Harris Williams Advises Compagnie Plastic Omnium SA on the Sale of its Environmental Division to Latour Capital and Bpifrance

December 21, 2018

Frankfurt, Germany, December 18, 2018 – Harris Williams, a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces that it exclusively advised Compagnie Plastic Omnium SA (Plastic Omnium) on the sale of Plastic Omnium Environment B.V. (POE), its environmental division, to the consortium of Latour Capital and Bpifrance. POE is Europe’s leading provider of comprehensive waste solutions. The transaction was led by Jeffery Perkins, Lars Friemann, Florian Ripperger, Sylvain Noblet, Konstantin Molinari and Maximilian Zimmermann of Harris Williams’ Frankfurt office.

“We greatly appreciated the very professional, top quality advice and work that Harris Williams provided,” said Plastic Omnium’s Senior Executive Vice President Strategy & Development, Félicie Burelle. “Their market knowledge and experience with family-owned businesses were very important decision criteria for us choosing them. The Harris Williams team truly understood our needs and responsibilities and provided us with great insight and support on finding a new partner for POE.”

“This transaction complements our successful track record in the growing environmental space and, in particular, the recycling material management and ‘Smart Cities’ subsectors,” said Jeffery Perkins, a managing director at Harris Williams. “Furthermore, it underscores our strategy of assisting leading European family-owned businesses on finding new partners for their business. We are proud to have assisted the shareholders on finding a new home for POE. This transaction is another milestone for our firm following the successful sale of POE’s close competitor ESE World last year. We wish the new shareholder consortium and the POE management team good luck and success under their new partnership.”

POE – which is Plastic Omnium's founding business – is Europe’s leader in the containerization of waste. POE serves over 8,000 customers annually from its manufacturing and service network across France, Germany and Spain, as well as a large global network of agencies. The business generates an annual revenue of more than €330 million from its broad range of products and services dedicated to waste management (wheeled containers, collection banks, composters, underground and semi-underground containers; maintenance, washing, surveys and implementation, data management, incentive-based invoicing systems, etc.). POE employs 1,800 people operating across 12 countries.

Harris Williams (www.harriswilliams.com), a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide.  The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams’ Industrials Group has experience across a variety of sectors, including advanced manufacturing; aggregates, metals, and mining; building products; chemicals and specialty materials; industrial technology; and packaging. For more information on the firm’s Industrials Group and other recent transactions, visit the Industrials Group’s section of the Harris Williams website.

This electronic communication is issued by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Directors: Mr. Ned Valentine, Mr. Paul Poggi, Mr. Thierry Monjauze and Mr. Aadil Khan.

Harris Williams & Co. Ltd Niederlassung Frankfurt (German branch) is registered in the Commercial Register (Handelsregister) of the Local Court (Amtsgericht) of Frankfurt am Main, Germany, under registration number HRB 96687, having its business address at Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany. Permanent Representative (Ständiger Vertreter) of the Branch Niederlassung: Mr. Jeffery H. Perkins.

Harris Williams is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.