The EQT Infrastructure V fund has plans to sell a 25 percent minority stake in Reworld, a leader in sustainable waste solutions, to GIC, Singapore’s sovereign wealth fund, via a combination of primary and secondary capital. Financial terms were not disclosed.
Reworld provides innovative and environmentally responsible services to businesses and communities throughout North America. EQT Infrastructure took the company private in November 2021 and will remain the largest shareholder following the closing of the transaction.
Since 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, the company reduces, recycles and recovers more than 20 million tons of waste across more than 100 facilities for more than 4,600 customers.
As a strategic partner, GIC's significant financial capital and scale will play an essential role in accelerat
