New investor Summa Equity paves way for further growth Bollegraaf Group
15.10.2024The Bollegraaf Group, the world’s largest creator of recycling facilities and key player in the recycling sector, has a new investor: Summa Equity, an impact investment firm that focuses on solving global challenges, one of them being resource efficiency.
Bollegraaf provides waste management companies worldwide with state-of-the-art sorting installations and machinery
© Bollegraf
Impact investment firm Summa Equity has acquired a majority stake in the global leader of turnkey recycling solutions, 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 € 230 bn investment is needed by 2040 for new physical assets and infrastructure to enable the transition to a circular European economy.
Bertrand Camus, Thematic Partner at Summa commented: “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 HBC100SL
© Bollegraf
Bollegraaf has a strong impact profile through actively contributing to the EU taxonomy. Summa sees that Bollegraaf fits well in their resource efficiency theme. Optimizing 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 € 2.3 bn 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.
Bollegraaf's technologies and solutions help reduce carbon footprints associated with material processing and recycling and increase recycling rates
© Bollegraf
Edmund Tenfelde, CEO of Bollegraaf commented: “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 of Bollegraaf is being made within Summa’s Resource Efficiency investment theme and contributes positively to UN Sustainable Development Goal #11.6, #12.5 and #13.1. Summa takes over Bollegraaf from Capital A Investment Partners, who has been the controlling shareholder for the past 9 years. In this period, with Capital A‘s support, the Bollegraaf Group experienced significant growth and innovative breakthrough, positioning the company as a key player in the recycling industry.
The acquisition is pending regulatory approvals and is expected to close in October 2024.
