Ironbridge, a leading independent Australian private equity manager, today announced the acquisition of EnviroWaste Ltd from Fulton Hogan Limited.

EnviroWaste is a leading New Zealand based waste management firm offering waste collection, transfer station and landfill services. The business has enjoyed impressive growth and has developed a strong set of strategic assets that allow it to provide excellent service to its customers.

Matt McLellan of Ironbridge, said: "EnviroWaste has a strong market position in the New Zealand waste collection and disposal industry. We were attracted to the company's portfolio of regional waste management assets and strong cash flow profile. We were also attracted to the intellectual property that the business has developed around recycling and working in partnership with local councils".

Paul Bishop, CEO of EnviroWaste "this is a great opportunity for the EnviroWaste business and we look forward to working closely with the Ironbridge team going forward."

Ironbridge was advised by ABN AMRO, Russell McVeagh, Clayton Utz, Crescendo and Ernst & Young.

About Ironbridge
Ironbridge is a leading provider of private equity capital for growth businesses in the Australasian marketplace. Ironbridge is focused on investments in medium sized management buy out and expansion capital transactions domiciled in Australia and New Zealand. This is the second investment in Ironbridge Fund II which was recently closed with A$1.05b of commitments.

Contacts
Matt McLellan +61 2 9250 8725 +61 412 628 439	Justin Kirkwood +61 2 9231 5600 +61 411 251 324
Kerry McIntosh +64 9 363 2972 +64 21 338 325