Linklaters has advised the consortium of Macquarie Asset Management, the global asset manager, and British Columbia Investment Management Corporation, one of the largest institutional investors in Canada, on their £700m recommended final cash offer for Renewi Plc. Renewi Plc is a leading waste-to-product company, which has operations across the Netherlands and Belgium, and is listed on both the London Stock Exchange and Euronext Amsterdam.
Financial Sponsors Partner Alex Lehtinen commented: “We are delighted to have advised Macquarie Asset Management and British Columbia Investment Management Corporation on their recommended cash offer for Renewi Plc, demonstrating the strength of our financial sponsors P2P and infrastructure M&A practices”.
The cross-border and multi-practice Linklaters team was led by Financial Sponsors Partner Alex Lehtinen, Corporate Partner Iain Fenn and Infrastructure M&A Partner Nicole Meyer, with support from Dutch Corporate Partner Jan Willem de Boer and Counsel Jaap Geleijns.
The core team also included Leveraged Finance Partner Tom Waller, Investment Funds Partner Matt Keogh, Incentives Partner Cara Hegarty, Antitrust & Foreign Investment Partner Lodewick Prompers, Derivatives & Structured Products Partner Deepak Sitlani, Employment Counsel Julie Sharp, Energy & Infrastructure Counsel Nick Szmigin, and Corporate Managing Associates Alexandra Simpson and Piya Haria and Associate Nadia Desmond.
This transaction builds on Linklaters’ long relationship with Macquarie, with Linklaters recently advising Macquarie on its acquisition of a 50% stake in Last Mile Infrastructure Group.
Linklaters has acted on a number of recent high profile financial sponsor-led P2P transactions, such as advising the Brookfield-led consortium on its £2.2bn acquisition of Network International Holdings plc, and advising Platinum Ivy on the £5.4bn takeover of Hargreaves Lansdown.
