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30 August 20232 minute read

DLA Piper advises Cube Infrastructure Managers on acquisition Of Urbaser Nordic

Global law firm DLA Piper has advised Cube Infrastructure Managers (Cube) on its agreement to acquire Urbaser Nordic (Nord) from Spanish integrated waste management group Urbaser, through its Cube Infrastructure Fund III.

Nord is the leading Nordic municipal waste collection platform with operations across Denmark, Norway, Sweden and Finland. The company serves c.100 municipalities and more than 5 million inhabitants with a fleet of c.1,100 trucks, c.45% of which are driven by green technologies. Cube will be partnering with Nord’s management team to support the continued growth of the Nord group, and to electrify its vehicle fleet further.

Simon Charbit, Partner and Head of Corporate in France for DLA Piper, said: “We are delighted to be supporting Cube again on another significant infrastructure transaction, fielding a cross-border team of lawyers from each of the Nordic countries, the UK and France. This transaction represents a major investment by Cube in the key Nordics infrastructure market. ”

The DLA Piper team was led by partners Mathias Berggren (Sweden), Martin Nelson-Jones (UK) and Simon Charbit (France), while its finance team was led by partners Bjorn Sjoberg (Sweden) and Matthew Christmas (UK).

Closing of the transaction remains subject to fulfilment of customary conditions precedent, including clearance by competent antitrust authorities.