Australian private equity firm Ironbridge has agreed to sell its New Zealand waste management company for $501 million to the Hong Kong-listed Cheung Kong Infrastructure.
EnviroWaste chairman Kim Ellis says the company has gone as far as it can under a private equity fund.
"There's quite an appetite to play in a bigger market if we can get the opportunity, which we didn't have under Ironbridge.
"Their mandate was very much buy a New Zealand business, create some value, then sell out."
