Generation Capital completed the acquisition of a 75% stake in KMM Recycling for $198m.

Generation Capital, an investment company, completed the acquisition of a 75% stake in KMM Recycling, a waste management firm, for $198m. "The acquisition of KMM represents a central pillar in realizing the growth strategy of GES, in consolidating its position as a leading player in Israel’s waste market, an area that is essential for the well-being of the residents of Israel. KMM has an experienced team, broad deployment, quality customers and widespread connections and is the optimal platform for integrating into the environmental activities of GES, with full synergy on the entire value chain in the waste sector. Its activities fit in with the strategy of the Ministry of Environmental Protection and makes for fertile ground for growth," Erez Balasha, Generation Capital CEO.