining his family’s filling station business in Beauparc, near Slane, Co Meath.

Source: The Irish Times June 01, 2021 09:22 UTC