Eurazeo has invested in materials and energy recovery specialist 2BSI via its Transition Infrastructure Fund to support the group in its decarbonisation strategy.

IPE Real Assets understands that Eurazeo invested €50m for its stake in 2BSI.

The deal makes Eurazeo the majority shareholder in 2BSI, alongside existing investor Garibaldi Participations, as well as a pool of investors from the Caisse d’Epargne group, and the management team.

Founded in 1993, 2BSI operates in a variety of niche markets including the recovery of concrete poles and sleepers (via its divisions SRB and Gravaloire) and class C hazardous wood (SRB and Gravaloire), manufacturing of composite poles (via its division Transalpes Composites), and recovery of bio-waste (via its division BME).

2BSI said its ambition is to address the challenges of the energy and ecological transition through its role in the circular economy and waste recovery space. It has full control of its upstream and downstream processes through long-term contracts with customers, provision of high-value-added recycled products to its long-term outlet partners, and “unique territorial coverage”.

Through this investment in 2BSI, Eurazeo is tackling the challenge of accounting for ESG issues in the recovery of infrastructure waste. Eurazeo will support 2BSI in achieving its environmental objectives, notably by exploring alternative transport and logistics solutions via its subsidiaries SRB, Gravaloire and BME, as well as sourcing bio-sourced resin and creating decarbonised production methods via its Transalpes Composite division. Eurazeo’s investment will also support the company’s development, both 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.

Richard Molina, CEO of 2BSI, said: ”The 2BSI team and I are delighted to welcome Eurazeo as a new shareholder. Joining forces with a leading European fund is a strategic step in continuing our development as a major player in the highly specialised recycling business.

”We are convinced that this partnership will help us strengthen our leading position in the French regional market and accelerate the decarbonization of our activities and our development in biowaste.”

Martin Sichelkow, managing director – infrastructure at Eurazeo added: ”We are proud to invest in 2BSI, a French leader in the recovery of infrastructure waste and bio-waste. 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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