Charles Russell Speechlys Luxembourg represents Elemental Holding Group on a USD 290 million equity private placement from a group of international financial institutions
Charles Russell Speechlys Luxembourg represented Elemental Holding Group, a global urban mining and recycling company originating from Poland, with headquarters in Luxembourg, on a USD 290 million equity private placement from a group of international financial institutions: IFC - International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD) and the Polish Development Fund (Polski Fundusz Rozwoju S.A. (PFR)).
This capital will be committed to funding the Company’s exciting pipeline of growth projects, accelerating its global acquisition strategy, and securing funding for general corporate purposes.
With 55 subsidiaries in 35 countries across the globe, Elemental is a global recycler focused on extracting palladium, platinum and rhodium from spent automotive catalysts; gold, silver and copper concentrate from waste electrical and electronic equipment, printed circuit boards; and non-ferrous scrap metal.
The Charles Russell Speechlys Luxembourg team included Yacine Diallo (Partner), Alexis Urbin-Choffray (Principal) and Estelle Jeanvoine (Associate) on tax aspects; and Jean-Baptiste Beauvoir-Planson (Partner), Jean Rollin (Senior Associate), Anastasiya Nikitina (Associate), and Ivano Pippa (Associate) on corporate aspects.
Shearman & Sterling also represented Elemental Holding.