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Sedulo Corporate Finance has successfully assisted the shareholders of Roydon Recycling in undertaking a private equity-backed management buy-out.
The deal will see North West-based Roydon Recycling, one of the UK’s leading total waste management providers, leave the wider Roydon group of companies and continue independently on its journey to become the UK’s largest.
Current managing director, Paul Hodgkiss, will continue to lead the business with the backing of Palatine Private Equity’s impact fund.
Hodgkiss said: “I am excited to have secured such a credible and expert investor in Palatine Private Equity, and the alignment of our sustainability values with their Impact Fund make it a perfect match. I look forward to continuing to grow the business with their support, enhancing and expanding our services across the country and internationally.”
Will Stanton and Benn Longshaw led the transaction from Sedulo Corporate Finance, supported by Zarak Zaman.
Greg Holmes, James Gregson and Beth Houghton worked on the deal from Palatine Private Equity, with legal support from Kate Richards of Gately PLC, and Financial Due Diligence support from RSM. Roydon management and shareholders were advised by Giles Chesher, James Thompson and Tom McClusky of Squire Patton Boggs.
Regarding the deal, Stanton said: “It has been a pleasure to work with Paul and the departing shareholders to achieve what is a great outcome for all parties.
“I am looking forward to seeing how Roydon Recycling grows with Palatine as a partner. There is a lot of development in the pipeline and I expect to see only exponential growth from here.”
