Global law firm Ashurst has advised Arjun Infrastructure Partners ("Arjun") on the sale of up to 50% of RE2Sources and its related assets to VisionEdgeOne ("VE1"), in a structured transaction. As a result, VE1 will become the joint-controlling investor alongside Arjun, who have owned the business since 2023.
Arjun is a European specialist mid-market infrastructure fund manager with assets under management of over €6.4 billion across digital, renewables, transport and utilities, while VisionEdgeOne is an infrastructure investment firm focused on mid-market infrastructure private equity investments.
RE2Sources is a leading biomethane platform in Italy, focused on municipal household waste. The company own, develops and operates anaerobic digestion waste plants. Currently, RE2Sources owns and operates six anaerobic digestion waste plants, including one under construction, with an annual processing capacity of 220kt of waste. The plants also produce 200GWh of biomethane, as well as sustainable fertiliser and biogenic CO2. Biogas is produced mainly from organic waste, which RE2Sources collects from public and private sources. This is upgraded to biomethane, which is injected directly into the national gas grid as renewable gas.
The sale represents another major transaction for Ashurst, who have supported Arjun's investment in RE2Sources on various financings since 2020 and the group's acquisition in 2023.
The cross-border and cross-practice Ashurst team was led by partners Alex Biles, Sarah Gant and Helen Jones in the UK and partner Carloandrea Meacci and counsel Andrea Di Rosa in Italy. The wider Italian team comprised partner Gabriele Accardo, together with counsel Giulia Carnazza and associate Cecilia Ghinassi Carlini, on the antitrust aspects of the transaction. Partner Michele Milanese advised on Italian tax aspects, associates Carolina Quagliata and Francesco Carrà advised on corporate matters and partner Annalisa Santini, with associate Benedetta Francesca Monestier, handled Italian finance aspects.
