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- ACON Completes Divestment of CONTENUR to Nexxus Iberia
ACON Completes Divestment of CONTENUR to Nexxus Iberia
Slice of Manufacturing Team
August 05, 2024
Key Highlights:
ACON fully divests its interest in CONTENUR to Nexxus Iberia.
CONTENUR is a leading manufacturer in municipal waste containers.
Company operates in over 50 countries with €170 million in sales.
Nexxus to invest in CONTENUR's growth and sustainability efforts.
Source (PR Newswire)
Notable Quotes:
"We are excited to have completed the second investment by our fund. Further, we are pleased to be partnering with a management team that has led the Company for 30 years and in which we have complete confidence."
"We are pleased to enter into this strategic partnership, which validates our unique business model and our approach to business. We look forward to accelerating our geographic expansion, improving our product catalogue and reinforcing our commitment to sustainability in all aspects of our business."
"We executed on our investment thesis which focused on consolidating existing markets and developing new white space around the globe. This resulted in a significant impact on sales and EBITDA. CONTENUR illustrates the competitiveness of medium-sized businesses in Spain."
Our Take:
The completion of ACON’s divestment of CONTENUR to Nexxus Iberia signifies a strategic move in the private equity landscape, highlighting the robust potential within the waste management sector. CONTENUR’s significant market presence and international expansion underscore the company's strength and adaptability. Nexxus's investment, backed by reputable entities like Schroders and the EIF, positions CONTENUR to further its sustainability initiatives and market growth. This transition marks a pivotal step in CONTENUR’s journey, poised to leverage new opportunities and solidify its leadership in the sector.