Ecobat Completes Sale of U.K. Operations to Funds Advised by Splitstone Capital

Core Insights - Ecobat has successfully completed the sale of its battery recycling and specialty lead operations in the UK to funds advised by Splitstone Capital LLP, marking a strategic shift for the company [1][2]. - The divestiture aligns with Ecobat's strategic plan to focus on North America and lithium-ion battery recycling operations, following similar divestitures in France, Italy, Germany, and Austria [2]. Company Overview - Ecobat is recognized as the world's largest recycler of batteries, providing innovative solutions for battery recycling, resource recovery, and energy storage [3]. - Splitstone Capital LLP, founded in 2024, is a private equity firm based in London that specializes in acquiring non-core divestment opportunities in the industrial and business services sectors [3]. Transaction Details - The transaction includes Ecobat's facilities located in Matlock and Welwyn Garden City [1]. - Rothschild & Co served as the financial advisor, while White & Case acted as the legal advisor for Ecobat during this transaction [2].