Houlihan Lokey Advises Reworld

Houlihan Lokey is pleased to announce that Reworld Waste, LLC (Reworld), a portfolio company of EQT Infrastructure (EQT), has signed a definitive agreement to sell a 25% minority equity stake to GIC. The transaction is subject to customary conditions and approvals. EQT will remain the largest shareholder post-closing.

Reworld is a leader in sustainable waste solutions, providing innovative and environmentally responsible services to businesses and communities throughout North America. Since EQT took the company private in November 2021, Reworld has nearly doubled its number of operational facilities and increased its headcount by 800, significantly expanding its reach across new and existing core geographies. Today, Reworld is committed to advancing zero-waste initiatives and supporting sustainability goals through state-of-the-art technologies that reduce, recycle, and recover more than 20 million tons of waste across over 100 facilities for more than 4,600 customers. The stake sale marks a strategic milestone in the company’s journey, welcoming a strategic partner to help accelerate the company’s ability to deliver sustainable waste solutions to its municipal, residential, commercial, and industrial customers in North America.

GIC is a leading global investment firm established in 1981 to secure Singapore’s financial future. As the manager of Singapore’s foreign reserves, GIC takes a long-term, disciplined approach to investing and is uniquely positioned across a wide range of asset classes and active strategies globally. These include equities, fixed income, real estate, private equity, venture capital, and infrastructure. Its long-term approach, multi-asset capabilities, and global connectivity enable it to be an investor of choice. GIC seeks to add meaningful value to its investments. Headquartered in Singapore, GIC has a global talent force of more than 2,300 people in 11 key financial cities and has investments in over 40 countries.

EQT is a purpose-driven global investment organization with EUR 246 billion in total assets under management (EUR 133 billion in fee-generating assets under management) within two business segments: Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia-Pacific, and the Americas and supports them in achieving sustainable growth, operational excellence, and market leadership.

Houlihan Lokey is serving as financial advisor to Reworld and EQT. This transaction highlights Houlihan Lokey’s leading position and continued success advising clients in the environmental services sector, having successfully advised on 29 announced or closed transactions since the beginning of 2023.

This deal further highlights Houlihan Lokey’s leading position in advising on equity private placements, having successfully advised on 36 such transactions since the beginning of 2023.

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