Kargro, the Dutch market leader in collecting and recycling of end-of-life tyres (“ELTs”), was acquired by management in a management-buy-out. Kargro, headquartered in Montfoort, collects used truck tyres under the brand name Kargro Banden and used passenger car tyres under the brand name Lintire. The collected tyres are either sold for new use, re-treaded by Kargro’s wholly owned subsidiary Banden Plan Europe of processed into raw materials (rubber, steel and cotton). The company is frontrunner when it comes to circularity and is actively investing and doing research in new recycling techniques. Banning acted as legal advisor to all shareholders.