Macquarie, via its European Infrastructure Fund 7 and British Columbia Investment Management Corporation (BCI), worked together to complete the deal.
Renewi focuses on extracting value from waste and used materials, diverting waste flows from incineration or landfill. The company sorts and processes more than 10 million tonnes of waste and wastewater at around 150 sites, primarily across the Netherlands and Belgium.
It utilises technology to turn waste into circular materials, including paper, metal, plastics, glass, wood, building materials (including sand, gravel and cement replacements), compost and water.
The Consortium will support Renewi to enhance its position across the Netherlands, Belgium, France and Portugal, supporting the business’ transformation initiatives, including the One Renewi strategy.
The Consortium’s investment will also hopefully enable Renewi to achieve its growth ambitions and increase the company’s recycling yield further.
Working towards a circular Europe
Gabriele Duesberg, head of diversified infrastructure – EMEA at Macquarie Asset Management, said: “As countries across Europe look to transition to waste-free economies, Renewi is well positioned to capitalise on this demand with its strong growth ambitions and innovative waste solutions.”
Lincoln Webb, executive vice president and global head, infrastructure and renewable resources at BCI, said: “This acquisition represents an exciting opportunity for us to work alongside Renewi, an established player in the waste sector. We look forward to supporting the business with its transformation initiatives and long-term growth plans, helping to contribute to a more circular economy in Europe.”
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