Blue Phoenix announces that it has entered into a binding agreement to purchase a 100% equity stake in RGS Nordic A/S (“RGS”). Completion should occur in the coming weeks.
Blue Phoenix announces that it has entered into a binding agreement to purchase a 100% equity stake in RGS Nordic A/S (“RGS”). Completion should occur in the coming weeks.
RGS Nordic is the market leader in the treatment and recycling of soil and construction and demolition (“C&D”) waste in Denmark. It operates 18 reception and treatment facilities
and processes c. a third of all waste from construction projects in Denmark. In total, RGS Nordic employs more than 200 employees.
RGS’s mission, consisting in transforming waste into recycled materials, is anchored into sustainability. RGS takes an active approach to social responsibility and works to address
climate, environmental and biodiversity by reducing the demand on natural resources and by giving used materials new life, reducing CO2 emissions and minimizing the
environmental impact from production in society.
The acquisition will mark the entry of Blue Phoenix into both the soil and construction waste recycling sector and to the Nordic market. It reflects Blue Phoenix's strategy to develop a diversified waste recycling platform.
Paul Knight, CEO of Blue Phoenix said “RGS Nordic is a major strategic acquisition for Blue Phoenix, which will increase Blue Phoenix's geographical footprint into the Nordics and expand our service offering into the soil and construction and demolition waste (“C&D”) treatment sectors, in line with our mission to reintroduce high-quality recycled products into industry and construction. Soil and C&D waste is the largest source of waste in Denmark, constituting two thirds of all waste by volume. It is vitally important that this waste is treated in accordance with the most stringent environmental standards. We are excited and proud to welcome RGS, a recognised European market leader in the sector, which shares our vision and values, into the Blue Phoenix Group. The acquisition continues our strategy of expansion through both organic growth and acquisitions.
Nicolai Søegaard, CEO of RGS Nordic said “We are incredibly proud to become part of Blue Phoenix, who share our circular mindset and the vision of increasing recyclability in society. By joining Blue Phoenix, RGS Nordic gains the opportunity to accelerate our methods and technologies internationally. I would like to take the opportunity to thank our employees for the journey thus far, we are all looking very much forward to the next phase of the journey as part of Blue Phoenix.”
Danske Bank Corporate Finance acted as exclusive financial advisor and Moalem Weitemeyer acted as exclusive legal advisor to Blue Phoenix.
The acquisition is pending the standard approval process from the Danish Business Authority.
Simon Leed Krøs | Communications Manager | RGS Nordic | slkr@rgsnordic.com | M: +45 3051 6140
Blue Phoenix
Amy de Jong-Townsend | Blue Phoenix | amy.townsend@blue-phoenix.com | +31 (0) 6 51 17 39 26
InfraVia
Antoine Denry | Taddeo | antoine.denry@taddeo.fr | +33 (0) 6 18 07 83 27
Clémence Midière | Taddeo | clemence.midiere@taddeo.fr | +33 (0) 6 46 76 70 22
Gwenaëlle Boucly | InfraVia Communications Director | gboucly@infraviacapital.com | +33 (0) 6 80 57 33 01
Daiwa International Capital Partners
Gregor Jackson | CEO, Daiwa ICP | gregor.jackson@daiwa-icp.com | +44 (0) 20 4551 2778
Blue Phoenix is a global resource company. Every day, we recover value from materials others discard. From incinerator bottom ash and construction waste to contaminated soil and tar-containing asphalt. We specialise in transforming complex materials into renewed resources for construction and infrastructure.
Operating on four continents, Blue Phoenix teams are on a daily mission to shift the world’s mindset from seeing waste as a problem to recognising it as potential. Through smart sorting, recycling and recovery, we give materials new life - with safety as our core value and guiding principle.
We partner with clients, plant operators, contractors, regulators and the wider society to create a truly circular economy. Working together towards our mission of nothing wasted, every resource reborn.
Founded in 2008, InfraVia is a leading independent private equity firm specializing in investments in fixed assets – infrastructure, critical metals, real estate and technology.
InfraVia focuses on robust companies that partner with management teams, entrepreneurs or industrial companies to develop their business and drive long-term value creation through active, hands-on asset management. Headquartered in Paris, with a team of over 100 people and 100% partner-owned, InfraVia manages €16 billion in capital* and has invested in over 50 companies across Europe. *Total capital raised.
www.infraviacapital.com
Daiwa International Capital Partners was established in 2020 by Gregor Jackson and Daiwa
International Investments GK as an independent manager of high-quality infrastructure assets
quality in waste management, circular economy and energy transition.
You can read more about Daiwa International Capital Partners by visiting this website: www.daiwa-icp.com