Singapore’s Blue Planet acquires Mumbai-based waste processor Yasasu

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Singapore-based Blue Planet Environmental Solutions has acquired Yasasu EMS, an organic waste processing company based in Mumbai. Yasasu manufacturers self-contained and compact digesters which the company claims can process one to five tonnes of organic waste such as leftover food, vegetable and fruit peels, garden waste and sludge.

The acquisition, which was announced on Tuesday, was the second by Blue Planet in India in less than six months. In October, it had acquired Pune-based Rudra Environmental Solution (India) Ltd, for an undisclosed amount. Rudra helps divert plastic waste from landfills and produce valuable outputs at no cost to the environment.

Blue Planet Environmental Solutions is backed by Neev Fund in which State Bank of India (SBI) is an investor.

“Yasasu’s distributed waste-to-energy solution would dramatically reduce disposal to landfill and generate clean, reliable energy from a renewable fuel source,” said Prashant Singh, Chief Executive Officer, Blue Planet, in a statement. “Yasasu’s unique offerings are highly scalable and will meaningfully contribute to Blue Planet ’s rapid growth plans” he added.

Yasasu EMS was incorporated in 2016 and has been incubated by Organic Recycling Systems to cater to the burgeoning needs of the Urban Civic Local Bodies for effective processing and disposal of municipal solid waste generated in the cities throughout the country.

India’s urban waste management solutions has attracted the interest of global investors such as private equity fund KKR which in August announced a 60% stake buy in environmental solution provider Ramky Enviro Engineers Ltd (REEL) for $530 million. This was the largest buyout by a private equity firm in India’s environmental services sector. The acquisition will be done through a combination of primary and secondary investments from KKR’s Asian Fund III.

Hyderabad-based REEL’s offerings of environment management services include collection, transport and processing of hazardous, municipal, biomedical and e-waste, as well as recycling of paper, plastic and chemicals.

Also Read:

India Dealbook: Blue Planet, Aban Offshore in M&A

This article was first published on livemint.com

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.