Ambienta secures majority stake in Previero

• Previero is the first platform investment by Ambienta IV
• Ambienta is a European asset manager focused on environmental sustainability
• The firm manages over €3.0 billion in assets

Ambienta has acquired a majority stake in Previero, a company in the plastic mechanical recycling sector. No financial details of the transaction were disclosed.

Previero is based in Como, Italy and has around 110 employees.

Previero, which is currently led by the third generation of the founding family, will retain a significant stake in the company.

Ambienta plans to support Previero by providing financial and managerial resources, and promoting further investments in fixed and human capital, according to a release.

“The need to increase plastic circularity is then becoming more and more urgent, with all global consumer packaging and retail companies committing to achieve up to 50 percent recycled content in their packaging by 2030,” said Mauro Roversi, founding partner and private equity CIO at Ambienta. “This will substantially increase global investments in additional recycling capacity over the next decade.”

Previero is the first platform investment by Ambienta’s recent fund, Ambienta IV.

Ambienta is a European asset manager focused on environmental sustainability with over €3.0 billion in assets under management. The firm is based in Milan, Italy.

Ambienta was advised by McKinsey on commercial due diligence, Pedersoli on legal, EY on financial and ESG, and GPBLex on tax and structuring.