Shearman & Sterling advised Trail on the disposal of its majority stake in Sepur, a municipal waste collection operator in France.

Cube Infrastructure Managers, a leading European infrastructure investor, has agreed to acquire a majority stake in Sepur through its fund Cube Infrastructure Fund III in partnership with its founder Hervé Matuszewski, who will remain a minority shareholder.

Cube and its partners are committed to support the continuous growth of Sepur with the ambition to accelerate its expansion in France.

Closing of the transaction remains subject to clearance by the competent antitrust authority.

The Team