Ragn-Sells, a leading waste management, environmental services and recycling company headquartered in Sweden, has sold 100 per cent of its Latvian operations to its existing management in a MBO transaction. MCF acted as financial advisor to Ragn-Sells.
MCF advised Ragn-Sells in the disposal of its Latvian operations to its management
MCF acted as financial adviser to Ragn-Sells.
The disposal of Ragn-Sells’s business activities in Latvia is in line with the company’s corporate strategy to refocus along the broader trend towards sustainable circular economies that preserve scarce raw materials and natural resources. The new owner of the Latvian business, which employs 93 people and generated a turnover of SEK 46 million in 2016 is the company’s, Managing Director Agris Markss. The business will continue to operate under a different name in the future. Following the disposal of the unit, Ragn-Sells no longer operates any business in Latvia. The transaction closed January 2nd, 2018.
Ragn-Sells is a leading waste management, environmental services and recycling company, headquartered in Sweden. Since 1966, the privately-held corporate group has been involved in waste management, environmental services and recycling. The company collects, treats and recycles waste and residual products from businesses, organizations and households.