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Portfolio

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Sector

Specialist Industrial

Location

Nordics, Germany, France

Entry date

January 2005

Exit date

December 2006

Fund

STAR I

Status

Realised


Overview

In January 2005, STAR acquired the BUS Group of companies from AGOR AG, a listed German financial holding company.

At the time, BUS was the European market leader in recycling waste from steel and stainless steel production - recovering metals such as zinc, nickel and chromium. Demand for its services was underpinned by stringent European environmental legislation, which was diverting an increasing proportion of waste from landfill to recycling processes. BUS operated five plants located in Germany (Duisburg and Freiberg), France (Gravelines and Lens) and Sweden (Landskrona), and provided services to all the major steel and stainless steel companies.

STAR initiated a plan to transform the BUS business model from an annual fee income into long-term service contracts. However, following strong growth in sales and profit under STAR ownership, BUS was sold to the Befesa Group (an international environmental services company with complementary recycling operations in Spain) in December 2006.

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Contact

Map

Map

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.