Press releases

Jeantet advises the german Group Schwarz in the exclusive negotiations for the acquisition of part of the Suez group’s waste recycling and recovery activities

Karl Hepp de Sevelinges , Ruben Koslar , Michael Samol , Perrine Fuchs

Paris, 22 septembre 2020 – Jeantet, along with the German Law Firm Noerr, advised PreZero, the environmental branch of the Schwarz Group and one of the European leaders in waste management and recycling, in connection with the acquisition of SUEZ’ Recycling and Recovery activities in Germany, Luxembourg, the Netherlands and Poland.

This operation, valued at 1.1 billion euros (Entreprise Value) and excluding the plastics and hazardous waste treatment activities, is expected to increase the number of PreZero employees in Europe and the United States to 10,300.

PreZero and SUEZ also announced the signing of a memorandum of understanding to explore the opportunity to develop strategic partnerships to promote innovative waste management solutions and accelerate the development of the circular economy in Europe.

The transaction is expected to close in the first quarter of 2021, subject to consultation with employee representative bodies and customary conditions precedent.

Jeantet’s team advising Schwarz included Karl Hepp de Seveliges, Partner, Michael Samol, Counsel, Ruben Koslar et Perrine Fuchs, associates, all M&A.


The Schwarz Group is also advised by:

Noerr LLP with Dr. Gerald Reger, Dr. Maurice Séché and Susanne Rummel the German matters (Corporate/M&A).

Noerr Biedecki sp.k. with Ludomir Biedecki and his team

NautaDutilh Avocats Luxembourg S.à r.l. with notably Margaretha Wilkenhuysen, Caroline Notté, David Al Mari, Marierose Schwarz and Nathalie Zurel (Corporate/M&A) for the Luxembourg matters.

NautaDutilh N.V. with notably Jaap Stoop, Harm van Schaijk, Arjan Koorevaar and Naomi Asscheman (Corporate/M&A) for the Dutch matters.

SUEZ is advised by Jones Day with notably Audrey Bontemps, Corporate/M&A Partner (Paris), Charlotte Breuvart and Laurent de Muyter, Competition Partners (Bruxelles).