Another productive summer with Invalda INVL and, as a result, 2nd Polish deal incoming to my #privateequity collection 🏆 Altogether with our portfolio company Eco Baltia we agreed to acquire the largest Polish PVC recycler Metal-Plast. It will become our 2nd circular economy #investment play in portfolio. Some facts about the company: 🟢 Metal-Plast is specializing in PVC #recycling from windows and door systems. 🟢 Company is carbon negative: 1 tonne of recycled PVC = 2 tonnes of saved CO2 emissions. Nota bene: the most effective way to increase the energy efficiency of buildings is to replace old windows. As consequence, numerous tailwinds are blowing in favour of PVC recycling industry: 🟢 `Fit for 55` EU regulatory package that aims to reduce CO2 emissions by 55% until 2030 🟢 `Clean air` building renovation program in Poland (€23.2bn) 🟢 Incoming renovation boom in whole Europe financed by EU's national recovery plans (€57bn per year) 🟢 Huge underlying - Polish window manufacturing industry (biggest in Europe) with pledges from manufacturers to use recycled content. Kudos for leading partner Vytautas Plunksnis for such a great transaction and huge thanks to my Colleague Justas Bučelis for comprehensive support.
AGREEMENT: INVL Baltic Sea Growth Fund, the leading #private #equity #fund in the Baltic States, together with its portfolio company Eco Baltia, the largest #wastemanagement and #recycling group in the Baltics, announces the signing of an agreement to acquire a 70% stake in the largest Polish PVC windows recycler, Metal-Plast. The #transaction is expected to close in Q4 2023, subject to receiving permission from the Polish Office of Competition and Consumer Protection as well as fulfilling other conditions precedent. Vytautas Plunksnis, Partner at INVL Baltic Sea Growth Fund and Chairman of the Eco Baltia Supervisory Board, said: “Metal-Plast represents the 8th portfolio investment of INVL Baltic Sea Growth Fund. The circular economy remains one of our core investment pillars and we are delighted to again partner with one of the most successful portfolio companies to date in Eco Baltia and Mr. Fedorowicz to further drive Metal-Plast’s exciting growth journey.” Read more: https://lnkd.in/eCMdMzT6 #BSGF #fund #transaction #privateequity #wastemanagement #recycling #investing #investment #agreement #lithuania #baltics #poland