ING Corporate Investments acquires 45% stake in Rodepa Recycling group
28 Nov 2017
Advising ING Corporate Investments Participaties B.V. ("ING CI"), on the acquisition of a 45% stake in the capital of Rodepa Recycling group
International law firm Simmons & Simmons has advised ING Corporate Investments Participaties B.V. ("ING CI"), the co-investment branch of ING Bank N.V. on the acquisition of a 45% stake in the capital of Rodepa Recycling group. The holding company includes recycling companies Rodepa Plastics and De Paauw Recycling. The company is specialised in the trade of plastic waste and the recycling of plastic waste into valuable raw material in the Netherlands and Europe.
This marks the third transaction Simmons & Simmons has advised ING CI on this year, one of them being the investment in EBUSCO B.V., a Dutch company which develops, markets and sells full electric (public transport) buses in the European market.
Rob Hendriks, partner commented: "We are pleased to have advised ING Corporate Investments on their (Equity) investment in Rodepa Recycling Group. After ING CI's investment in electric buses manufacturer Ebusco this is the second investment of ING CI in the innovative, sustainable and environmentally friendly industry sector we advised on. This industry sector forms one of the investment sector focusses of ING CI".
The Simmons & Simmons team was led by Rob Hendriks, assisted by Martijn Stuart, Gijs ter Braak, Michiel Boer, Pieter-Bas den Brave, Geneviève Borremans and Martin Gramsch.