April 01, 2021
Global investment firm The Carlyle Group (NASDAQ: CG) has announced that it has agreed to sell Liberty Tire Recycling (Liberty) to ECP, an investor with a decades-long reputation in the environmental and sustainable solutions sector. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2021.
Latham & Watkins LLP represents Liberty in the transaction, with a corporate deal team led by Washington, D.C. partners David Dantzic and Victoria VanStekelenburg, with associates Ryan Zumwalt, Faisal Amin, and CJ Harrington II. Advice was also provided on tax matters by New York partner David Raab, with associate Michael Yu; on benefits and compensation matters by Washington, D.C. partner David Della Rocca, with associate Kirk Porter; on environmental matters by Washington, D.C. partner James Barrett, with associate Peter Viola; on real estate matters by New York counsel Shira Bressler; and on antitrust matters by Washington, D.C. partner Marc Williamson, Bay Area partner Kelly Fayne, and Washington, D.C. counsel Peter Todaro, with associate Doug Tifft.