Link Legal has represented as legal counsel to Ramky Enviro Engineers Limited (REEL), a Hyderabad based waste management services group, its Promoter, and Promoter Group for its 60% stake acquisition by KKR for USD 530 Million through a combination of primary and secondary investments.

REEL is a leading provider of environmental services and solutions in India and overseas, and provides services including management, collection, transport and processing of hazardous, municipal, biomedical and e-waste, as well as the recycling of paper, plastic and chemicals. It also drives renewable energy generation with focus on waste-to-energy processes. Ramky has a presence in over 60 locations across 20 Indian states, as well as in certain Southeast Asian, Middle Eastern and African markets.

The deal is the largest foreign investor action — and the first private equity buyout — in India’s fledgling environmental services sector, bolstered by the government’s initiatives in urban waste management and sanitation infrastructure.

Link Legal team comprised of Mr. Venkat Satyanarayana (Partner), Ms. Jyoti Maheshwari (Partner), Ms. Rashmi Menon (Associate), Ms. Zil Shah (Associate), and Ms. Shruthi Rao D (Associate).

KKR was represented by CAM.