Agile’s investment along with existing BEE partners VNK Leani means that Spill Tech maintains its Level 1 BEE status and underlines Séché Environnement’s ambition for growth and commitment to transformation in South Africa.
“We specifically target companies with sustainable business models, and strong management teams that align with, and compliment, our own competitive outlook,” said Tshego Sefolo, CEO Agile Capital.
“As a business Agile Capital invests in diverse sectors across the local market. Furthermore, we look to use these opportunities to invest in businesses to establish meaningful transformation.”
The French group Séché Environnement, a leading specialist in circular economy solutions, first invested in South Africa in 2019 through the acquisition of Interwaste. Interwaste is a major integrated waste management operator offering solutions to industrial and municipal clients.
“We are happy to welcome Agile into the Séché Group in South Africa and are extremely confident in this new partnership because it adds Agile’s success at building businesses to Séché’s leading expertise in waste management and environmental response worldwide along with Séché’s depth of experience in this sector,” says Maxime Séché, CEO Séché Environnement.
Séché further strengthened its position in South Africa by acquiring Spill Tech in 2021. Spill Tech provides several environmental services for industrial clients, including hazardous waste management, site decontamination, maritime depollution and the treatment of polluted soil.
Additionally, in 2018 Spill Tech secured significant equity in niche underwriting agency, Envirosure, offering environmental impairment cover within South Africa and neighbouring countries.
Agile Capital’s approach is that of a long-term equity investor focused on investing in companies with strong growth prospects.
“We look to collaborate with our business partners to make the businesses we in invest in successful, and achieve long-term objectives for all stakeholders,” concluded Sefolo.