- Extremadura TorrePet specialises in the production of high-quality food-grade recycled PET pellets
- This marks the seventh and final investment by the Buenavista Infraestructuras Iberia I fund, having successfully deployed 100% of the capital committed by its investors
Madrid, 22nd September 2026.
– Buenavista Infrastructure, a subsidiary of Buenavista Equity Partners (“Buenavista”) specialising in investments in infrastructure, energy and environment, has acquired a 30% stake in Extremadura TorrePet, S.L. (“TorrePet”) from VALGROUP, S.A., through its investment vehicles Buenavista Infraestructuras Iberia I, FCR and Buenavista Infraestructuras Coinversión I, SCR.
Veolia, a global leader in the green transition offering services in water, energy and waste management, retains the remaining 70% of the share capital.
Founded in 2005, TorrePet is the first company on the Iberian Peninsula dedicated to PET (polyethylene terephthalate) recycling, producing high-quality food-grade “rPET” pellets for the manufacture of recycled plastic bottles. The company is regarded as a benchmark in PET plastic recycling at the European level. TorrePet operates across all stages of the rPET production value chain and is the only plant in Spain with bottle-to-bottle (b2b) processing capability.
The facilities are located in the municipality of Torremejía (Badajoz), 15 km from the city of Mérida. The plant has the capacity to process annually 50,000 tonnes of used PET into rPET pellets suitable for use in the production of new plastic bottles.
This transaction, the fund’s seventh acquisition, marks the successful conclusion of the investment period for Buenavista Infraestructuras Iberia I and represents the firm’s entry into the waste treatment industry. The sector is a key component of the fund’s investment strategy and is clearly experiencing growth as a result of the European Union’s increasingly demanding requirements for plastic recycling (particularly for food-grade materials).
This investment further strengthens Buenavista Infraestructuras vehicles’ position in established assets with a proven and sustainable track record, solid revenue forecasts, and reduced operational risk.
The acquisition reaffirms Buenavista’s commitment to ESG policies. TorrePet, which currently holds six certifications, is the most accredited company in the sector in Spain. Notably, it was the first plastic recycling plant in Spain to receive the “End-of-Waste” certification, in accordance with the regulatory framework established and approved by the Spanish Ministry for Ecological Transition and Demographic Challenge.
Victoriano López-Pinto, Managing Partner at Buenavista Infrastructure, commented: “With the addition of TorrePet to our portfolio, we are acquiring a unique asset thanks to its technological leadership and its ability to produce food-grade rPET in a market undergoing significant transformation. Partnering with Veolia, the global leader in environmental services, presents a clear opportunity to continue growing in a sector that will shape the future of infrastructure across Europe. This seventh investment also allows us to successfully conclude the fund’s investment period, and demonstrates the ongoing confidence of our investors, who have made it possible to create a fully diversified and resilient portfolio, well prepared to meet the new challenges of sustainable infrastructure.”
Lucas Geronimi, Executive Director of Valgroup, commented: “Recycling remains a strategic business for Valgroup and continues to be one of the cornerstones of our long-term vision. This transaction reflects our disciplined approach to portfolio management and our commitment to allocating capital to assets that are more closely aligned with the Company’s industrial strategy. We are proud of the journey we have shared with TorrePet and of the role we have played in strengthening one of Europe’s leading PET recycling platforms. We are confident that the company will continue to expand its contribution to the circular economy alongside its new partners.”
Buenavista Infraestructuras Iberia I
Buenavista Infraestructuras Iberia I is the firm’s fund specialising in mobility, social, environmental and energy infrastructure assets. This transaction marks the seventh and final addition to the fund’s portfolio, having successfully deployed 100% of the capital committed by its investors.
The fund’s portfolio also includes two shadow toll motorways, the Autovía del Eresma (Castilla y León) and the Autovía de los Viñedos (Castilla-La Mancha); three leisure marinas, located in Premià de Mar (Barcelona), Burriananova (Castellón) and Arrecife (Lanzarote); and Xoople, a company specialising in the collection of terrestrial data for use in artificial intelligence solutions applied to transport, civil engineering and climate change.
Transaction advisors
For Buenavista Infrastructure: Deloitte
For VALGROUP, S.A.: PWACS Corporate Finance and PWACS Legal.
About Buenavista Equity Partners (www.buenavistaequity.com)
Buenavista Equity Partners is an independent investment management firm founded in 1996, operating in the mid-market segment. It currently manages €1.3 billion through a range of private equity, infrastructure and venture capital vehicles.
About Valgroup
For half a century in the market, Valgroup has established itself as a reference in the production, transformation, and recycling of plastics, with units strategically located in Brazil and around the world. Bringing together more than 7,500 employees across its plants, the company operates with the purpose of improving society’s quality of life through innovative and sustainable packaging solutions.
For further information:
José Luis González / Alicia Hernández
Tel.: 91 702 71 70 / 661 850 384 / 698 198 093
E-Mail: jlgonzalez@kreab.com / ahernandez@kreab.com
