Initiative & Finance completed the acquisition of a majority stake in Aktid for €40m.

Initiative & Finance, a private equity firm, completed the acquisition of a majority stake in Aktid, a manufacturer of waste disposal machines, for €40m. "Aktid comes to the end of a 10-year strategic cycle during which the Company and its teams have become immensely professional. We approach the next cycle of our development with enthusiasm and realism: the internationalization of the Company. We are pleased to be able to count on the support of Initiative & Finance "Tomorrow", and Crédit Agricole des Savoie, our historical banking partner, to expand our resources and aggregate our experiences in order to succeed in this new strategic step at the right pace," Pierre-André Payerne, Aktid CEO.