Circularity Capital invests in Danish based world leader in advanced recycled PVB products

Copenhagen, 20th April 2020: Circularity Capital LLP, continues to build its portfolio of European growth stage businesses enabling the circular economy, leading a growth funding round in Shark Solutions, the world leader in the production of advanced recycled PVB products.

Circularity Capital’s investment will further enhance the development of Shark Solutions’ existing manufacturing infrastructure in Europe and the United States, whilst also accelerating the adoption of the Shark Solutions’ PVB product range into adjacent end markets globally.

Traditional approaches to the recycling of end of life laminated glass (including windscreens and architectural glass) are unable to capture the highly valuable polymer interlayer (PVB) that improves performance under impact. Shark Solutions is able to cost effectively separate this PVB layer and transform it into highly valuable, non-toxic, sustainable, recyclable and price-competitive materials which are used in paints, coatings, adhesives and flooring products.

Shark Solution’s plants in Europe and the United States manufacture tens of thousands of tonnes of material per year for leading, global industrial companies, including for use in a number of Cradle-to-Cradle Certified products.

Circularity Capital’s investment in Shark Solutions is consistent with its hands-on approach of backing businesses capturing value through circular business practices. Circularity Capital’s investment will see it play a key role in supporting the management team and accelerate its international roll out plan. Ian Nolan, Partner at Circularity Capital, has joined the Shark Solutions Board.

Andrew Shannon, Partner at Circularity Capital, said: “Shark Solutions is a great fit with Circularity Capital’s focus on leading companies creating valuable products from what are currently considered waste streams. Our investment in Shark Solutions is highly aligned with Circularity’s focus on using the circular economy to identify opportunities where we can drive financial value creation in parallel with positive environmental and societal impact. We are excited to be working together with Shark Solutions to support them further accelerate the roll out of their proven solution to meet global customer demand”.

Jens Holmegaard, founder of Shark Solutions, commented: "Circularity Capital’s investment will play a key role in helping to fuel our market growth. In addition to allowing us to reach more customers, the funding will accelerate further product offerings, which will deliver even more value for our customers. We placed significant emphasis on partnering with an investor that brings more than just capital to the table - Circularity Capital’s specialist network and insight in the circular economy was a great fit for us“.