Latham & Watkins has advised Séché Environnement, a renowned French waste treatment and disposal company, on the co-investment by CVC DIF, the infrastructure arm of leading global private markets manager CVC, in ECO Industrial Environmental Engineering Pte Ltd (ECO). Under this transaction, CVC DIF will subscribe for a 49.9% stake in ECO (with Séché Environnement retaining a 50.1% stake) via a reserved capital increase for an aggregate consideration of approximately S$311 million (approximately €216 million).
Latham’s cross-border team was led by Singapore corporate partner Farhana Sharmeen and Paris corporate partner Alexander Crosthwaite, with associates Tommy Tan and Kevin Mak. Advice on antitrust and competition matters was provided by Paris partner Adrien Giraud, with associate Constance Dobelmann; and on finance matters by Paris partner Thomas Margenet-Baudry, with counsel Michael Ettannani and Aurelie Buchinet.
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