Recycling / circular economy
N.D.
France FR

Scope of intervention

Sycomore Corporate Finance acted as financial advisor to HIG Capital in the exclusive negotiations for the disposal of Groupe Ecore to Derichebourg

Date of closing

On going
In December 2020, HIG Capital, a world-leading private investment house, announced the signing of the disposal of Groupe Ecore, a major player of the European recycling and circular economy, to Derichebourg.

Rationale

The acquisition is part of Derichebourg’s strategy to further expand its presence in Europe:

  • Benefit from Groupe Ecore expertise, especially in metal recycling (#2 player in France)
  • Generate operational synergies, notably through higher territorial density and economies of scale
  • Extend geographical footprint in Europe, notably in France.

Groupe Ecore at a glance

Groupe Ecore is a major player of the circular economy in Europe, founded by Guy Dauphin in the 1960s. It controls all activities in the recycling chain: From end-of-life material collection to the marketing of new secondary raw materials. Groupe Ecore is notably the second largest player in metal recycling in France.

HIG Capital at a glance

HIG Capital is a leading global alternative investment firm with $44 billion of equity capital under management, with a focus on the small cap and mid cap segments of the market. The HIG family of funds includes private equity, growth equity, real estate, debt/credit, lending and biohealth. We align ourselves with committed management teams and entrepreneurs and help build businesses of significant value. We invest in companies throughout the U.S., Europe and Latin America.

Derichebourg at a glance

Derichebourg is a global operator in environmental services to businesses, local and municipal authorities. Its activities can be divided into two separate branches: the Environment division and the Multiservices division. Both share the same basic values and common ambition: Serving mankind while protecting the environment. In 2020, Derichebourg generated €2.5bn in sales in 10 countries.