BNP Paribas

BNP Paribas is a global financial services company headquartered in Paris, France. Established in 1848, it operates through two primary divisions: Retail Banking and Services, and Corporate and Institutional Banking. The company offers a wide array of services, including long-term corporate financing, digital banking, wealth management, asset management, and investment services. It also provides global market services, security services, and corporate trade and treasury services to institutional and corporate clients. BNP Paribas Asset Management, a subsidiary, manages funds for individual and institutional investors, focusing on public equity and fixed income markets worldwide. Additionally, BNP Paribas Fortis, a Belgian subsidiary, offers corporate and investment banking, retail banking, and investment solutions. The company's extensive global network spans nearly 75 countries, serving a diverse range of clients from individuals to large corporations and public institutions.

Stephen Blumenreich

Managing Director, Head of Healthcare

Jean-Laurent Bonnafe

CEO

Jean-Laurent Bonnafe

CEO and Director

Philippe Bordenave

COO

Koen Broothaerts

Investment Director

Rodolphe Brumm JD

Head of Infrastructure, Private Equity and Private Assets investment

Renaat Denolf

COO Private Equity

Steven Van Droogenbroeck

Investment Manager

Toon Frans

Investment Associate

Mark Gevens

Investment Director

Michel Konczaty

Deputy COO and Member of the Executive Committee

Emiel De Saeytyd

Investment Associate

Julie De Schrijver

Investment Analyst

Seppe Seghers

Investment Analyst

Christopher Sked

Managing Director

Jade Taieb

Investment Manager, Private Equity

David Vaillant

Global Head of Finance, Deputy Managing Director BNPP Asset Management Europe

Sven Vermeulen

Investment Manager

Sofie Vermeulen

Investment Manager

Olivier Warnan

Partner, Solar Impulse Venture Fund

Anne Wautier

Investment Manager

Jacques d'Estais

Deputy COO and Head of International Financial Services

Sven Vermeulen

Investment Manager

Ghanem Al Araj

Managing Director

Past deals in Recycling

Underdog

Series A in 2025
Underdog is a company that specializes in refurbishing and selling second-hand household appliances. It operates an online platform dedicated to providing pre-owned home appliances that come with a warranty. The company's offerings include a variety of diagnosed, repaired, cleaned, and thoroughly tested appliances. Underdog aims to promote recycling and sustainable consumption by enabling customers to purchase professionally checked appliances at lower rates compared to new ones.

Ecodair

Venture Round in 2024
Ecodair is a non-profit organization dedicated to supporting individuals experiencing mental distress by facilitating their integration into society through meaningful work in the IT sector. The organization focuses on the reconditioning, sorting, and refurbishing of computer hardware, alongside providing related services. Ecodair operates three reception structures, including an establishment for assistance through work, an adapted company, and an integration company that specializes in IT services. By engaging mentally handicapped individuals in these activities, Ecodair not only helps them regain their identities but also promotes their participation in a conventional working environment, ultimately fostering their social integration.

Mayam

Debt Financing in 2024
Mayam operates a web platform that facilitates zero-waste shopping. It offers reusable containers and refill stations, promoting responsible consumption of bulk products. The platform supports stores providing refill options for household items, enabling customers to reduce packaging waste while enjoying a convenient and sustainable shopping experience.

Tri’n’collect

Seed Round in 2023
Tri'n'collect provides a customized service for sorting, collecting, and recycling building trash. Tri'n'collect is a mission-driven corporation whose major goal is to protect the planet's natural resources by preventing building site waste and recycling it in a circular economic loop. T'n'C works with individual home builders, developers, real estate developers, public works companies, and renovation and deconstruction sites.

First Solar

Post in 2023
First Solar is a leading manufacturer of solar photovoltaic panels and systems, utilizing advanced cadmium telluride technology known as thin-film technology to convert sunlight into electricity. The company focuses on utility-scale development projects and operates production facilities in Vietnam, Malaysia, the United States, and India. By continually reducing manufacturing costs, First Solar aims to provide an affordable and environmentally friendly alternative to fossil fuels. It also emphasizes responsible product life cycle management through a comprehensive collection and recycling program for its solar modules, setting industry standards in sustainability.

Bord na Mona

Debt Financing in 2023
Bord na Mona is a semi-state company based in Dublin, Ireland, established in 1946. The company operates across six business units: Powergen, Biomass, Resource Recovery, Peat, Horticulture, and Fuels. Its activities include the procurement and supply of biomass, peat-based and renewable power generation, waste recovery, and the production of domestic fuel products. Additionally, Bord na Mona offers a range of horticultural products for both professional and consumer markets. The company's diverse portfolio reflects its commitment to sustainable practices and environmental responsibility.

PHENIX

Venture Round in 2022
Phenix is a waste management company focused on reducing waste and promoting a circular economy by maximizing the potential of unsold products. With a dedicated team of approximately 100 employees, Phenix offers a platform that facilitates the management of unsold goods for over 1,000 clients across various sectors, including retail, industry, and catering. The company provides comprehensive collaborative and logistical services, enabling clients to efficiently handle their excess stock while minimizing social and environmental impact. By connecting manufacturers and retailers with charities and organizations, Phenix plays a crucial role in donating unsold products, thereby helping clients actively participate in the fight against waste and promoting corporate social responsibility.

Boliden

Boliden is a metals company focused on sustainable development, operating in the fields of exploration, mining, smelting, and metals recycling. The company manages six mining areas and five smelters across Sweden, Norway, Finland, and Ireland, employing approximately 5,500 individuals and generating an annual turnover of around SEK 40 billion. Boliden's mining operations include both open-pit and underground mines, extracting ores primarily for zinc, copper, gold, and silver. The extracted ores are processed into metal concentrates at local concentrators and further refined into high-quality metals at the company's smelters. Boliden's products are mainly sold to industrial customers in Europe, with significant demand from the automotive and construction industries. The company plays a vital role in the circular economy by supplying essential resources while ensuring the recycling of metals after use, thereby contributing to long-term value for shareholders, employees, customers, suppliers, and local communities.
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