PORTFOLIO — Environmental SERVICES
Papilo
Papilo is a total waste management solutions business offering an outsourced recycling service across a range of sectors, providing compliant and data-driven circular economy strategies for its clients in helping them to reduce waste, cost and improve levels of recycling.
Key Facts
Initial investment: 20/06/2023
Sector – Environmental Services
Fund — Impact Fund II
Status — Current
Investment Highlights to date
- Acquired the organic waste land spreading division of Silverwood Waste Management, now rebranded to Papilo Organics, in June 2025.
- Completed the acquisition of Allwood Recycling Solutions, a provider of total waste management solutions with a specialism in the logistics and distribution sector, in January 2026
- Strengthened the team with the recruitment of a CEO, CFO, IT Director and Sales Director as well as the recruitment of a Chair with significant experience of the industry
- Ongoing investment in IT systems to improve data and drive operational efficiencies through process automation
- Rebranded the company to Papilo and supported a Head Office relocation
- Grown the impact of the business with over 345,000 tonnes of Co2 avoided since our investment

Partnership Motivation
Papilo is a proven market leader in developing innovative waste strategies, audits, consultancy and management. The circular economy is also extremely high on our agenda, so we were keen to welcome a company whose mission aligns with our Impact Fund. We are excited to work with such a passionate team with whom we share many common values.
Michael Gibson, CEO of Papilo
Mike brings a broad and dynamic blend of experience, leadership, and industry expertise to his role as CEO. His deep knowledge, combined with a fresh perspective, is instrumental in driving Papilo’s continued growth, enhancing its service offering, and guiding the business confidently into its next chapter.
“I am incredibly excited to have joined Papilo. I am relishing the challenge and I look forward to working with the talented team in the business and building on the excellent partnership with Palatine.”
Michael Gibson
CEO – Papilo


