Eurazeo said on 28 May that its Eurazeo Planetary Boundaries Fund had acquired a majority stake in T1A Group, a Danish specialist in end-of-life management of IT equipment.
Why Eurazeo (Planetary Boundaries Fund) is buying T1A Group (majority stake)
Eurazeo said the investment fits its strategy of addressing environmental challenges by extending the life of IT equipment, and will support T1A's growth organically and through acquisitions in key European markets.
Deal terms and financing
The amount was not disclosed. Founder Peter Hemicke keeps his operational role and remains a shareholder.
Market context
Founded in 2001, T1A refurbishes more than 250,000 data-carrying units a year. The deal is the fund's third investment and its first in Denmark.
