Aktid Intends to Accelerate its International Growth

French private equity fund Initiative & Finance “Tomorrow” has recently acquired a significant stake in the provider of solutions for sorting solid waste, Aktid.

The investment was accompanied by Crédit Agricole des Savoie, historical partner of the Chambéry based company. According to the company, Aktid has now all the cards in hand to implement its international development projects. The French firm that designs and constructs non-hazardous solid waste sorting and recovery facilities has doubled its turnover in one year to 80 million Euro. “The workforce has also increased significantly with the creation of about thirty jobs last year, to meet the expectations of public and private customers,” the company that employs nearly 110 people stated. “This dynamic will be able to continue internationally thanks to the support of Initiative & Finance’s ‘Tomorrow’ fund and Crédit Agricole des Savoie. This growth strategy should be based on both a targeted external growth policy and organic growth in territories offering attractive fundamentals and prospects.”

Aktid’s partner, Initiative & Finance “Tomorrow”, would intend to accompany the project and support its development thanks to its financial expertise and the experience of its team in supporting SMEs towards a change of scale internationally. Committed to environmental issues, it would confirm the relevance of Aktid’s project, which is positioned in a market considered as strategic. Since its creation in 1984, Initiative & Finance has carried out nearly 350 growth and buyout capital transactions and has contributed to the emergence of many mid-sized companies. A former subsidiary of the Natixis group, the management team became independent at the end of 2010 and now manages nearly 650 million Euro in capital on behalf of leading French and European institutional investors and family offices. The fund “Tomorrow” invests in companies from various sectors that contribute to implementing solutions to the challenges identified by the Sustainable Development Goals as defined by the UN, with a particular focus on those related to solving environmental challenges.

initiative-finance.com/en/home, aktid.fr/en/

(Published in GLOBAL RECYCLING Magazine 3/2023, Page 21)