Linklaters has advised on the sale of Wheelabrator UK to an infrastructure fund managed by First Sentier Investors.

Wheelabrator UK is the largest pure play waste-to-energy business in the UK and is a developer, owner and operator of strategically located waste-to-energy facilities, with seven waste-to-energy facilities in operation and advanced development. Wheelabrator UK is an integral part of the UK’s environmental infrastructure, diverting waste from landfills or export to continental Europe to provide residents and businesses with local, sustainable disposal of non-recyclable solid waste while creating renewable energy.

This transaction adds to other notable credentials for Linklaters in the waste-to-energy space including acting for the sellers (including majority shareholder Strategic Value Partners) on the sale of Cory Riverside Energy and iCON Infrastructure on their acquisition of a 49% stake in five UK waste-to-energy facilities from Fomento de Construcciones y Contratas, S.A.

The Linklaters team was led by partner Ben Rodham (Mainstream Corporate, London) with Stuart Rowson (Energy & Infrastructure, London), counsel Andrew Lynch (Mainstream Corporate, London), managing associate Thomas Chappatte (Energy & Infrastructure, London), associates Amy Barker (Mainstream Corporate, London), Dita Henderson (Mainstream Corporate, London) and Jamie McPhie (Energy & Infrastructure, London). Partner Nicole Kar (Competition, London) and managing associate Neil Hoolihan (Competition, Brussels) advised on the antitrust/foreign investment aspects. Partner Chris Smale (London, Tax), managing associate Alexei Franks (London, Tax) and associate Wilson Hill (London, Tax) advised on the tax aspects of this transaction.

The transaction is expected to complete in early 2021.