Nexxus Iberia invests in Contenur, European Leader in the manufacture and maintenance of Temporary Waste Management Solutions

The second investment by Nexxus Iberia Private Equity Fund II (‘Nexxus’) involves the acquisition from ACON Investments (‘ACON’) of a majority stake in Contenur, a leading Spanish company in the production and maintenance of urban waste containers.

Nexxus Iberia, a Spanish Private Equity firm, alongside a group of co-investors, has finalised the acquisition of a majority stake in Contenur, a Spanish company specialising in the manufacture and maintenance of urban waste containers. Since its inception in 1984 and the opening of its first plant, the company has played a fundamental role in the containerisation process in Spain, establishing itself as the national leader and the third largest in Europe. Contenur is present in over 50 countries through its 14 subsidiaries and 4 production facilities distributed across in Spain, Poland, the United Kingdom, and Brazil. The company, which generated over €170 million in revenue last year, primarily operates in Spain and Europe, although it has a strong presence in Latin America, and is continually seeking new geographies in which to offer its products and services.

In this new phase, the Madrid-based company will continue to invest in innovation and development to also establish itself as a global leader in the use of recycled materials (which are already extensively integrated into its value chain) and in productive methods that ensure the sustainability of the products and the company itself, as well as reaffirming its strong commitment to environmental and climate protection.

Alongside Nexxus Iberia Private Equity Fund II, funds managed by Schroders and the EIF are co-investing in Contenur. The current management team of the company will continue to lead the group’s development and maintain their position as key shareholders.

Pablo Gallo, Founding Partner of Nexxus Iberia, comments, “We are very excited about our second fund’s second investment, and we have full confidence in the excellent team at Contenur, who has led this project since its beginnings over 30 years ago. Contenur is already the leading manufacturer in our country, but our goal is to make the company the global standard. This investment in Contenur aligns with our strategy of supporting companies which promote sustainable practices and support the energy transition movement, manufacturing 100% recyclable products and improving quality of life in urban areas by enabling the orderly collection of waste as an essential first step towards recycling.”

Iñigo Querejeta, General Manager of Contenur, states, “We are delighted to announce this strategic partnership which validates our business model and our work ethic. In this new stage, we will seek to accelerate our expansion plans, expand our product offering, and reinforce our commitment to sustainability in everything we do. We greatly appreciate the trust and support of our former partners, and we look forward to working with Nexxus.”

Marcos Semmler, Managing Partner of ACON, highlights the great work carried out by Contenur's management team over the last 6 years, consistently able to foster growth and create value for its shareholders for over 30 years. “The company has fulfilled its strategic plan, aimed at the consolidation of existing markets and the development of business in new geographies, with a significant impact on turnover and EBITDA. Contenur is a clear example of the competitiveness of medium-sized companies in Spain, having become in a short period of time a multinational of reference in the three continents where it is present”.

Contenur is the second investment of the recently launched Nexxus Private Equity Fund II, which has total commitments of €241 million. For Nexxus Iberia as a whole, this marks the fourteenth investment, including those made from its first fund, Nexxus Private Equity Fund I, and OFG Continuation Fund. Contenur joins the Nexxus Iberia portfolio, which includes companies such as Mirplay, OFG, Solutex, and La Margarita.

Nexxus Iberia was advised on the transaction by Pinsent Masons (legal, tax, labour), Banc Sabadell (M&A), Alvarez & Marsal (financial due diligence), EY (ESG due diligence), Cornerstone Fund Placement and Marsh (insurance), while Hogan Lovells (legal), Harris Williams (M&A), KPMG (financial) and Roland Berger (commercial) advised the sellers. The management team was advised by Baker McKenzie (legal).due diligence financiera), EY (due diligence ESG), Cornerstone Fund Placement y Marsh (seguros), mientras que Hogan Lovells (legal), Harris Williams (M&A), KPMG (financiero) y Roland Berger (Comercial) han asesorado a los vendedores. El equipo directivo ha contado con la ayuda de Baker McKenzie (legal)