RTPR has assisted GreenGroup, a company in the portfolio of Abris Capital Partners, in relation to the acquisition of UAB Zalvaris, the largest industrial waste management company in Lithuania. GreenGroup is the circular economy leader in Central Europe, specialised in recyclable waste management, recycling and recovery of various types of waste. Abris Capital Partners is an independent private equity fund, specialised in ESG transformation, with a focus on Central Europe countries.

The project team was coordinated by Costin Taracila (Managing Partner) and Vlad Druta (Senior Associate), and further included Ana Maria Barbu (Senior Associate) and Filip Marinau (Junior Associate). RTPR acted as lead legal counsel, with Walless acting as legal advisor in connection with the due diligence phase and Lithuanian law-related advice and Allen & Overy as English law counsel.

“We are honoured to team up once again with Abris and GreenGroup and to support them in their strategic development efforts. It is an ambitious plan, aligned with GreenGroup’s vision to become a leader in industrial waste management in Central Europe, and Abris’ expertise in implementing ESG standards is a guarantee for its success. We are happy to contribute our extensive experience in M&A and private equity deals to their success”, said Costin Taracila, Managing Partner of RTPR.

“We are grateful to our clients for entrusting us with this new mandate, after we advised GreenGroup and Abris on the acquisition of another Lithuanian recycling company, UAB Ecso, 8 months ago. We have offered our resources and energy to choose the most appropriate solutions for this transaction together with our clients. Congratulations to Abris and GreenGroup teams and we are looking forward to the next challenges”, said Vlad Druta, Senior Associate at RTPR.