Global law firm White & Case LLP has advised Cube Infrastructure Managers (Cube), a leading European mid-market infrastructure investor, on the acquisition through its Cube Infrastructure Fund III of Trail's majority stake in leading pure-play French municipal waste collection operator Sepur, in partnership with its founder Hervé Matuszewski who will remain a minority shareholder alongside Cube.
The transaction is the fourth investment made by Cube Infrastructure Fund III and the first investment by Cube in the municipal waste collection market. The completion of the transaction remains subject to clearance by the relevant antitrust authority.
The White & Case team in Paris which advised on the transaction was led by partner Xavier Petet and included partners Estelle Philippi, Franck Peter, Jérémie Marthan and Orion Berg, and associates Alexandre Balat, Clément Cenreaud, Grégoire Lecoquierre, Thibault Faivre-Pierret, Rahel Wendebourg and Camille Coulon.
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