Debevoise & Plimpton LLP has advised Canada Pension Plan Investment Board (“CPPIB”) in its investment in convertible preferred equity securities of a parent company of Advanced Disposal Services, Inc. (“Advanced Disposal”).
Headquartered in Ponte Vedra, Florida, Advanced Disposal is the fourth largest solid waste company in the U.S. and provides integrated, non-hazardous solid waste collection, transfer, disposal and recycling services to approximately 2.8 million residential customers, 215,000 commercial and industrial customers and more than 800 municipal customers across 16 U.S. states and the Bahamas.
Canada Pension Plan Investment Board is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (CPP) to pay current benefits on behalf of 19 million contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income instruments.
The Debevoise team was led by partner Kevin M. Schmidt and included partner Peter F.G. Schuur, counsel Stuart Hammer, and associates Danli Guo, Samuel M. Duncan, Kevin R. Grondahl and Nicholas C. Scholten.
Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.