Stirling Square's Viscolube bolts on Centro Risorse

Stirling Square acquired a majority stake in motor oil regeneration specialist Viscolube in December 2011 from Giorgio Carriero and his family, who retained a minority interest in the company.

The firm deployed capital from its Stirling Square Capital Partners III fund, which held a €600m final close in January 2016, surpassing its €500m target.

This is the second bolt-on made by Viscolube, which acquired speciality chemicals business Bitolea from Italian GP Clessidra in July 2017.

Company
Based in Motta di Livenza, near Treviso, Centro Risorse is an industrial waste management company which specialises in storage, handling, transportation and disposal of waste. It employs around 100 staff and generated revenues of €30m in 2017.

Advisers
Equity – NCTM (legal).

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• Topics
• Portfolio management
• Southern Europe
• Industrials
• Stirling Square Capital Partners
• Italy
• Buy-and-build