Grant Thornton has advised Avior Capital on its investment in Eslava Plásticos, a leading company in the mechanical recycling of post-consumer plastic waste. The transaction will enable the company to drive growth and consolidate its leadership in circular solutions within a sector that is key to the ecological transition. The Firm supported the investor throughout the entire due diligence process, deploying a multidisciplinary team that assessed the financial, tax, legal and labour aspects of the transaction.
Headquartered in Spain and with a solid industrial track record, Eslava Plásticos has become a national benchmark in the transformation of household plastic waste into new value-added materials. Its activities range from the selection and sorting of polymers to final extrusion, supplying products to sectors such as packaging, construction, agriculture and automotive. The company is now entering a new phase with the backing of Avior Capital, which will provide strategic and financial resources to accelerate its growth plan.
“This transaction is a clear example of how capital and sustainability can converge in a transformative value proposition. At Grant Thornton, we deployed an expert team that supported Avior throughout the entire analysis process, bringing technical rigour, strategic insight and sector expertise,” said Jorge Tarancón, Partner in Grant Thornton’s Transactions area.
The due diligence was led by the Firm’s Transaction Services team, with the involvement of the financial, tax, legal and labour teams. From a financial perspective, the analysis was carried out by Jorge Tarancón, Laura Aparicio, Claudio Ros and Jon Agorria. In the tax area, the work was led by José Antonio Justicia and supported by Javier Manada and Pau García. In parallel, the legal review was conducted by Jordi Santamaría, Salvador Cortina and Pol Guillén, while labour matters were addressed by Cristina Orejas and Jana Saez. The close coordination between teams enabled a comprehensive assessment, providing legal certainty and reliability to the investment process.
“Our experience in transactions with a strong ESG component and in industrial sectors undergoing transformation allows us to deliver advice that is fully aligned with the requirements of today’s institutional investors,” explained José Antonio Justicia, Partner in Grant Thornton’s Tax area.
Avior Capital’s entry will allow Eslava to expand its production capacity, strengthen its digitalisation, develop new recyclable and sustainable materials, and reinforce its organisational structure to support sustained growth. The company will continue to be led by its current management team, with Fernando Alonso as Chief Executive Officer and David Eslava as Executive Chairman. The latter will retain a significant equity stake and will continue to perform sector representation roles in organisations such as Anarpla and Plastics Recycling Europe.
Avior’s investment, backed by European and Canadian institutional investors, including Lombard Odier Investment Managers’ Plastic Circularity fund, represents the fund’s third transaction and forms part of a strategy to support industrial companies with positive impact, high growth potential and the ability to lead in transforming markets.
For Grant Thornton, this transaction reinforces its positioning as a leading firm in the comprehensive advisory of sustainability-driven transactions, delivering value to clients in an increasingly demanding and competitive environment.
cloud technology axon
Xcalibur Smart Mapping, recognised as the global leader in airborne...
