30 Apr 2013

Clayton Utz advises Tox Free Solutions on $85 million Wanless acquisition

Perth, 30 April 2013: Clayton Utz is acting as legal counsel to ASX-listed integrated waste management and industrial service company Tox Free Solutions Ltd ("Tox Free") in respect of its acquisition of the assets and business of Wanless Enviro Services Pty Ltd, Smart Skip Pty Ltd and Jones Enviro Services Pty Ltd, and certain of the assets of Wanless Enviro Asset Management Pty Ltd.

The acquisition, which was announced today, is for a total cash consideration of $85 million.

Clayton Utz is also advising Tox Free in relation to its $43 million institutional placement and share purchase plan, to partly fund the acquisition.

Clayton Utz Perth Corporate partner Mark Paganin is leading the firm's team, which includes partner Matthew Johnson and lawyers Tracy Chew and Rebekah Winsor.

In 2012, Clayton Utz acted for Tox Free on its acquisition of the operations of international waste management company DoloMatrix International Ltd, for a total cash consideration of $58 million.

Related Knowledge

Get in Touch

Get in touch information is loading


Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.