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Agilitas funds to sell Reconor Group to Basalt Infrastructure Partners

Agilitas Private Equity (Agilitas), a pan-European mid-market private equity firm, is to sell Denmark-based environmental services specialist the Reconor Group (Reconor) to a fund advised by Basalt Infrastructure Partners LLP (Basalt).

Reconor helps its customers meet Denmark’s high standards of responsible and environmentally safe recycling, and helps municipalities with waste collection.

The company’s fundamental purpose is to reduce waste generation through the prevention, reduction, and reuse of material, and to reduce the use of natural resources through the application of circular economy principles. The company remediates over 2.1 million tonnes of soil per year and handles over 0.8 million tonnes of mainly reusable waste, overseeing daily operations involving 230 trucks and 31,000 containers across Denmark. The majority of this waste is recycled for reuse in secondary markets.

Financial terms of the transaction, which is subject to approval from the Danish Competition and Consumer Authority., have nor been disclosed.

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