Redeem industry image

Redeem Group

Date Bought: July 2019

Industry: Recycling

Location: UK

Website: www.redeemgroup.com

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“We are committed to reducing electronic waste globally and look forward to working with Rcapital to deliver sustainable growth.”
Paul Egan, Executive Chair

Redeem Group is a leading global provider of recycling and re-commerce solutions for mobile phones and other handheld electronic devices.

Rcapital have backed Paul Egan (Executive Chairman), George Middlemiss (Group Finance Director), Simon Dunn (Global Commercial Director), Steve Meakin (Group Operations Director) and Roger Linnell (Group IT Director) who will work in partnership with the Rcapital team to invest in and grow the Redeem business.

Headquartered from its UK facilities in Macclesfield and Edinburgh, the business also has an established presence in Spain, the Nordics and the Middle East and is supported by over 180 full time employees. Over the last 18 months, Redeem has undergone a successful transformation of  the business which includes significantly reducing the cost base, refocusing strategy and reshaping the management team. Redeem currently has global revenues approaching £70 million. By partnering with Rcapital, the management team has a strong foundation to further develop its wide range of re-commerce services to high-profile blue-chip clients, which include mobile network operators, retailers and corporates.

Paul Egan, Executive Chairman of Redeem said: “Our partnership with Rcapital brings the necessary growth funding and operational support to take advantage of the strong pipeline of new business and profit improvement opportunities. Redeem are committed to reducing electronic waste globally and we look forward to working with Rcapital to deliver sustainable growth.”