Latour Capital reaffirms its commitment to SULO Group.

SULO Group was created in 2018 through the spin-off of Plastic Omnium Environnement, led by Latour Capital in partnership with Bpifrance and the management team. Since then, the Group has carried out a significant operational transformation and expanded through targeted acquisitions, including San Sac Group in 2019, which strengthened its presence in Scandinavia and its compaction offering.

Today, SULO Group generates more than €600 million in revenue and serves more than 15,000 customers. Its waste collection solutions are essential for waste sorting and collection, placing the Group at the heart of the circular economy. In 2019, SULO became the first French industrial company to obtain the AFNOR circular economy certification.

A new phase of development

SULO Group aims to accelerate growth in its core markets while exploring high-potential new geographies – driven by both sustained organic growth and a proactive acquisition strategy.

In June 2024, SULO Group completed a €350 million refinancing through a Term Loan B, which was 1.7 times oversubscribed. In February 2025, the Group successfully repriced this debt, reducing its financing cost by 100 basis points.

Building on this momentum, Latour Capital is investing a significant amount of fresh equity in SULO Group through Latour Capital IV and a dedicated co-investment fund raised from its longstanding investors. The management team is also participating in this funding round. The transaction marks the exit of Bpifrance, which acquired a stake in 2018 to facilitate the spin-off and support the Group’s development.

“This transaction marks a key milestone for Sulo and reflects our confidence in its value creation potential.”

Didier Gaudoux and Sylvain Dekens, Senior Partner and Partner, Latour Capital

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