Private Equity Deals & Transactions

Olympus Capital invests in e-waste company LTG

This is the firm’s third investment in China’s waste management sector.

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Asian middle market private equity firm Olympus Capital Asia has invested $45 million in electronic waste ('e-waste') recycling company Li Tong Group (LTG).

This is the firm's third investment in China's waste management sector. Other investments are in the waste-to-energy segment, including Canvest Environmental Protection, according to a statement.

Hong Kong-headquartered LTG is a hi-tech reverse supply chain services provider and e-waste processor that recycles mobile phones, home appliances and other electronic equipment for technology companies including Apple, Microsoft, Amazon, Huawei and Motorola, the company wrote on their website.

LTG operates 20 facilities globally with a significant presence in Hong Kong, China, Japan, USA, Austria, Dubai and India.

“E-waste recycling is the fastest growing segment within the rgecycling vertical,” Olympus Capital Asia's managing director Alexander Lui said in a statement.

“We are very pleased to be partnering with Li Tong Group, which is well positioned for high growth opportunities within the e-waste sector. In particular, the company has a strong customer base of leading technology firms and is strategically aligned with some of the most promising segments within e-waste: the post-industrial recovery segment; the telecommunications equipment business; and China's post-consumer recycling market.”

The e-waste business is expected to grow at a compound annual growth rate of 18.3 percent from 2010 to 2017, reaching 43.8 million tonnes by the end of 2017, while the recycling market for consumer waste is at an estimated $15 billion in 2016, according to the statement.

Olympus Capital Asia focuses on investments in food & agribusiness, financial services, environmental and healthcare and has invested over $2 billion on behalf of its funds.

The firm has offices in Hong Kong, New Delhi, Seoul, Shanghai, Singapore, Tokyo and New York. 

In August this year, the firm raised $276 million of its $300 million target for its second clean energy fund – Asia Environmental Partners II (AEP II), as reported by Low Carbon Energy Investor .