Itelyum, Pieve Fissiraga/Lodi (Italy)

Recycling of complex industrial waste


Established in 1963, Itelyum is a leading European Circular Economy player, specialised in recycling complex streams of hazardous liquid waste, leveraging distinctive chemical competences. Itelyum operates 25 plants, employs over 800 people, and is a technology and market leader in most of the niches in which it operates: waste oil regeneration, solvent purification, and industrial waste management and recycling. With its one-stop-shop approach and solid processes and procedures, the Company targets industrial companies which need to comply with increasingly strict waste regulations and reach higher recycling rates.

Under Stirling Square’s stewardship, Itelyum has evolved from a local, family-owned company into a professionally managed European leader with multiple product lines across diversified streams of hazardous waste. The Company has a virtuous environmental footprint, as its activity results in 500 kilotons fewer CO2 emissions, 1,000 tons fewer air pollutants, 15 million cubic meters of water savings and 400 hectares less of land consumption, per year.

Growth financing

Minority investment of DBAG Fund VII
First invested
October 2021
Revenues 2022

As of 31 December 2023



Julian Nahm
Julian Nahm
Julian Nahm
+49 69 95787-242

Julian Nahm


Julian Nahm joined Deutsche Beteiligungs AG in 2018.

He has ten years of experience in the private-equity and M&A sector. Prior to joining DBAG, he worked at the British private equity company Cinven. He began his career at Goldman Sachs, working in the area of investment banking.

Julian Nahm holds a Bachelor of Science in Business Administration, and a Master of Science in Finance from the WHU – Otto Beisheim School of Management. He also studied at the USC Marshall School of Business, University of Southern California.

Current portfolio companies


Former portfolio companies