Terra alliance announces new US member specialising in the consumer economy

Leading consumer products sector specialist investment bank, Consensus of the USA, announced as 16th member firm of the Terra Alliance network

The Terra Alliance held its latest bi-annual international corporate finance meeting in London last week hosted by UK member firm, Quercus Corporate Finance LLP.  Representatives of the Alliance’s 15 member firms came together to discuss current and future opportunities for cross-border M&A and capital raisings against the backdrop of a world economy which is forecast to grow by 3.1% in 2018.

During the meeting, it was announced that US investment bank, Consensus, would join the Alliance with immediate effect. Consensus focuses on consumer-facing groups.

The London meeting represents the Terra Alliance’s 33rd international corporate finance meeting following the most recent gathering in Sydney, Australia, in November 2017. The next meeting will be held in Singapore in October this year and will be hosted by local member firm, Pickering Pacific.

Quercus Partner and Terra Alliance Steering Committee member Andrew Clegg commented:

“We have been delighted to host our colleagues at such an important time for the UK.  The London 2018 meeting has been a great success with a real mood of optimism.  Particularly encouraging has been the level of interest in the UK as a destination for foreign investment and this resonates with our own experience on live transactions.  I am also delighted that the Consensus team is joining the Alliance.  They bring to bear a huge amount of consumer sector experience which will be of real value to other member firms and their clients across the globe.”

About The Terra Alliance

Formed in 2002, the Terra Alliance now consists of 16 investment banks and independent advisory firms with offices in every continent and more than 40 countries.  It is a highly effective network with very good cooperation and a strong record of transaction success. The Alliance meets every six months to originate cross-border corporate finance opportunities and to enable members to share local knowledge and perspectives. Over the past five years member firms have completed 386 transactions with a combined value of US $29 billion.  More detail can be found at http://www.terra-alliance.com

Further deal success for Quercus in the waste management sector

The Quercus team, led by Mark Whelan, advised Renewi UK Service Ltd, the UK division of LSE-listed international waste-to-product group, Renewi plc, on the sale of the Westcott Park facility to Olleco, one of the UK’s largest collectors and processors of food waste and waste cooking oils.

Financial details have not been disclosed.

The Westcott Park AD facility, located near Aylesbury in Buckinghamshire, is one of the most modern in the UK, and is capable of processing up to 48,000 tonnes of food waste per annum and turning that into electricity which is then sold into the National Grid, with the solid residual material used as a bio fertilizer in agriculture. The facility receives both pre-and post-consumer food waste from local authorities and commercial customers.

The facility was considered to be a non-core part of Renewi UK Service Ltd's business, which is primarily focused on large municipal waste processing and recycling contracts. Quercus therefore undertook a focussed sale process for Renewi, identifying Olleco as a counterparty with the right credentials to ensure a seamless takeover of the facility from the perspective of customers, suppliers and employees.

Mark Whelan, Quercus Partner said:

“We are delighted to have advised Renewi on the sale of the Westcott Park facility, and having worked with the Renewi team on other transactions in the past, it is great to have found the right future owner for the facility in Olleco, where the facility complements their existing operations well."

Neil Miles, Renewi UK Finance Director added:

"The Quercus team provided the right level of hands on advice and expertise, combined with excellent industry relationships and contacts.  The project ran smoothly and delivered against tight timescales - overall a great outcome.”