Private equity-backed Eco Eridania bolts on three

The bolt-ons were funded through a fresh capital injection of around €3.7m from Eco Eridania's existing backers Fondo Italiano di Investimento and Xenon Private Equity.

Xenon invested through the Xenon Private Equity V fund, which hit its €150m hard-cap in 2009.

The acquisition follows Eco Eridania's bolt-on of Team Ambiente in December 2012, funded through a €14.3m capital commitment from Fondo Italiano and Xenon, which entered the company's shareholding at that time.

Fondo Italiano di Investimento first backed Eco Eridania in 2011 with an equity injection of €10m.

Company
Paderno Energia is based in Pavia and operates a plant for the disposal of hazardous and other waste. The firm sells the electricity it generates through the combustion of waste and has a turnover of around €2m.

Elettrochimica Carrara is a family-run firm that specialises in the collection, transportation and storage of medical waste from hospitals. The firm employs around 20 members of staff and has a €4m turnover.

Technoplus, the waste management arm of Ghi.be.ca, is based in Pavia and specialises in the collection, storage and processing of industrial waste. The firm has a €5m turnover and 27 employees.

Eco Eridania now reports a turnover of €70m and employs 300 staff, up from the €15m revenue and 100 staff employed at the time of Fondo Italiano's initial investment.

People
Gabriele Cappellini is CEO of Fondo Italiano. Alberto Castelli is chief financial officer of Xenon Private Equity V. 

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• Topics
• Southern Europe
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• Expansion
• Italy
• Fondo Italiano di Investimento
• Acquisition finance