We advised Hillary Denmark ApS, It is Future and Vytas Poderis on attracting investment in Plasta Group. The investment was made by AMC Capital IV, a fund advised by Accession Capital Partners (previously Mezzanine Management).
Plasta Group is one of the largest polyethylene waste recycling and plastic production groups in Europe, consisting of the Lithuanian company Plasta, the Swedish company Rullpack and companies in Germany and Great Britain.
The fund plans to invest 20–30 million euros in new acquisitions
The fund has indirectly become a significant minority shareholder of Plasta Group and is prepared to invest at least EUR 20–30 million in new acquisitions in the coming years. It also plans to invest in increasing the capacity of the Plasta Group plants in Lithuania and Sweden.
Edward Gelbard, a representative of the majority shareholder and a board member; and Vytas Poderis, CEO of Plasta Group, commented: “We are very excited to have the financial and strategic backing of Mezzanine Management, an experienced investor in our dynamic region. Their flexible funding package was crafted to support our intention to focus on organic growth through new product development as well as select M&A. We know that Mezzanine Management’s experience means we’ll have their financial support as well as expertise in this key area.”
Our services and the project team
We advised the clients on all issues related to the transaction. Our team consisted of partner Sergejus Butovas, counsel Evaldas Dūdonis, senior associate Simona Stančiukaitė and legal assistant Barbora Bernatonytė.