Advising Oaktree Capital Management in connection with the acquisition by investment funds managed by Oaktree Capital Management of all the management and treatment of water, waste and energy activities of the French group Veolia in Israel.
This acquisition is completed further to the agreement signed on July 9, 2014, and is carried out in connection with the strategic repositioning of Veolia, which has been operating in Israel for more than twenty years in this type of activities.
The management of Veolia Israel was closely involved in this acquisition.
This transaction supports the intention of Oaktree consisting in accompanying Veolia in its ambitious growth plan and in consolidating its position as leader in infrastructures in Israel. This transaction was subject to approval by the Israeli competition authorities and change of control authorizations common in such transactions.