Dechert LLP

10/07/2024 | Press release | Distributed by Public on 10/07/2024 09:42

Dechert Advises GIC on Acquisition of Minority Stake in Reworld from EQT

Dechert advised GIC, a leading global investor, on a recent agreement to acquire a 25% minority stake in Reworld, a provider of sustainable waste solutions, from the EQT Infrastructure V fund.

EQT will remain the largest shareholder after the transaction closes in Q1 2025, pending customary conditions and approvals.

Reworld has quickly become a leader in sustainable waste solutions, providing innovative and environmentally responsible services throughout North America. As a strategic partner, GIC's substantial financial capital and scale will play an essential role in accelerating Reworld's growth and meeting the increasing demand for sustainable waste solutions from its municipal, residential, commercial and industrial customers.

The Dechert team advising GIC included corporate partner and Dechert co-chair Mark E. Thierfelder and corporate partners Jonathan Kim and Nick Marchica, along with counsel John E. Alessi and associates Philip Treesh and Leila Malek; national security partner Hrishikesh N. Hari; global tax partner Joshua Milgrim; employee benefits partner Kevin Kay; corporate special counsel John M. Ix.

About Dechert

Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital - from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients' rights in extreme situations. Our nearly 1,000 lawyers across 20 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology.