Advising on the acquisition of Peterborough Metals Recycling
KJB Consulting, a leading consultant and commodity broker within the UK metal industry, has acquired one of the UK’s largest independent metal recycling operators, Peterborough Metals Recycling Ltd (PMR), as part of a transaction backed by Harwood Private Capital and industry expert Tom Bird.
PMR, widely known in the market as BW Riddle, has over 60 years of trading, and a leading reputation across the UK. Its services include vehicle de-pollution, waste recycling from offices, factories and hospitals, and it specialises in processing industrial materials.
The acquisition will see KJB Consulting and PMR continue to trade as separate entities, creating an integrated metal recycling business of scale, with a combined turnover of £79m and 70 employees. Tom Bird, who is current President of the Bureau of International Recycling, also took a commercial interest and role within the new group.
Capital’s Corporate and Private Equity team advised on the deal and was led by Angelina Drljaca-Chandler. The team included Melanie Williams, Jordan Thomas, Catherine James, Sarah Hale, Cerith Bevan, Nadira Islam and Karolina Majka. Leanne O’Brien and Catrin Mackie from Capital’s Real Estate team advised on the property aspects of the acquisition. Lexington Corporate Finance also advised on the acquisition and they have spoken about the deal here.
Tom Bird said:
Capital Law were excellent throughout the whole deal process. The deal was complex and Capital were persistent and proactive in finding solutions to a number of challenges as well as being very supportive at all times. The Capital team brilliantly led by Angelina always responded quickly when questions were asked and advice needed. A big thank you to all the team and I look forward to continue working with Capital in the future.
Angelina Drljaca-Chandler, a partner in Capital Law’s Corporate and Private Equity team said:
We are delighted to have advised Tom Bird and KJB and its shareholders, on this deal. The new group has a huge potential for growth and we are excited to see their plans come to fruition.
