Latham Advises on Divert’s Strategic Partnership With Mitsubishi to Scale Circular Infrastructure Across North America

Divert, Inc., a circular economy company on a mission to prevent food from being wasted, has announced a strategic partnership with Mitsubishi Corporation serving as the lead investor in Divert’s Series C financing. This partnership is a first-of-its-kind model for the organics resource recovery industry, reflecting the demonstrated success of Divert’s commercially and operationally proven platform and elevating the company to a valuation of over US$1 billion.

Latham & Watkins LLP advised on the transaction, with a corporate deal team led by Boston partner Stephen Ranere and Boston counsel Naomi Smith, with New York associate Jaime Fong.