Ecobat Completes Sale of European Battery Business to Endless
Deal News | Jun 02, 2025 | PR Newswire Cision Ecobat
Ecobat, a global authority in battery recycling, has officially concluded the sale of its European battery distribution business to Endless LLP, a private equity firm rooted in the UK. Under this transaction, the division—previously instrumental in Ecobat's supply of varied battery applications across Europe, including fields like automotive and industrial—will continue operations under the auspices of Endless LLP. Ecobat President & CEO Tom Slabe expressed satisfaction with the transaction, calling it part of the company's plan to divest non-core assets and concentrate on their core objective: sustainable battery recycling. Endless, noted for supporting non-core acquisitions and strategic carve-outs, will helm the division moving forward. Ecobat remains committed to exploring future opportunities to amplify shareholder value. Financial and legal advisory roles in the transaction were filled by Rothschild & Co and White & Case, respectively.
Sectors
- Battery Recycling
- Private Equity
- Battery Distribution
Geography
- United Kingdom – Endless LLP, the acquiring company, is based in the UK and the transaction itself involved UK regulatory environments.
- Europe – Ecobat's battery distribution operations are based in Europe, serving a continental market with diverse battery applications.
- United States – Ecobat operates globally, including significant operations in the United States, which underscores its comprehensive international strategy.
Industry
- Battery Recycling – Ecobat's core operations involve the recycling of batteries, an industry focused on sustainable processing of used batteries to reclaim useful components.
- Private Equity – Endless LLP's involvement as a buyer illustrates the role of private equity in facilitating business acquisitions and strategic organizational shifts.
- Battery Distribution – The segment sold by Ecobat is tied to the distribution of batteries for various applications, a key industry for supplying energy storage solutions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ecobat | Target Company | Company | A global leader in battery recycling, focusing on sustainable technologies for resource recovery and energy storage. |
| Endless LLP | Bidding Company | Company | A UK-based private equity firm specializing in strategic carve-outs and driving business transformations. |
| Rothschild & Co | Financial Advisor | Company | Provided financial advisory services to Ecobat in the sale transaction. |
| White & Case | Legal Advisor | Company | Provided legal advisory services to Ecobat in the sale transaction. |
| Tom Slabe | President & CEO of Ecobat | Person | Executive leader at Ecobat, overseeing the company's strategic initiatives, including the European divestment. |