Algebris Investments’ first private equity fund, the Algebris Green Transition Fund, is acquiring a majority stake in Omnisyst, an Italian provider of waste management solutions for industrial and commercial clients in what will be the fund’s first investment.
The Algebris Green Transition Fund will acquire 70% of the share capital of Omnisyst from Ezio Speziali, founder and current CEO, who will remain CEO and a 30% shareholder.
Omnisyst provides services in waste management, logistics, waste treatment, recycling, and material recovery to the private sector. Omnisyst has a fully digital process and real-time traceability, thanks to proprietary software that allows the company to monitor and offset waste management-related carbon emissions.
The Algebris Green Transition Fund recently closed its first round of fundraising, with commitments of around €200 million from major Italian and international institutional investors.