Ashurst has provided comprehensive advice to the UK-based financial sponsor iCON Infrastructure on the majority acquisition by entities owned by funds managed by iCON Infrastructure LLP of the mid-market waste management group Meinhardt, located in the Rhine-Main region. Meinhardt Group is one of the leading regional providers in the waste and recycling industry and has been built up over decades by Frank-Steffen Meinhardt. As part of the transaction, the Meinhardt family will retain a minority stake in the group.
With its investment in Meinhardt Group, iCON Infrastructure continues its growth strategy in the German waste management and recycling sector. iCON Infrastructure LLP is headquartered in London, managing and/or advising funds investing in infrastructure assets across Europe and North America.
The Ashurst team was led by partner Dr Sebastian Daub. The team also included partners Sascha Arnold (public law, energy law), Tino Duttiné for tax structuring, as well as Laura Ho and Derk Opitz for financing, counsel Maria Held (antitrust law), Alexander Vorndran (finance), Lukas Müller (employment law) and Miriam Staatz (tax), and associates Jan Horatio Hörmann, Vida Malakooti-Dehkordy, Tamara Marx, Jan Spiesmacher (all corporate/M&A), Achim Weimer (real estate), Neil Moran, Parmeet Sandhu, Mona Gruß (all finance), and transaction counsel Sandra Schmidt.
