Armada Fund V has closed its fourteenth investment and provided financing in support of the refinancing of Bioteria Technologies AB (“Bioteria”) and acquisition of Rensa Avskiljarteknik AB (“Rensa”).
Bioteria is a biotechnology company developing innovative products and services within wastewater treatment, waste management, and commercial kitchen ventilation. The add-on acquisition, Rensa, is today a developer and manufacturer of waste disposers and wastewater purification technology and will broaden the service offering of the combined group. Bioteria is the first impact investment of Armada Fund V as its solutions contribute to the green transition by reducing CO2 emissions of up to 90% compared to traditional solutions while also contributing to cleaner water and waste management, supporting several factors in the environment such as biodiversity.
“We are excited to support the management of Bioteria. Armada finds this an attractive opportunity given their achievements so far and forefront position in the green transition of the market. We are convinced that Bioteria will continue to realise its huge potential starting with the acquisition of Rensa”, commented Jan Wiklund, Joint Managing Partner at Armada Credit Partners.
For more information, please contact: Jan Wiklund (+46 70 551 4054) at Armada Credit Partners