Shearman & Sterling has advised Elemental Holding on a USD 290 million equity private placement and investment from the International Finance Corporation, EBRD, and Polish Development Fund.
Established in 2010, Elemental is a recycler focused on extracting palladium, platinum, and rhodium from spent automotive catalysts; gold, silver, and copper concentrate from waste electrical and electronic equipment and printed circuit boards; and non-ferrous scrap metal. Elemental currently has 55 subsidiaries in 35 countries owning more than 50 collection and processing facilities – of which 30 in Europe.
Shearman & Sterling’s team included Partners Pawel Szaja and Nick Withers and Associates Isla Smith, Daniel Senior, Olivia Roxborough, Richard Quarshie, Edward Jones, Jonathan Bowering, Lucy Foulkes, and Catherine Bar.
Shearman & Sterling did not respond to our inquiry on the matter.
Editor’s Note: After this article was published, Hogan Lovells announced it had advised the IFC, EBRD, and Polish Development Fund. The firm’s team included Warsaw-based Counsel Tomasz Zak and Senior Associates Piotr Kwasiborski and Tomasz Pietrzak as well as team members in London, Hamburg, Luxembourg, and Washington DC.
