Shearman And Sterling

News January 11, 2023

Elemental Holding $290 million Private Placement

Shearman & Sterling advised Elemental Holding (Elemental), the global urban mining and recycling company originating from Poland, with headquarters in Luxembourg, in connection with a $290 million equity private placement and investment from International Finance Corporation, European Bank for Reconstruction and Development and the Polish Development Fund. 

Established in 2010, Elemental is a global recycler focused on extracting palladium, platinum and rhodium from spent automotive catalysts; gold, silver and copper concentrate from waste electrical and electronic equipment, 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 are across Europe and the rest are outside of Europe (in U.S., Turkey, UAE and Malaysia). 

The Shearman & Sterling team below was supported by Olivia Roxborough, Richard Quarshie, Edward Jones, Jonathan Bowering, Lucy Foulkes and Catherine Bar.

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