Livingstone advised the Convertini family, shareholder of Convertini S.r.l., a company specialized in industrial waste management, as financial advisor on its sale to the French group Paprec, one of Europe’s leading players in waste management and recycling. The transaction marks Paprec’s entry into the Italian market, identified as a strategic area for the group’s international expansion, with a particular focus on Northern Italy and the Lombardy industrial base.
Founded in 1984 by Angelo Convertini and now managed by Ivan Convertini, Convertini is a well-known company based in Cusago (Milan), active in the management of non-hazardous industrial waste and a trusted partner for numerous companies thanks to its strong local presence and well-established operating model. The company employs approximately 80 people and recorded revenues of around € 20 million in 2024. Paprec’s entry marks the beginning of the group’s presence in Italy, leveraging Convertini’s strong industrial know-how, distinctive capabilities and long-standing relationships.
Paprec, a family-owned group founded in 1994, is now present in 11 countries with approximately 20,000 employees, € 3.5 billion in revenue and 19 million tons of waste processed each year. Over the years, the group has invested approximately € 4 billion in facilities and technologies, consolidating its position among Europe’s leading players in the sector. The transaction represents a further step in the group’s international expansion strategy, in a market such as Italy, characterized by increasing attention to sustainability, traceability and circular economy.
“Italy represents a strategic market for us, particularly the Northern regions, characterized by a strong industrial base and increasing focus on sustainability and circular economy. The choice of Convertini is based on the company’s solid positioning, service quality and strong local presence,” commented the Paprec Group.
“For us, this step marks the beginning of a new phase of growth. The entry of a group like Paprec represents an opportunity to further strengthen our offering and continue supporting our clients with increasingly advanced solutions, while preserving the values that have driven our company for over forty years,” said Ivan Convertini, CEO of Convertini.
“We are proud to have supported the Convertini family in this transaction marking the entry into a leading European group such as Paprec. The deal confirms the strong dynamism of the sector and the growing interest of international players in domestic companies with solid local roots, a consolidated business model and strong long-term growth prospects,” commented Luca Maccagnani Castelli, Managing Partner at Livingstone.
This transaction further strengthens Livingstone’s leadership in the waste management sector and confirms its expertise in advising family-owned businesses on strategic and cross-border sale processes.
