After more than a decade, HIG Capital finally exits German recycler DSD

Aug 11, 2022 | News | 0 comments

Global private equity major HIG Capital has sold Der Grüne Punkt – Duales System Deutschland to Circular Resources after more than a decade in its portfolio.

HIG picked up a stake in recyling collection specialist DSD in 2011, and has since expanded the German business into developing its own recycling activities.

Firm managing director Holger Kleingarn said, “For many years, DSD has been spearheading Germany’s development into a circular, sustainable economy and will accelerate this trajectory together with its new owner Circular Resources.

“… our investment in DSD underlines H.I.G.’s expertise in positioning companies for growth in key future sectors.”

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With its two recycling plants, DSD currently produces around 50,000 tons of high-quality plastic recyclate annually, stemming from household, construction, and garden waste.

The company also consults with its blue-chip customers on the recycling-friendly design of packaging.

HIG Capital has more than $50bn of equity capital under management, across private equity, debt, real estate and infrastructure.

Recent deals from the firm include agreeing to sell Valtris Specialty Chemicals to SK Capital Partners two weeks ago. Last month HIG bought speciality paper business Pixelle from US private equity major Lindsay Goldberg.

Earlier this year HIG hired Oliver Slade from Partners Group as managing director to oversee capital raising and investor relations activities in the Middle East.

That hire came just a couple of week after the firm brought in former BC Partners and IK exec Stephan Madsen as a managing director focused on the Nordic region.

Source: AltAssets

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