Goldman Sachs Leads $100 Million Investment in Sustainable Textile Company Recover

📆 09/06/2022 08:00 a. m.
📰 WSJ

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Goldman Sachs is leading a $100 million growth investment in Story3 Capital-backed cotton recycler Recover to fuel its expansion and brand development

Goldman Sachs Group Inc.

’s asset-management arm led a $100 million growth investment in Recover Textile Systems SL, an early player inThe transaction values the Spanish company at about $1.1 billion, according to a person familiar with the deal. Recover majority owner Story3 Capital Partners also participated in the investment.

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