STAR Capital Partners Limited has sold its stake in recycling business BUS Group to trade buyer Befesa Medio Ambiente SA for EUR 330m. The transaction represents the third exit from the financial investor’s STAR 1 Fund.
GP takes a minority stake in the IT service, while the management team remain on board
Existing investors E.Ventures and Heartcore also participate in the funding round
Transaction involves four remaining assets, including Genesys, eDreams and Asia Broadcast Satellite
Existing investors Velocity Capital, Industrifonden and Frumtak also participate