GLNS advised impact private equity fund Vidia Equity in connection with the acquisition of specialized plastic recycling company Best Plastic Management GmbH (BPM).
BPM specializes in the disposal and recycling of post-industrial plastic waste. At their site near Bremen, Germany, BPM currently generates output of 20,000 metric tons of recycled material per year. Through its operational support and the necessary capital, Vidia Equity now aim to increase BPM’s capacity to up to 60,000 metric tons p.a., resulting in CO2 emission avoidance of well over 3,000 tons p.a., per million euro invested.
Vidia is a private equity fund investing in companies with proven technologies that contribute to, and benefit from, the transition to a net-zero economy by offering both financial and non-financial support to drive disproportionate green growth, while unlocking operational value. The synergistic combination of climate solutions impact and financial value creation is at the core of Vidia’s investment strategy.
GLNS comprehensively advised Vidia in connection with this transaction with a team led by Georg Lindner together with Dr Patrick Droese (both Corporate/M&A), Dr Anselm Lenhard, Philip Büchler (both Finance) and Nicholas Schildhauer (Corporate/M&A).
The area of labour law was covered by Pusch Wahlig Workplace Law (Eckbert Müller, Anna Martin) while Latham & Watkins (Stefan Süß) covered tax law matters and real estate law matters were covered by GSK Stockmann (Stefan Schlapka, Maximiliane Bartsch).