Receiver finds buyer for Greenstar

A buyer has been found for the Dublin-based waste management business Greenstar eight months after the company entered receivership.

Cerberus European Investments — a subsidiary of New York-based private investment group, Cerberus Capital Management — has reached agreement with the Irish company’s receiver, David Carson of Deloitte, to purchase the business.

It is unclear how much Cerberus is paying for Greenstar, which has revenues of over €100m, but had debts of over €80m when it went into receivership last August.