AMC Capital IV, advised by Mezzanine Management, has made an investment in Plasta Group, which comprises Lithuanian recycled plastic rubbish bag producer Plasta and Swedish producer Rullpack.
Plasta is a major recycled plastic processing and manufacturing company in Europe, making over 500 million bags per year. The company boasts the largest recycling and extrusion plant in the Baltics and one of the largest in Europe, and operates a subsidiary in Sweden acquired in 2019.
Plasta marks the 10th deal for AMC Capital IV, which is Mezzanine Management’s largest vehicle raised with EUR264 million closed in 2018. The Fund has committed a sizeable and flexible funding package to support Plasta’s growth, comprised of preferred equity as well as a loan to finance the ambitious CAPEX program. AMC Capital IV is prepared to deploy further capital to support the company’s international growth and potential acquisitions. As a result of the transaction, AMC IV has acquired a significant minority stake in the business.