Polish investment house Enterprise Investors
– through their EVF I fund – has agreed to invest an amount of EUR7 mln
in Elemental Holding, currently the nation’s biggest recycler of
electro and non-ferrous waste materials. In exchange, EI will receive a
10.2 per cent stake in the company. Apart from helping meet certain
CapEx requirements, the funds will partially go towards acquiring other
businesses in an effort to consolidate Poland’s scrap-collection
industry.
Elemental Holding (www.elemental-holding.pl)
Elemental Holding is currently Poland’s
largest processor of non-ferrous metal waste and other related scrap
products. Founded in 2009, EH has quickly scaled its operations to a
revenue level of EUR215 mln as of 2012 figures. It is also the fastest
growing company in its segment, inorganically adding several companies
such as Terra Recycling and Syntom in the past three years. The company
is now a year old in the New Connect listings – an alternative to the
Warsaw Exchange – and is currently headed by the President of the
Management Board, Pawel Jarski.
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