Hogan Lovells advises Waste Management Inc on its $7 2 billion take-private acquisition of Stericyle Inc

Hogan Lovells advises Waste Management Inc on its $7.2 billion take-private acquisition of Stericyle Inc

Press releases | 05 June 2024

London, 05 June 2024 – Global law firm Hogan Lovells has assisted Waste Management, Inc (WM) on its $7.2 billion take-private acquisition of Stericycle, Inc. The deal is expected to close in the fourth quarter of 2024.

Stericycle, Inc. is a compliance company that specializes in collecting and disposing regulated medical waste, such as medical waste and sharps, pharmaceuticals, hazardous waste, and providing services for recalled and expired goods.

WM intends to finance the transaction using a combination of bank debt and senior notes. The consideration representing a total enterprise value of approximately $7.2 billion when including approximately $1.4 billion of Stericycle’s net debt.

The core Hogan Lovells team advising WM was led by Corporate & Finance partner Sylvain Dhennin with support from counsel Charles Jemmett, associate India Maddison and trainee Roderick Freeman (Corporate/M&A). 

The full team included pensions advice from partner Edward Brown and associate Amol Chalisgaonkar (London); employment and pensions advice from partner Thierry Meillat, associates Baptiste Camus and Axelle Galiniere (Paris) and partner Maria Benbrahim, consultant Mariette Vis and associate Imane Azdad (Amsterdam) partner Luis Enrique de la Villa, associates Olga Albala Soria and Ines Alcaniz (Madrid); real estate advice from partner Dan Norris, senior associate Saad Amjad, associates Rayan Rachedi, Curtis Rose and Tom Duke (London), partner Michael Levy, senior associates Margot Derumaux and Alice Houdart, associate Julie Paladian, trainees Thomas Ntometane and Dicle Yildirim (Paris) partner Stefanie Kern, senior associate Sabrina Greubel, associate Sven Maier, and projects associate Leonie Hartmann (Munich) and partner Philip van Steenwinkel, senior associate Charles-Henri Bernard and associate Sean Jonckheere (Brussels); Employee benefits advice from partner Ed Bowyer and associate Eleanor Doubleday (London); and data protection advice from partner Nicola Fulford, senior associate Alex Rutherford and trainee solicitor Chris James (London).