Mauritius: Inside Capital invests in recyclable waste collector
Private equity manager Inside Capital Partners has announced a $3.1 million investment in the Mauritian recyclable waste collector company WeCycle, to drive its local and regional expansion.
Today, WeCyle’s core business consists of collecting paper and cardboard for export to recycling companies in India, Indonesia, South Korea and Madagascar. With sales averaging 5,500 tonnes a year, the company is the largest recyclable waste aggregator and exporter in Mauritius.
Inside Capital’s investment will support WeCycle to substantially expand its waste collection capabilities over the next three years. Furthermore, this investment will provide the company with the means to install paper and carton waste recycling facilities in Mauritius, transforming paper waste into higher-value products to be sold locally and in the region, resulting in regional import/export flows reduction.
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