The investments were made across NSW and WA
King and Wood Mallesons (KWM) has provided guidance to Igneo Infrastructure Partners on investments made in NSW and WA through its Integrated Waste Services (IWS) platform.
Located about 150km from Sydney, Recycle Central Group (RCG) is a active part of the waste value chain. It mainly processes and recovers construction and demolition and commercial and industrial waste. Eco Resources Group (ECO) is based in the Perth-Peel region, with major facilities in Kwinana and Waroona. It processes organic waste.
The financial close for RCG is anticipated for the second quarter of the year, while that for ECO is projected for the third quarter.
KWM’s team advised Igneo as it entered into the binding agreements to invest in RCG and to acquire ECO. Partner Roderick Smythe and senior associate Josh Thorneycroft led the team, supported by senior associate Angus Morris, associate Sebastian Steenkamp, and solicitors Morgan Clune and Patrick Przybylski.
Thorneycroft said that the transaction contributed to “helping further develop a sustainable and innovative waste platform”.
