Global law firm Norton Rose Fulbright has advised Hermes Infrastructure on its acquisition of a 9.45% investment in Viridor Limited, a UK leading waste-to-energy, recycling and waste management company with a portfolio of assets complementary across the waste value chain.
Viridor is optimally positioned to benefit from the dynamic transition to a sustainable circular economy where its business model is supported by government policy. It has ten Energy Recovery Facilities in operation and one under construction, maximising resource efficiency from non-recyclable waste. In 2018/19, Viridor received 6.8 million tonnes of residual waste (including joint venture facilities), producing 2,694 GWh electricity, which is enough to power 738,000 homes.
The acquisition was undertaken alongside Kohlberg Kravis Roberts & Co (KKR) managed funds and other investors, who together have acquired the remaining 90% stake.
The team was led by partner Stephen Rigby and included counsel Nicolas Sirtoli, senior associate Sam Morrey and associate Edward Coleman.