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May 17, 2022

Investment Banking: MaxCo Polska successfully joins the Reborn Group under the XL Recycling activities, through the sale of 100% stake in the business.

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The shareholder of MaxCo Polska (the “Company”) has successfully closed the sale of a 100% stake to XL Recycling (trading under the Reborn Group), a French stalwart in the plastic circular economy (the “Transaction”). The sale will enable Max Craipeau, the Company’s shareholder, to strengthen his focus and activities on the plastic recycling industry in Asia.

The Transaction allows XL Recycling to enhance its presence in Poland, as well as enable XL Recycling to leverage on Maxco Polska’s presence and industry network to further continue its success story. Maxco Polska shall continue its operations under its new name, XL Recycling.

The Company and Max Craipeau were exclusively advised by CIGP. In its capacity as advisor, CIGP managed the sales process, prepared the sales documentation, accompanied the seller on the due diligence, conducted contract negotiations and successfully assisted on concluding the transaction.

Elzbieta Viroux from Viroux & Partners acted as legal counsel for Max Craipeau and the Company in connection with the transaction.

I am excited to have XL Recycling to continue my vision in Poland and take the firm to new heights. Europe has always been a pioneer in the world in recycling and green economy, and XL Recycling is perfectly placed in France and Poland to do this. The firm is in good hands with XL Recycling, and there remains many opportunities to cooperate with them in the future from my base in Asia

– shared by Max Craipeau – sole shareholder and founder of MaxCo Polska, Chairman at the Bureau of International Recycling (“BIR”).

XL Recycling has been looking to expand its operations in Central Europe, in Poland in particular, where the Reborn group has been active over the past 15 years. The acquisition of Maxco Polska is a great opportunity to leverage on our existing customer base for our packaging films and jumpstart our waste management and collection services. We will offer a unique closed-loop service to our main customers across the region by collecting their wastes and upcycling them into 100% recycled film for their packaging. Reborn, through its recycling arm XL Recycling, is the European leader in 100% recycled content packaging film for beverage, hygiene, food and construction markets

– shared by Arthur Lepage, – CEO of XL Recycling.

Advising serial entrepreneurs such as Max Craipeau in cross border transactions, especially in such an important sector as Plastic Recycling, Closed Loop systems and Sustainability is the essence of what CIGP does for its clients. We are proud to contribute to this story for Maxco Polska.

– shared by Hugues de Saint Seine, – Partner at CIGP.

About MaxCo Polska

MaxCo Polska (the “Company”), founded in Poland, is one of the multiple ventures started by Max Craipeau. MaxCo Polska’s main business is in Poly-Ethylene (PE) granulation, commonly used for the packaging of plastic bottles and other consumer goods products. The Company collects quality plastic feedstocks from long-time suppliers across Europe, sorts, filters and pelletizes it into r-PE pellets ensuring it is re-used.

About XL Recycling (

XL Recycling is a subsidiary under the Reborn Group, together with ExcelRise, Ceisa Packaging and Semo Packaging (together, the “Group”). XL Recycling specialises in the circular economy of plastics and upcycling plastic packaging into reusable brand-new products. The group employs 350 people at its 5 production sites in France (Normandy, Vosges, Pyrenees, Centre Val de Loire, Rhône-Alpes) and has sales subsidiaries in Poland, Morocco and the USA. For more information:

About CIGP (

CIGP is an independent financial advisory group, rooted in Geneva for more than 50 years, providing investment banking services and wealth & asset management to its Clientele. CIGP Group focuses on advising entrepreneurs and their families on strategic matters and offering a comprehensive as well as bespoke range of financial services to private, entrepreneurial and institutional clientele, thanks to a fully integrated financial platform. Over the past decade, CIGP has expanded internationally to Milan, Dubai, Hong Kong and London.

For further information, please address your queries to For more information about our capabilities and a selection of our Case Studies, click here.


Reborn (Cap&Cime PR Agency) CIGP
Siriane Bajot
Laetitia Bierre-Agnolutt
Hugues de Saint Seine
Carl-Alexander Van Tornout
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