Abris Capital Partners (Abris), a Central European private equity investor, has supported GreenGroup, the largest integrated recycling group in Central Europe, in a €127m fundraising.
The financing will allow GreenGroup to build on the successful growth already delivered since Abris’ entry and accelerate its plans to scale up its operations across the region, developing unique solutions to recycle previously discarded materials and to penetrate new segments.
The funding was raised through a syndication of banks including UniCredit Bank and Raiffeisen Bank as coordinating banks, and BCR, ING Bank and OTP Bank. This syndication reinforces the trust of GreenGroup’s partners and their strong commitment to the group and its transition into a circular economy business.
Abris first invested in GreenGroup in 2016, acquiring majority control of the Romanian integrated recycling group. Since then, the business has expanded rapidly, and now has the capacity to process 280,000 tonnes of waste per year, including PET, electronic equipment, lamps, batteries and glass, at 10 production facilities across Romania, Slovakia and Lithuania.
