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Latham & Watkins Advises GFL Environmental Inc. on Sale of Environmental Services Business

January 7, 2025
Multidisciplinary team represents the diversified environmental services company in the transaction at an enterprise value of C$8.0 billion.

GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) (GFL) has announced that it has entered into a definitive agreement with funds managed by affiliates of Apollo (NYSE:APO) and BC Partners for the sale of its environmental services business for an enterprise value of C$8.0 billion (the Transaction). GFL will retain a C$1.7 billion equity interest in the environmental services business and expects to realize cash proceeds from the Transaction of approximately C$6.2 billion net of the retained equity and taxes.

Latham & Watkins LLP represents GFL Environmental in the Transaction with a corporate deal team led by New York partners Michael Vardanian, Matthew Villar, and Paul Kukish, with associates Josh Meyer, Grant Steiger, Emilie Cullen, and Morgan Hagenbuch. Advice was also provided on financing matters by New York partners Stelios Saffos, Salvatore Vanchieri, and Kendra Kocovsky; on tax matters by New York partner Eric Kamerman, with associate Ted Gkoo; on benefits and compensation matters by New York partners Austin Ozawa and Megan Alessi, with associate Drew Baker; on labor and employment matters by Chicago counsel Laura Waller, with associate Elizabeth Duncan; on real estate matters by New York partner Dara Denberg and New York counsel Lisa Brabant, with associate Michael Nieberg; on environmental matters by New York partner Gary Gengel, with associate Brittany Curcuru; on intellectual property matters by New York partners Jeffrey Tochner and Pelin Serpin; on data privacy matters by Bay Area partner Robert Blamires, with associate Kiara Vaughn; on public company matters by New York counsel Irina Yevmenenko, with associate Naseem Faqihi-Alawadhi; on antitrust matters by Washington, D.C. partners Mandy Reeves and Lindsey Champlin and Washington, D.C. counsel Britton Davis, with associate Margaret Cohen; and on CFIUS matters by Washington, D.C. partner James Barker.

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