The acquisition of Bollegraaf has come about a year after Summa’s report: “Investing in a circular and waste-free Europe”.
The report identified how an investment of 230 billion euros 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.”
Investing from its 2.3 billion euros 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 is said to have grown into a “total solution provider” in the recycling industry, providing waste management companies with sorting installations and machinery.
Edmund Tenfelde, CEO of Bollegraaf, commented: “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 takes over Bollegraaf from Capital A Investment Partners, who has been the controlling shareholder for the past nine years. The acquisition is pending regulatory approvals and is expected to close in October 2024.
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