57 Stars’ investment is part of a more than EUR 150 million investment plan aimed at further consolidating GreenGroup’s position as the largest integrated recycling group in Central and Eastern Europe through capex investments and bolt-on acquisitions.
“GreenGroup operates primarily in countries with recycling levels well below EU targets. The company is uniquely positioned to improve the recycling infrastructure in its markets while delivering valuable products to clients across several sectors. 57 Stars expects that the combination should generate attractive returns to shareholders,” commented Carl Balit, Managing Director at 57 Stars. “57 Stars’ global platform allows us to identify and invest in companies that benefit from strong tailwinds while also addressing sustainability challenges.”
GreenGroup is an integrated recycling company with the capacity to process more than 280,000 tons of waste annually, including PET plastic, WEEE, and glass from ten production facilities, and is the largest independent recycled Polyester Stable Fiber (rPSF) producer in Europe. The company capitalizes on the value of waste as an important renewable resource and supports local circular economy solutions at scale.
By recycling and transforming waste into secondary raw materials, the company supports the transition to a circular economy and lowers carbon emissions. GreenGroup contributes directly to Sustainable Development Goals 9 (Industry, Innovation, and Infrastructure), 11 (Sustainable Cities and Communities), and 12 (Responsible Consumption and Production).
About 57 Stars
57 Stars is an independent global alternative investment manager with more than USD 4.5 billion in commitments raised and managed, and a presence in six cities globally. Founded in 2005, the firm invests in high-growth sectors of the global economy driven by secular tailwinds, disruptive forces, and technological innovation.
About 57 Stars Direct Impact Fund
The Direct Impact Fund is 57 Stars’ impact-focused co-investment vehicle seeking measurable impact outcomes without sacrificing risk-adjusted financial returns. Focusing particularly on environmental sustainability, healthcare, and financial inclusion, the Direct Impact Fund leverages 57 Stars’ global platform to co-invest in tech-driven, high-growth businesses promoting environmental sustainability and improving access to products and services for underserved populations, in alignment with the Sustainable Development Goals.
About 57 Stars Global Innovation Fund 2
The Global Innovation Fund 2 is 57 Stars’ sixth-generation flagship investment vehicle. It is a sectorfocused, global, thematic fund committing to structured partnerships, co-investments, and secondaries. Targeting high-growth sectors, the Global Innovation Fund 2 seeks to benefit from innovation in techenabled consumer and enterprise solutions, health and care-related technologies, environmental sustainability, and fintech / financial services.