Radu Taracila Padurari Retevoescu and TGS Baltic have advised GreenGroup on its acquisition of Lithuanian recycling company Ecso.
Private equity fund Abris Capital Partners portfolio company GreenGroup specializes in recyclable waste management, recycling, and waste recovery. Ecso is a Lithuanian low-density polyethylene recycling company.
"This latest acquisition consolidates GreenGroup’s recycling activities over the past 20 years and is a decisive step in the group’s strategy to become a key player in polyolefins recycling in the region," Abris Romania Partner Adrian Stanculescu commented. "Furthermore, it is a strategic investment that reinforces the group’s commitment to sustainability and to tackling the most pressing environmental issues, such as plastic pollution and reducing carbon footprints."
The RTPR team included Managing Partner Costin Taracila, Managing Associate Marina Fecheta-Giurgica, Senior Associates Vlad Druta and Ana Maria Barbu, and Junior Associates Miruna Tocileanu and Filip Marinau.
The TGS Baltic team included Partner Dalia Tamasauskaite-Ziliene, Senior Associate Simas Paukstys, and Associate Paulius Dabulskis.
Editor's Note: After this article was published, Motieka & Audzevicius announced that it had advised Ecso's founder and minority shareholder on their exit. The firm's team included Partners Rokas Jankus and Giedrius Kolesnikovas and Senior Associate Aivaras Grigas.