GFL Environmental Inc. Announces Agreement to Sell Environmental …
3 days ago · VAUGHAN, ON, Jan. 7, 2025 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that it has entered into a definitive agreement (the "Transaction Agreement") with funds managed by affiliates of Apollo (NYSE:APO) (the "Apollo Funds") and BC Partners (the "BC Funds") for the sale of its Environmental Services business for an enterprise value of $8. ...
GFL selling environmental services division to Apollo, BC …
3 days ago · The news marks a turning point in the company’s effort to reduce its debt leverage. ... GFL Environmental has reached an agreement with affiliates of asset management fund Apollo and investment ...
GFL Environmental Inc. to sell majority stake in Environmental …
3 days ago · GFL Environmental Inc., headquartered in Vaughan, Ontario, has entered into a definitive agreement with funds managed by affiliates of Apollo and BC Partners to sell a majority stake in its Environmental Services business for an enterprise value of CA$8 billion ($5.6 billion) which significantly exceeded management’s initial expectations, according to the company.
GFL Environmental Inc. Announces Agreement to Sell Environmental …
3 days ago · GFL will retain a $1.7 billion equity interest in the Environmental Services business and expects to realize cash proceeds from the Transaction of approximately $6.2 billion net of the retained ...
GFL Sells Majority Interest In Environmental Services Segment …
3 days ago · On a post-transaction basis, Apollo and BC Partners will each retain a 28% equity interest, while GFL will maintain a 44% ownership stake. “The sale of our Environmental Services business at an enterprise value of $8.0 billion is substantially above our initial expectations and is a testament to the quality of the business that we have built.
Apollo, BC Partners to Buy Control of $5.6 Billion GFL Unit
3 days ago · Apollo Global Management Inc. and BC Partners agreed to acquire a controlling stake in GFL Environmental Inc. ’s environmental services unit, in a deal that values the business at C$8 billion ($5.6 billion) including debt. The consortium is set to buy a 56% stake in the business, while GFL will own the remainder with an option to repurchase from Apollo and BC Partners within five years ...
Apollo, BC Partners Near Deal for $5.6 Billion GFL Environmental ...
3 days ago · (Bloomberg) -- Apollo Global Management Inc. and BC Partners agreed to acquire a controlling stake in GFL Environmental Inc.’s environmental services unit, in a deal that values the business at ...
GFL To Sell Environmental Services Business To Apollo Funds, BC …
3 days ago · Thus, GFL will retain a C$1.7 billion equity interest in the Environmental Services business. GFL expects to realize cash proceeds from the transaction of around C$6.2 billion net of the retained ...
GFL Environmental (GFL) to Sell Environmental Services …
3 days ago · GFL Environmental (GFL) to Sell Environmental Services Business to Apollo (APO) in $8B Deal Article Related Press Releases ( 1 ) Stock Quotes (2) FREE Breaking News Alerts from StreetInsider.com!
GFL Environmental selling majority stake in environmental …
3 days ago · VAUGHAN, Ont. - GFL Environmental Inc. has signed a deal to sell a majority interest in its environmental services business to private equity firms Apollo and BC Partners in an agreement that will ...