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EQT to Sell Minority Stake in Reworld to GIC

10.02.24

The Firm is representing EQT Infrastructure V fund and its portfolio company, Reworld™, in connection with an agreement to sell a 25% minority stake in Reworld™ to GIC via a combination of primary and secondary capital. The transaction is subject to customary conditions and approvals and is expected to close in the first quarter of 2025. EQT Infrastructure will remain the largest shareholder following the closing of the transaction.

Reworld™ is a leader in sustainable waste solutions, providing innovative and environmentally responsible services to a global community. Reworld™ is committed to advancing zero waste initiatives and supporting sustainability goals through state-of-the-art technologies that reimagine, reduce, reuse, recycle, recover and renew.

EQT is a purpose-driven global investment organization with EUR 246 billion in total assets under management (EUR 133 billion in fee-generating assets under management), within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia-Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

The Simpson Thacher team includes Michael T. Holick, Mark Myott, Sherry Shen, Shaneel Parikh, Michaela Dion, Robert Hausen, Omar Kanjwal, Wang Chen, Dashia Kwok, Amy Zhou, William Lyoo, Ramin Tabrizi, Abby Kieker, Madison Santoli, Dina Stumpf, Sabrina Suen, Marissa Train and Nick Redfield (M&A); Jonathan Goldstein, Bill Smolinski, Emma Wang and Mohanad Salaimi (Tax); David Rubinsky, Ashlie Lawton and Joshua E. Stephens (Executive Compensation and Employee Benefits); Brian Chisling (FERC); Eli Isak and Callie Robins (Banking and Credit); Hui Lin and Skyler Andrew Simon (Capital Markets); Robert Lee and Vandana Harris (Funds); Lori E. Lesser, Ron Ben-Yehuda, Kate Mirino and Chandler Gerard-Reimer (Intellectual Property); David Caldwell (Regulatory); Krista McManus (Real Estate); and Steve DeLott (Insurance).

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