Linklaters has suggested on the sale of Wheelabrator UK to an infrastructure fund managed by First Sentier Investors.
Wheelabrator UK is the biggest pure play waste-to-energy enterprise within the UK and is a developer, proprietor and operator of strategically positioned waste-to-energy services, with seven waste-to-energy services in operation and higher level growth. Wheelabrator UK is an integral a part of the UK’s environmental infrastructure, diverting waste from landfills or export to continental Europe to supply residents and companies with native, sustainable disposal of non-recyclable strong waste whereas creating renewable power.
This transaction adds to different notable credentials for Linklaters within the waste-to-energy area together with performing for the sellers (together with majority shareholder Strategic Value Partners) on the sale of Cory Riverside Energy and iCON Infrastructure on their acquisition of a 49% stake in 5 UK waste-to-energy services from Fomento de Construcciones y Contratas, S.A.
The Linklaters crew was led by associate Ben Rodham (Mainstream Corporate, London) with Stuart Rowson (Energy & Infrastructure, London), counsel Andrew Lynch (Mainstream Corporate, London), managing affiliate Thomas Chappatte (Energy & Infrastructure, London), associates Amy Barker (Mainstream Corporate, London), Dita Henderson (Mainstream Corporate, London) and Jamie McPhie (Energy & Infrastructure, London). Partner Nicole Kar (Competition, London) and managing affiliate Neil Hoolihan (Competition, Brussels) suggested on the antitrust/international funding points. Partner Chris Smale (London, Tax), managing affiliate Alexei Franks (London, Tax) and affiliate Wilson Hill (London, Tax) suggested on the tax points of this transaction.
The transaction is predicted to finish in early 2021.