September 11, 2024
Successful advisory for PB Group during its acquisition by PolymerCycle, a platform company of Vidia
The Vidia Climate Fund I (EUR 415 million fund volume) has acquired the PB Group, a technology leader in high-quality plastics recycling, via the buy-and-build platform PolymerCycle.
Transaction
Consisting of PB Solutions GmbH and ATP Service & Consulting GmbH, the PB Group has experienced strong and sustainable growth in recent years and has become a technological leader in the analysis, processing, and separation of high-quality plastics. Together with BPM, acquired in 2023, PBS and ATP now form the nucleus of the newly established PolymerCycle Group, ideally complementing its planned growth strategy.
The previous sole shareholder of the PB Group, Patrick Blessing, joins the management of PolymerCycle Holding as CEO, where he will play a key role in driving the group’s strategic development. At the same time, he will continue to serve as Managing Director of PBS and ATP.
“Joining PolymerCycle is an exciting step for us,” says Patrick Blessing. “Together, we will further develop our processing and separation technologies and offer our customers an even broader range of products and services – from unsorted raw materials to finished recyclates.”
About PB Group
PB Group, headquartered in Schömberg near Stuttgart and with a total of four locations across Germany, is a leading German recycling service provider focusing on the analysis, processing, and trading of post-consumer and post-industrial plastic waste.
About Vidia Equity
VVidia is a medium-sized investment company based in Munich with a focus on investing in companies that offer climate solutions in the three core segments of circular economy, electrification, and industrial materials.
PolymerCycle is a recently established platform of the Vidia Climate Fund I, which aims to become a market leader in plastic recycling through organic growth and acquisitions.
Our contribution
The SGP Corporate Finance team acted as exclusive M&A advisor to the shareholders of the PB Group throughout the entire transaction process. The transaction once again underscores the SGP M&A Advisory team's deep understanding of the M&A market, particularly with regard to succession, growth, and private equity portfolio issues.
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