Driving sustainable transformation across Europe
Headquartered in the Netherlands, Waste Vision has established a dominant market position by delivering cutting-edge technologies that empower over 200 municipalities to reduce costs, minimise landfill waste by up to 40% and reduce carbon emission by 25%. Their smart solutions are deeply integrated with municipal operations, ensuring waste management is efficient, sustainable, and citizen-friendly.
Sharand Maharaj, co-Managing Partner of MML Infrastructure Private Equity, commented:
« We are thrilled to acquire Waste Vision, a company that stands at the forefront of innovation in smart waste management. Waste Vision’s exceptional ability to deliver tangible cost savings and significant environmental benefits to municipalities aligns seamlessly with our Infrastructure Private Equity strategy. We are fully committed to supporting their vision to become the undisputed European leader in this critical sector.
This acquisition is more than a business investment; it’s a commitment to a sustainable future that positively impacts municipalities, citizens, and the environment across Europe. By combining our infrastructure expertise with Waste Vision’s innovative solutions, we aim to amplify their positive impact, empowering communities to embrace cleaner, more efficient waste management practices. »
Enhancing customer solutions and satisfaction
For existing and prospective municipal customers, this acquisition means accelerated access to Waste Vision’s expanding suite of best-in-class solutions. The investment will fuel the development of new technologies tailored to meet the evolving needs of municipalities striving for efficiency and sustainability.
Frank Robben, CEO of Waste Vision, expressed:
« Partnering with MML is an exciting milestone that will strengthen our capabilities and accelerate our journey to becoming the European champion in smart waste solutions. With MML’s support and continued investment, we will expedite the rollout of innovative solutions, ensuring municipalities across Europe can achieve their sustainability goals more effectively. Our commitment to providing exceptional service and value to our clients has never been stronger. »
Empowering management teams for future growth
This acquisition underscores MML’s dedication to fostering strong partnerships with management teams. Waste Vision’s leadership is set to benefit from MML’s collaborative approach, industry expertise, and resources dedicated to driving operational excellence and sustainable growth.
Tim Blömer, CTO and Founder of Waste Vision, added:
« We are excited to work alongside MML, a partner who shares our vision and values. Their acquisition is a testament to the hard work of our team and the innovative solutions we’ve developed. MML’s collaborative approach and commitment to empowering management teams make them the ideal partner for us. In cooperation with MML we will expand our leadership in smart waste management solutions by developing and improving our innovative and environmentally impactful solutions. Together, we will push the boundaries of what’s possible in smart waste management. »
Willem van der Veer, Investment Director of Avedon Capital Partners, added:
« We are proud to have supported management to develop the Waste Vision platform and transform it into a leading provider of integrated smart waste solutions in Europe. We are excited about the company’s future growth under MML’s ownership and extend our congratulations on their investment. We also want to thank the management and the entire Waste Vision team for our successful partnership, and we wish them continued success as they pursue their ambitious growth plans. »
A strategic move aligned with MML’s Infrastructure Private Equity approach
This acquisition marks MML’s third under its Infrastructure Private Equity strategy, which blends private equity value creation with deep sector expertise from its dedicated infrastructure team, led by Sharand Maharaj and Andrew Honan. The focus is on distributed infrastructure platforms with high-growth potential, robust asset deployment capabilities, and strong infrastructure characteristics that offer attractive returns.
The MML Infrastructure Private Equity deal team included Sharand Maharaj (co-Managing Partner), Helen Downie (Director), James Brown (Investment Manager), Myriam Daeschler (Investment Associate), and Laura Goksch (Investment Associate).
Waste Vision and Avedon Capital Partners were advised by: Harris Williams (M&A Advisory), Orange Clover (Legal), KPMG (Financial Due Diligence), BCG (Commercial Due Diligence), Atlas (Tax Due Diligence) and Crosslake (Tech Due Diligence).
MML was advised by: Houlihan Lokey (M&A and Debt Advisory), Pinsent Masons (Legal), KPMG (Financial and Tax Due Diligence), LEK Consulting (Commercial Due Diligence), Marsh (Insurance Due Diligence), and Sustainable Advantage (ESG).
