Kartesia provides cross-strategy financing solution to support Papilo’s acquisitive growth

Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, is pleased to announce that it has provided a financing package from its Senior Opportunities (KSO) and Impact (KIF) strategies to support the acquisitive growth strategy of Palatine Private Equity (“Palatine”)-backed Papilo (“the Company”).

The financing enabled Papilo to successfully acquire Allwood Recycling Solutions, strengthening the group’s market position and further diversifying its service offering.

Founded in 2005, Papilo is a total waste management (“TWM”) solutions provider offering outsourced waste disposal and recycling solutions, with a particular focus on servicing blue-chip fast-moving consumer goods (FMCG) corporates.

Allwood, founded in 2010, is a nationwide provider of TWM solutions with a strong specialism in the distribution and logistics sectors. Allwood manages over 150,000 tonnes of material annually and shares Papilo’s strong commitment to sustainability, zero-landfill solutions and supporting the circular economy.

The enlarged group creates a scaled, diversified, asset-light platform across FMCG, retail, food manufacturing, logistics and distribution – specialising in pallet recovery, packaging waste and organics.

With a focus on environmental impact, social inclusion and innovation, Papilo aims not only to manage waste but also to help inspire a shift in how businesses and society interact with resources. The Company’s growth is supported by favourable societal and regulatory tailwinds, including increasing sustainability commitments, enhanced carbon reporting requirements and zero-to-landfill targets, which continue to drive demand for outsourced recycling and TWM services.

The transaction marks the tenth investment for Kartesia’s Impact strategy since launch and the second of the year. The continued deployment of capital from the strategy is evidence of the growing need for lending solutions which address the UN SDGs and set a clear sustainability agenda for private equity portfolio companies.

The deal team at Kartesia comprised Nick Holman, Kamil Kapasi, Sage Dudley and Ines Kateb.

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For further details please contact:

H/Advisors Maitland – Finlay Donaldson

kartesia-maitland@h-advisors.global

+44 (0) 7341 788 066