Simpson Thacher is representing affiliates of KKR in connection with the sale of a substantial minority stake in Viridor Group (“Viridor”), the UK’s leading operator of Energy-from-Waste facilities, to Equitix, with a path for Equitix to acquire up to 50%. The transaction is subject to receipt of regulatory approvals.
Viridor provides essential infrastructure services in sustainable waste management and energy recovery to local communities across the UK. The company operates 12 UK energy-from-waste facilities, with two additional plants currently in development, processing 3.4 million tonnes of waste and recycling a year. Through its innovative approach and advancement in carbon capture and storage (CCS), Viridor plays a critical role in supporting the UK’s transition to a circular economy and reducing reliance on landfill.
This strategic investment builds on Equitix’s existing 35% shareholding in Viridor’s Energy division.
The Simpson Thacher team includes Amy Mahon, Jiaying Zhang, Tory Hansen, Niccolò Calvi, Elizabeth Lee and Ally McCourt (M&A); Sarah Lindley, Oliver Rosshandler and Alex Ladyman (Tax); and Étienne Renaudeau, Luke Cowdell and Dimitrious Nikolaidis (Antitrust); Claire Williams, Lauren Bugler and Jennifer Falconer Hall (Credit).