Acting for Indaver UK Limited in its purchase of BIP Chemical Holdings Limited and BIP Environmental Limited

Brodies advised Indaver UK Limited, an established European waste management company, in its acquisition of BIP Chemical Holdings Limited and BIP Environmental Limited.

BIP Chemical Holdings (including BIP Organics and Centec International) and BIP Environmental manage hazardous waste and recycle solvents for the chemical and pharmaceutical industries. Clients include Shell, Certas Energy, Veolia and DuPont.

With the acquisition of BIP Chemical Holdings, Indaver will further expand its treatment portfolio in the United Kingdom. This will allow Indaver IWS to serve its industrial customers in the UK even better. In 2022, Indaver began the construction of a Waste-to-Energy facility in Rivenhall, for the treatment of 595,000 tonnes of non-recyclable household and commercial waste. The facility has a capacity of 49.9 MWe. In addition, from 2023 onwards, Indaver will run a waste-to-energy plant that will provide a solution for around 150,000 tonnes of household waste from several municipalities in north-east Scotland.

Key highlights 

• Supporting our clients' increased foothold in the UK whilst also utilising the expertise in their overseas offices.
• A cross departmental team at Brodies were involved in the transaction, with key input from colleagues with specialisms in; corporate, employment, real estate, environmental, health and safety tax. 

Indaver selected Brodies as its advisor on the transaction due to positive experiences working with the firm on a number of complex customer and vendor contracts, as well as its exceptional and consistently high level of responsiveness in early discussions concerning this transaction. Brodies quickly established an appropriate core team and involved in-house subject matter experts across a number of disciplines as necessary. A high level of service and expertise was maintained throughout the engagement and the potential risks were thoroughly investigated and well presented by Brodies. Susan Dalton, Indaver UK Limited

Outcome

The takeover fits perfectly with Indaver’s vision to create maximum value from waste.