A fund managed by iCON Infrastructure has entered into a binding agreement to acquire a majority shareholding in the Meinhardt Group from the Meinhardt family.
Founded in 1964, Meinhardt Group is a waste management business based in Germany. The company operates across 17 sites in the Rhine-Main region and handles more than 1 million tonnes of waste every year. The business provides collection, transportation, sorting, recycling and disposal services to both municipal, commercial and industrial and dual-system customers across four federal states.
iCON is acquiring the majority stake in Meinhardt Group via its iCON Infrastructure Partners VII, which closed in July with $3.7 billion of capital committed from more than 50 blue-chip institutional investors.
After the deal closes, the Meinhardt family will retain a minority shareholding in the business. Financial terms were not disclosed, but the companies revealed the transaction is expected to close in fourth quar
