On the Move: Week of December 4, 2023

From funding for circular initiatives to acquisitions, here is this week's On the Move.

December 7, 2023

2 Min Read
Jim West / Alamy Stock Photo

Circulate Capital, an environmental impact investor advancing the circular economy for plastics in high-growth markets, announced he final close of the Circulate Capital Ocean Fund I-B (CCOF I-B), bringing the fund’s total AUM to $76 million and the firm’s total AUM to $255 million. CCOF I-B invests in two complementary strategies aimed at tackling the plastic pollution crisis and fighting climate change:

● Circulate Capital Disrupt (CCD): climate-tech investments in breakthrough innovations that reduce the need for virgin plastics and limit greenhouse gas emissions across the sustainable fashion, biotech and AI, and smart materials sectors.

● Circulate Capital Recycling Supply Chains: growth investments that transform recycling and waste management supply chains in South and Southeast Asia (SSEA), scaling the highest potential solutions and replicating their success.

Circulate Capital also announced that it has secured a $7 million commitment from BII, the UK’s development finance institution (DFI) and impact investors.


Ecore International, a company involved in the recycling and transformation of reclaimed materials into innovative, performance-driven surfaces, announced its strategic acquisition of Ameritread Remanufactured Tires, a Pennsylvania-based company specializing in the remanufacturing of certified reconstructed tires. The acquisition further solidifies Ecore’s commitment to sustainability and strengthens its position as a leader in the circular economy.

For more than 40 years, Ecore has been transforming rubber waste, upcycling in excess of 300 million pounds annually. The company uses recycled rubber to create more than 1,500 different products, including high-performance flooring, pour-in-place playgrounds, athletic fields, mulch trails and more.

Ameritread, operating as Truck Stop Supply Company LLC, is headquartered in Newville, Pa., and boasts a dedicated team of 17 employees. The company excels in the culling, refurbishing and reselling of used tires, giving them a new lease on life as high-quality, certified reconstructed tires.


Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, today announced the completion of the all-cash acquisition of Blancco Technology Group (“Blancco” or the “Company”) for 223 pence per share, representing an equity valuation of approximately £175 million. As a result of the completion of the transaction, Blancco has ceased trading and is no longer listed on the London stock market.

With over 2,500 customers served across 70 countries, Blancco is a market leader in secure data erasure and mobile lifecycle solutions. The Company’s products allow organizations to protect end-of-life data against unauthorized access, safely redeploy data storage assets, and firmly comply with increased data protection and privacy requirements. Blancco Technology Group provides organizations with secure, compliant, and automated solutions that accelerate the transition to the circular economy.


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