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Home > About Us > Press Releases 2011 > Redeem Holdings acquire EMC


5 July 2011
London, UK

LEADING CORPORATE FINANCE ADVISOR, BEANSTALK MANAGEMENT, ASSISTS REDEEM HOLDINGS ACQUIRE B2B RECYCLER ENVIRONMENTAL MOBILE CONTROL (EMC)

Beanstalk Management, the leading corporate finance advisor, has successfully assisted Redeem Holdings acquire B2B recycler EMC. Beanstalk has drawn on its unique expertise to complete commercial due diligence work on behalf of Redeem Holdings.

Scottish based Redeem is an international leader in the recovery and recycling of used mobile phones, print cartridges and other electronic devices. Originally established in 1999 Redeem currently works with some of the UK's and Ireland's largest brands, including network operator O2 and retailers Boots and Sainsbury's, to offer innovative customer recycling programmes. The purchase of Staffordshire based EMC, which specialises in providing value-added recycling and data security services within the SME, corporate and public sectors, complements Redeem's existing expertise in the consumer, charitable and white-label markets.

Redeem CEO Curt Hopkins, who led a management buy-in of Redeem in January 2011 said: "We worked successfully with Beanstalk Management during our management buy-in of Redeem so it made perfect sense to appoint them for our acquisition of EMC. Once again, Beanstalk's sector knowledge and commercial experience meant they quickly understood the key issues that we needed their commercial due diligence to address. They provided us with the comfort and key insights to progress with the acquisition. I have no hesitation in recommending Beanstalk to anyone looking for a tenacious, competent and professional corporate finance boutique for commercial due diligence work."

Commented Richard Baker from Beanstalk Management: "We have enjoyed working with Curt and his team again to support their acquisition of EMC. We wish them every success as they bring EMC into Redeem and continue to build the business."