Agilitas completes sale of the Reconor Group
The pan-European mid-market private equity firm, Agilitas, along with other minority shareholders, have successfully completed the sale of the Reconor Group to a fund advised by Basalt Infrastructure Partners LLP. Plesner acted as a lead legal counsel for Agilitas on the transaction.
Founded in 1977, The Reconor Group is a leading Danish provider of environmental and sustainable solutions for handling soil, construction, and demolition waste. The Reconor Group provides its core offerings through its resources business, Norrecco, and its logistics business, City Container.
Agilitas initially backed the buyout of the Reconor Group in 2015, and since then, the Reconor Group has set new industry standards by offering innovative and future-ready solutions for its customers. With more than 600 skilled employees in Denmark and strategically positioned recycling and remediation facilities in key areas, the Reconor Group is poised for continued growth under the ownership of funds advised by Basalt Infrastructure Partners.
Basalt Infrastructure Partners LLP is the investment advisor to the Basalt funds. The Basalt funds are infrastructure equity investment funds focusing on mid-market investments in utilities, power, transport, and communications infrastructure in North America and Europe.
Plesner's core M&A team on the transaction was Henrik Rossing Lønberg, Martin Anton Svarrer, Mads Tolbøll Milbregt, Annemette Guldborg Jensen and Gustav Holm.
