Impact investment company Summa Equity has acquired a majority stake in the Bollegraaf Group.
The acquisition of Bollegraaf happens about a year after Summa presented their report “Investing in a circular and waste-free Europe”. The report identified how a €230bn investment is needed by 2040 for new physical assets and infrastructure to enable the transition to a circular European economy.
Bertrand Camus, Thematic Partner, Summa, comments, “Bollegraaf is a key enabler in decarbonizing the materials system. As a leader in the recycling industry, we’re proud to be working with them to continue the evolution of their innovative and circular solutions.”
Bollegraaf has a strong impact profile through actively contributing to the EU taxonomy. Summa sees that Bollegraaf fits well in their resource efficiency theme. Optimising the use of natural resources is one of the spearheads of Summa’s strategy and in this challenge they will from now on join forces with Bollegraaf. Investing from its €2.3bn Summa Equity Fund III, this acquisition leverages Summa’s expertise in enhancing portfolio companies’ strategies to create long-term value and address critical global issues.
Over the last decades, Bollegraaf has grown into a total solution provider in the recycling industry. Bollegraaf provides waste management companies worldwide with state-of-the-art sorting installations and machinery. Innovations in advanced mechanical recycling are at the core of these high-end solutions. Bollegraaf’s technologies and solutions help reduce carbon footprints associated with material processing and recycling and increase recycling rates. It therefore plays a crucial role in the transition towards more sustainable and low-carbon industrial practices.
Edmund Tenfelde, CEO, Bollegraaf, comments, “Bollegraaf is a frontrunner in the recycling industry. We are convinced that in partnership with Summa, Bollegraaf can accelerate further growth and drive the transition to a circular economy. Together with Summa, we can invest in innovation and advanced technologies and improve the solutions for our clients through strategic acquisitions. Summa’s industry advisor network is also playing a crucial role in uncovering new opportunities to enhance our efforts.”
The acquisition is pending regulatory approvals and is expected to close in October 2024.
