Clifford Chance

Clifford Chance advises on AU$377m sale of Contract Resources by SCF Partners, Viburnum Funds and other shareholders to Cleanaway

Global law firm Clifford Chance has advised private equity firms SCF Partners (Houston) and Viburnum Funds (Perth), along with other shareholders, on the sale of Contract Resources to ASX-listed Cleanaway Waste Management for an enterprise value of AU$377 million.

Contract Resources is a specialist provider of critical path maintenance services to the energy sector, operating in Australia, New Zealand and the Middle East.

Cleanaway is one of Australia’s largest total waste management companies, with more than 7,900 staff working from approximately 330 locations across Australia.

The transaction is subject to ACCC approval and other customary conditions precedent.

Lead partner Jacob Kahwaji said, "It has been a pleasure working alongside Houston-based SCF Partners, Perth-based Viburnum Funds and the Contract Resources team to bring this milestone cross-border transaction to fruition, and we look forward to seeing Contract Resources go from strength to strength under Cleanaway's ownership. Our team continues to be at the forefront of international M&A in the energy and infrastructure sectors, and this transaction showcases our global coverage and expertise in this space."

Jacob was supported in Australia by senior associates Sarah Jenkins and Jack Corcoran and associate Henry Garing. Antitrust support was provided by counsel Mark Grime and senior associate Sam Frouhar. On Middle East aspects, support was provided by UAE-based partner Jason Mendens, senior associate Callum Gribbin and associate Stavros Paterakis.