24 July 2013
Clifford Chance advises Ramky on acquisition of Australia's Enviropacific
Leading international law firm Clifford Chance has advised India's Ramky Enviro Engineers Ltd on the acquisition of Australia's Enviropacific Services Pty Ltd, the company's first major acquisition in Australia.
Ramky provides waste management, recycling and environmental services in India, Singapore, Indonesia, Vietnam, Thailand and the Middle East. Enviropacific provides environmental management and petrochemical services to energy, resources, petrochemical and government clients across Australia.
Partner Richard Graham said: "In addition to infrastructure and real estate, we continue to see strong interest from offshore investors in specialist sectors such as environmental remediation. Given it is estimated that over A$1billion is spent in Australia each year to clean up contaminated sites arising from industrial, agricultural or mining activity, it is hardly surprising that Ramky sees strategic opportunities in this market."
Richard led the Clifford Chance team advising Ramky, assisted by counsel Robyn Glindemann, senior associate Judith Strong and associates Deniz Tas, Vicky West and Xi Bing Su. All are based in Australia.