Sidley Austin, Stikeman and Davies Ward act on $2.3bn Shred-it sale to Stericycle
Three firms advise as medical waste company Stericycle acquires document destruction company Shred-it
July 21, 2015 at 06:12 AM
1 minute read
Sidley Austin, Stikeman Elliott and Davies Ward Phillips & Vineberg have all won mandates as medical waste management company Stericycle acquires document destruction company Shred-it.
Stericycle will pay $2.3bn (£1.47bn) in cash to acquire Shred-it, which provides document destruction services to over 400,000 customers in 15 countries.
Sidley Austin and Davies Ward Phillips are acting for Stericycle.
The Sidley team is being led by Chicago M&A partner Michael Gordon and New York M&A partner Scott Freeman.
Shred-it is being represented by Stikeman Elliott.
Stikeman's team is headed by Toronto M&A partner Ron Ferguson.
In April Sidley Austin acted for data storage company Iron Mountain on its acquisition of Australian information management company Recall Holdings for AUS$2.6bn (£1.4bn).
On that deal the Sidley team was headed by M&A partners Paul Choi and Mike Heinz and antitrust partner Ken Glazer.
Recent major deals for Stikeman include advising on the Canadian aspects of Actavis' acquisition of Botox-maker Allergan for $66bn (£42bn) in November 2014.
On that deal Stikeman's team included M&A partners John Leopold, Beno
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