12th July 2021

Pemberton finances new acquisitions by circular economy and recycling leader ReLife Group


Overview

Pemberton, a leading European private debt manager transforming traditional credit markets, backed by one of Europe’s largest insurers, Legal & General Group PLC, has agreed to arrange and underwrite a €265m bond to support circular economy and recycling leader ReLife Group’s growth via acquisitions.

ReLife S.p.A. is the leading private Italian circular economy player focused on recycling of urban and industrial dry waste, Xenon Private Equity is the largest shareholder. Their 18 production sites are located in Liguria, Piedmont, Lombardy, Veneto and Tuscany and their activities organised in 4 divisions: recycling, paper mill, paper packaging and plastic packaging.

The financing is aimed at funding the acquisition of Gruppo Plastipolver, specialized in the treatment and recycling of plastics, as well as of Gruppo General Packaging, a producer of carboard boxes made of recycled paper.

The investment in ReLife is a great example of the positive ESG screening Pemberton undertakes with new investment opportunities. As a leader in waste recycling and the circular economy in Italy, ReLife is driving the concepts of sustainability and the responsible use of resources. The financing will also provide further resources to support future acquisitions.

We are delighted to support the growth of ReLife, a leading player in the circular economy space in Italy with a unique business model. ReLife provides its clients with new products made through the treatment of their own waste, implying a radical shift from traditional waste management to environmental impact minimization and sustainability.

– Francesco Di Trapani, Senior Advisor at Pemberton

About the author

Francesco Di Trapani

Senior Advisor, Southern Europe