Enabling Acceleration of Recycling Solutions

Goldman Sachs served as exclusive financial advisor to a $150 million equity raise

Nexus Circular agreed to terms for an equity raise of $150 million with Cox Enterprises — enabling Nexus to build additional capacity to serve its expanding customer base and meet the outsized demand for recycled-plastic products. Cox, focused on building the world’s most innovative businesses in clean tech and environmental sustainability, led the round and will become the majority owner. Goldman Sachs served as exclusive financial advisor to Nexus Circular in the deal, which was announced in January 2023.

Nexus Circular, a market-leading advanced recycling company at the center of the plastics circular economy, believes it is on a trajectory to convert billions of pounds of hard-to-recycle plastics into circular products to support their global partners’ 2025–2030 sustainability commitments. Nexus’ proprietary technology and leading process design converts landfill-bound plastics into clean, high-quality ISCC Plus–certified circular products for use in the production of virgin-equivalent plastics to meet the recycled-content goals of global companies.