Der Grüne Punkt: Leading Plastics Recycler on Course for Financial Revamp
Deal News | Jan 07, 2025 | Ropes & Gray
Ropes & Gray has advised Der Grüne Punkt, a pioneering waste management and plastics recycling business, on the financing aspects of their comprehensive recapitalisation and refinancing. Established in 1990 as the first dual system recycling company, Der Grüne Punkt is instrumental in Germany's circular economy by facilitating the nationwide collection and recycling of sales packages. The recent financial revamp extends the maturity of DSD's financial instruments, helping the company bolster its position in the recycling value chain. The advisory team was spearheaded by finance partner Benoit Lavigne and included counsel Sean Darling, associate Cameron Storah, trainee Ben McIntee, and private equity partner Dan Oates.
Sectors
- Waste Management
- Plastics Recycling
- Corporate Finance
Geography
- Germany – Der Grüne Punkt is located in Germany and operates its recycling and waste management activities nationwide.
Industry
- Waste Management – Involves the collection, transportation, recycling, and disposal of waste. Relevant due to Der Grüne Punkt's operations in managing recyclable materials.
- Plastics Recycling – Focuses on converting plastic waste into reusable material. Directly applicable since Der Grüne Punkt specializes in plastics recycling within the circular economy.
- Corporate Finance – Involves managing financial activities for businesses, including recapitalisation and refinancing. Relevant because Ropes & Gray advised on these financial transactions.
Financials
- Not specified – Details of the financial recapitalisation and refinancing, including any specific amounts or terms, were not provided.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Der Grüne Punkt (DSD) | Target Company | Company | A waste management and plastics recycling business in Germany, known for its nationwide collection and recycling activities. |
| Ropes & Gray | Legal Advisor | Company | A global law firm advising Der Grüne Punkt on financing aspects of recapitalisation and refinancing. |
| Benoit Lavigne | Finance Partner | Person | Lead finance partner from Ropes & Gray on the Der Grüne Punkt deal. |
| Sean Darling | Counsel | Person | Part of the Ropes & Gray team advising on the financial aspects. |
| Cameron Storah | Associate | Person | Associate at Ropes & Gray involved in the advisory process. |
| Ben McIntee | Trainee | Person | Trainee at Ropes & Gray supporting the advisory team. |
| Dan Oates | Private Equity Partner | Person | Provided additional support from a private equity perspective at Ropes & Gray. |