Waste not, want not!

27. April 2016

DEAL FLASH: 

OaklinsDealFlash_WasteNotWantNot_BSS_April2016 picOaklins’ Australian team advised Worth Recycling Pty Ltd, on the sale of their parent company, Sydney-based Worth Corporation to ASX-listed Tox Free Solutions Ltd (Toxfree) for US$53 million, based on enterprise value.

The team acted as advisor to Worth Corporation in this transaction. In 2013, preceding a formal advisory engagement, the team responded to a request from the owners about sale prospects. Corporate advisory assistance was provided on an ad-hoc basis. By 2015, the business had restructured sufficiently to be an attractive target.

Read more about the transaction, market trends, deal drivers and M&A valuation aspects.