Aquafil is to merge with Space3, an asset management firm, and plans to list on the Italian stock exchange this autumn. Aquafil specializes in the production of synthetic fibers used in the textile, flooring, and clothing industries. The company is also known for its Econyl Regeneration System, an industrial system for the production of Nylon 6 from 100 percent regenerated waste materials from oceans and landfills, including abandoned fishing nets and other discarded nylon waste materials. This system has been designed by Aquafil, which introduced it in 2011. Aquafil, part of the portfolio of Three Hills Capital Partners (THCP), is present in eight countries on three continents, with 16 plants employing more than 2,700 people in Italy – where it is headquartered – as well as Slovenia, Croatia, Germany, the U.K., the U.S., Thailand and China. Aquafil posted revenues of around €482 million in 2016. Three Hills Capital Partners said it envisages a full exit of its 2014 round of financing and the repayment of the capital invested in 2016. THCP also said it will retain an equity stake in the company.