Marlow Capital, a South Africa-based private equity firm, has led a consortium to acquire waste management group Wasteman Group from a group of shareholders including Suez Environment for an undisclosed sum.
Andrew Hunt, managing director of Marlow Capital, said, "We are thrilled to complete the purchase of Wasteman, and are excited about the company’s future growth plans in Sub-Saharan Africa."
"The Wasteman team is really excited that Marlow Capital is making a substantial investment in Wasteman. We believe the transaction serves as a strong endorsement of our company and the tremendous growth potential of our business," said Olivier Meyer CEO of Wasteman.
Wasteman provides waste management solutions to clients in the industrial, commercial and municipal sectors across South Africa. The company annually handles over one million tons of waste.
Marlow Capital participates in mid-market buy-out opportunities in Sub-Saharan Africa with a focus on South Africa.