Eurazeo becomes majority shareholder in French materials and energy recovery specialist
Investors - SEPTEMBER 13, 2023

Eurazeo becomes majority shareholder in French materials and energy recovery specialist

by Kali Persall

Eurazeo, via its Transition Infrastructure Fund, has become the majority shareholder in 2BSI, a materials and energy recovery specialist that operates in niche markets, alongside Garibaldi Participations and a pool of investors from the Caisse d’Epargne group (CELDA/CEPAL) and the management team.

2BSI has established long-term relationships with institutional customers, including Enedis, Orange and SNCF, and has co-created solutions perfectly adapted to their needs, such as the manufacturing of composite poles for Orange.

The group aims to address the challenges of the energy and ecological transition, and it is positioned as a key player in the circular economy and waste-recovery space, with full control of its upstream and downstream processes, through long-term contracts with customers; the provision of high value-added recycled products to its long-term outlet partners; and unique territorial coverage.

As the majority shareholder, Eurazeo will support 2BSI in its decarbonization strategy, helping the company to achieve its environmental objectives by exploring alternative transport and logistics solutions via its subsidiaries SRB, Gravaloire and BME, as well as sourcing bio-sourced resin and creating decarbonized production methods via its Transalpes Composite division. Eurazeo’s investment also will support the company's development organically and through targeted acquisitions.

This is the sixth investment made by Eurazeo's Infrastructure team, which is pursuing its ESG and sustainability objectives by supporting the energy transition and contributing to a low-carbon economy.

“We are proud to invest in 2BSI, a French leader in the recovery of infrastructure waste and biowaste,” said Martin Sichelkow, managing director – infrastructure at Eurazeo. “The quality of its management and the growth prospects of the markets it serves make 2BSI a key player in the circular economy and an important vector in the transition to a low-carbon economy.”

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