EUR 70m

January 2024

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Bollegraaf Recycling Solutions

Expanding the financing facilities for further growth

  • In early July 2023, Avaxa was engaged by Capital A and Bollegraaf's management to assist in expanding the financing facilities, enabling the intended business growth to continue.
  • Bollegraaf is a globally leading system integrator and innovator in waste sorting and recycling solutions with over 60 years of experience in Europe, the US, and Canada. Bollegraaf has installed over 4,000 recycling systems worldwide.
  • In addition to the existing house bank, which expanded its facilities to finance the planned CAPEX investments, two surety companies have joined to provide bank guarantees required for the projects undertaken by Bollegraaf.
  • Avaxa executed an efficient financing process, compiling an information package including a bank presentation, financial model, and financing request for potential investors.
  • ABN AMRO provided a financing package on very attractive and flexible terms. Additionally, Liberty Mutual and Allianz Trade offered EUR 40 million in guarantee lines, partially covered by Atradius. This increased the total company financing to EUR 70 million.
  • The transaction was completed in January 2024.