Carson McDowell was delighted to advise MML Ireland in respect of its investment in IT recycling company the Vyta Group
06 May 2022
Vyta is a leader in the fast-growing IT asset disposition (ITAD) market and is one of the most accredited ITAD providers in Ireland and the UK.
Neil McGowan, Partner and Co-head of investments, MML Ireland, said “The European ITAD sector is a fast-growing, but fragmented market that presents a significant opportunity for Vyta Group. We are impressed by the company’s management team and their track record in growing the business to date, which, together with MML’s investment and support, positions Vyta optimally as a consolidator in the market.”
Philip McMichael, Founder and CEO, Vyta, said: “MML not only share our growth ambitions but also our sustainability ethos and dedication to growing the circular economy. The funding, along with their knowledge and experience, will be vital to us as we embark on our strategy to consolidate the UK and Europe’s ITAD market. I am extremely proud of our business and our team, four of whom have made investments in the company to become shareholders. It reflects their dedication and belief in what we do. That commitment puts us in a very strong position, and I’m excited to continue to work together as we aim to become the best-in-class ITAD services provider in Europe.”