Pemberton subscribes a 265 mln euro bond issued by Italy’s ReLIfe. It will finance announced acquisitions of General Packaging and Plastipolver and more to come

ReLife Group, an Italian leading group for the management of the entire process of valorization of separate waste collections, in the portfolio of the Xenon Private Equity V Fund, announced on Friday July 9th the issue of a 265 million euro bond, which was fully subscribed from the European debt fund managed by Pemberton Asset Management (see the press release here). The proceeds from the bond will be used in part to finance the purchase of 100% of General Packaging, one of the main Italian companies in the production of corrugated cardboard sheets and boxes, made for over 80% from recycled paper, and of the Plastipoliver group, specialized in the recovery and treatment of plastic materials. The signing of the agreement for the two acqui