PATRIZIA has expanded its Pan-European circular economy platform with an investment in Greenthesis, an independent Italian waste management group, at an equity value of approximately €340 million ($369 million).
PATRIZIA plans to acquire a 40 percent equity stake in the group upon successful completion of a mandatory takeover offer. The investment will be made through PATRIZIA’s flagship European mid-market infrastructure strategy.
Founded more than 30 years ago, Greenthesis has grown organically and through a series of acquisitions and partnerships. It provides a circular economy solution for the treatment of waste across the entire value chain and has expertise in both urban and special waste sectors, with a key focus on the most significant value-add activities in the waste-based circular economy, such as remediation, treatment and disposal.
Greenthesis owns and operates 20 industrial sites predominantly across northern and central Italy, which are dedica