Palatine backs growth at Waste Management Company Roydon Recycling with Human Capital Planning advice from The Quinn Partnership
With The Quinn Partnership providing Human Capital Planning support for the deal, Palatine Private Equity has made its second investment from its Impact Fund II with a significant investment in waste management and recycling services specialist Roydon Recycling.
Headquartered in Swinton, Greater Manchester, Roydon Recycling is a trusted partner for a range of blue chip FMCG, in particular food and beverage, manufacturers across Europe, advising on waste management strategies to increase resource efficiency and support the circular economy. Roydon Recycling is being carved out of the Roydon Group and current Managing Director, Paul Hodgkiss will continue to lead the company, with all existing staff to remain with the business as part of the investment.
Paul Hodgkiss joined Roydon Recycling in 2010 and is leading the business through an impressive growth phase, with turnover doubling over the past three years. Ian McAulay will join Roydon Recycling as Chair, utilising his experience from previous roles, which include CEO positions at both Southern Water and Viridor.
Working with Palatine’s Impact Fund, Paul and the team are focused on the expansion of Roydon Recycling’s European footprint by maximising a range of current opportunities with new and existing clients. The team are also focused on developing the business in terms of digital and technological enablement, as the waste management specialist accelerates its growth.
Greg Holmes, Impact Investment Director at Palatine, said: “Roydon is a proven market-leader in developing innovative waste strategies, audits, consultancy and management.
“Given the circular economy is so high on the agenda, it is great to welcome a company with such an aligned mission to our Impact Fund, as we continue to deliver returns with purpose.
“We are excited to be working with the passionate team, with whom we share so many common values and look forward to using our experience to help the business grow its market presence and also supercharge its own internal opportunities.”
Paul Hodgkiss, Managing Director at Roydon Recycling, said: “The team at Roydon Recycling has significantly grown over the last few years, as well as achieving great results. The investment from Palatine will enable us to multiply our positive impact with new and existing clients, as we aim for a fully circular economy.
“We are incredibly driven by what we do and are thrilled to have found an investment partner with the same passion, and that has a track record of both impact investing and a deep commitment to ESG over many years.”
Mike Stiles, Director at The Quinn Partnership, added: “The impressive growth of the Roydon Recycling business has been ably led and driven by Paul and his team, who have many operational talents and a shared passion and drive to deliver for their clients with intimate knowledge of the sector.
“With the business’ market-leading expertise in resource efficiency and Palatine’s excellent track record in growing impact-focused businesses, we are excited about what Roydon and Palatine can achieve both in terms of innovation in waste strategy as well as continued strong growth.”
The investment is the second from Palatine’s returns-focused Impact Fund II, which invests up to £25m in companies that are creating social or environmental change and tackling some of the biggest issues in society.
Palatine was advised by CIL (commercial), Gateley (legal), Fluid IT (technology and operations), RSM (tax) and The Quinn Partnership (management). Roydon Recycling was advised by Sedulo (corporate finance), Squires (legal) and RSM (financial).
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