Recover Textile Systems, S.L.
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Recover Textile Systems, S.L. - overview
Established
1947
Location
-, -, Spain
Primary Industry
Materials
About
Recover Textile Systems, S. L. specializes in producing sustainable recycled cotton fibers from textile waste, providing innovative solutions for the fashion industry to promote circular economy practices. Founded in 1947 in Spain, Recover Textile Systems, S.
L. focuses on the recycling of textile waste into high-quality cotton fibers. The company has successfully raised USD 100 mn in its most recent funding round led by Goldman Sachs Merchant Banking Division and STORY3 Capital Partners, which accelerates its growth strategy. The current CEO is Alfredo Garcia, and the founder is Sven Feijen.
Recover™ develops sustainable recycled cotton fibers, particularly from textile waste, including industrial byproducts and used garments. Their main products, RCotton and RColorBlend, cater to the fashion industry's demand for environmentally friendly materials. The company collaborates with brands like DL1961, C&A, and Primark, operating across Europe, North America, and selected regions in Asia. In 2022, Recover™ reported revenues of USD 5.
43 mn, with an EBITDA of USD -10. 90 mn. The company's B2B model serves retailers and fashion brands committed to sustainability in their supply chains, ensuring a strong demand for their recycled cotton fibers. Following the investment of USD 100 mn in June 2022, Recover Textile Systems, S.
L. plans to leverage this funding to enhance product development, including the launch of new sustainable fiber blends, and expand its market presence in key regions such as Asia and North America by 2025. This growth strategy aims to meet rising global demand for sustainable textile solutions.
Current Investors
STORY3 Capital Partners, Goldman Sachs Asset Management
Primary Industry
Materials
Sub Industries
Recycling, Textiles
Website
www.recoverfiber.com
Verticals
Manufacturing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Recover Textile Systems, S.L. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Recover Textile Systems, S.L. | - | ||||||||
| Growth | Completed | Recover Textile Systems, S.L. | - |
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