Show news from


STAR Capital Partners announces the sale of its investment in recycling business to Befesa for €330 million

31 October 2006

STAR Capital Partners announces sale of its investment in recycling business to Befesa for €330 million.

STAR Capital Partners (“STAR”) announces the sale of BUS Group, a leading European recycling company to Befesa Medio Ambiente SA for an enterprise value of €330 million. The sale is the third realisation from its STAR 1 Fund which focuses mainly on investing in and developing capital intensive and asset based investment opportunities. The sale is conditional upon approval by the German competition authorities.

BUS Group (the "Company") is the leading European recycler of metal containing dust produced by the European EAF Steel Industry. The company provides an essential service to recycle metal containing wastes produced during the steel making process. BUS recovers the metals (mainly zinc and nickel) which are either returned to steel producers for re-use or sent to smelters for re-processing into high grade base metal. The Company operates from five recycling plants in Germany, France and Sweden.

STAR acquired BUS in January 2005, and has since invested in significant capacity enhancements at its plants in Sweden and France. Commenting on the realisation:

Oliver Jäger, Chief Executive Officer of BUS, added:

"Having consolidated its position over the last couple of years and initiated several significant expansion projects, the company is ideally placed for the next stage of its development. This is a compliment to all employees of the company. STAR has been a valuable and highly supportive partner during our time under its ownership. We look forward to delivering similar success to Befesa."




STAR Capital Partnership LLP

15th Floor, 33 Cavendish Square
London W1G 0PW
United Kingdom

Tel: +44 (0)20 7016 8500
e-mail: mail@star-capital.com

Important Notice: we have become aware that an organisation with a similar name has been targeting individuals in the UK through unsolicited calls to make cryptocurrency investments. Our firm, STAR Capital Partnership LLP, does not engage in this type of activity.  Please see here for information on how to protect yourself from financial fraud and, if you have fallen victim to it, please report it to the UK Financial Conduct Authority by telephone or email: https://www.fca.org.uk/consumers/protect-yourself-scams.