This Transaction Represents Atar’s Second Platform Investment In 8 Months
LOS ANGELES – Tuesday, September. 5, 2017 – Atar Capital announced today that it has completed the acquisition of Recycling and Waste Solutions, a division of the HAVI Group (RWS). Financial terms of the transaction were not disclosed. Effective immediately, Anthony DiIenno will remain as President and CEO.
RWS was launched in 2012 with the goal of providing true “closed loop” solutions and complementing HAVI’s global supply chain offerings. Based in Chadds Ford, Pennsylvania, RWS develops and manages recycling, waste and sustainability programs for regional and multinational companies throughout North America.
“We are thrilled to welcome Anthony and the RWS team to the Atar family. We were attracted to RWS as a result of their strong management team, notable blue chip customer base, and market leading technology and analytics platform – all of which separates RWS from its competition,” said Cyrus Nikou, Founder and Managing Partner of Atar Capital.
“This transaction marks Atar Capital’s second closing and execution of a corporate divestiture in 8 months, and highlights our ability to deliver speed and certainty to a respected corporate seller like HAVI – executing this transaction in just under twenty-one days. We will now bring Atar Capital’s financial, operational and M&A resources to bear in support of the Company’s long-term strategic plans. We are excited to work with RWS and to help them reach their full potential,” said Mr. Nikou.
Mr. DiIenno, a third-generation recycler with over thirty years of recycling and waste solutions experience, has led his team and delivered double digit growth for the business over the last five years. “The Atar team and I believe that we have a significant opportunity to enhance the long-term value of our business for all stakeholders, including our customers,” stated Mr. DiIenno. “We look forward to a seamless transition over the next one hundred days, while maintaining best-in-class service for our customers.”
Dan Musachia, HAVI’S CFO states, “HAVI remains committed to advancing sustainable solutions as a critical component of our supply chain service offerings, and RWS will continue to remain HAVI’s preferred partner for recycling and waste solutions.”
BNP Paribas acted as the exclusive advisor to HAVI on the sale, and Dykema Gossett acted as outside legal counsel to Atar Capital.
Atar Capital is a global private investment firm that benefits from over sixty years of combined buy-out, investing and asset management experience. The firm’s principals have collectively completed over sixty private equity transactions across eighteen countries worldwide.
Atar Capital invests in both performing and underperforming lower middle market businesses that exhibit potential for revitalization, operational performance improvement, and growth. The firm specializes in corporate divestitures, complex carve-outs, and turn-around situations across a wide range of industries and geographic markets, with a focus on North America and Western Europe.
Headquartered in Los Angeles, and with offices in London, Atar Capital’s best-in-class business development, M&A and operations capabilities enable its portfolio companies to achieve their full potential. For more information, visit www.atarcapital.com.
RWS develops and manages end-to-end recycling, waste and sustainability programs for multi-site blue chip customers across North America.
RWS is a full-service provider and category manager with an asset light business model. Its customers benefit from market leading technology, action oriented analytics and reporting, and an expertly managed commodities trading platform.
RWS is headquartered in Chadds Ford, Pennsylvania and has offices located in Atlanta, Georgia; Plano, Texas; St. Louis, Missouri; and Los Angeles, California.
Mr. Vijay K Mony
Managing Director, Atar Capital
+1 310 882 5568