Latest news with #HamadShahwanAldhaheri
Al Etihad
10-07-2025
- Business
- Al Etihad
ADIA to exit IFCO stake as Stonepeak steps in as co-owner
10 July 2025 13:05 A. SREENIVASA REDDY (ABU DHABI)Abu Dhabi Investment Authority (ADIA) is set to exit its 50% stake in IFCO Group, a leading global provider of reusable packaging solutions for fresh foods. Stonepeak, an alternative investment firm specialising in infrastructure and real assets, announced in a statement that it has entered into a definitive agreement to acquire the co-controlling stake from a wholly owned subsidiary of remaining 50% in IFCO will continue to be held by Triton, the European mid-market sector-specialist investor that partnered with ADIA in acquiring IFCO in 2019 from Australian logistics provider Brambles Ltd. at a valuation of $2.5 billion, including debt. The new arrangement will give Stonepeak and Triton 'joint and equal ownership and governance' over the cost of the transaction is not given in official statements but a Bloomberg report earlier put it over €2 billion ($2.3 billion).'ADIA invested alongside Triton in IFCO's carve-out from Brambles in 2019. Since then, IFCO has built solid foundations for the future, based on strong operational performance and enhanced digital capabilities, and is well positioned for growth,' said Hamad Shahwan Aldhaheri, Executive Director of the Private Equities Department at ADIA. 'We wish the Company, Triton, and Stonepeak continued success in the years ahead.'Founded in 1992, IFCO operates one of the world's largest circular logistics systems with a pool of more than 400 million reusable packaging containers (RPCs), enabling over 2.5 billion shipments of fresh food annually across more than 50 countries. Its customers include over 300 retailers and 18,000 growers globally.'With the support of ADIA and Triton, IFCO has gone through a successful strategic and operational transformation and delivered strong growth,' said Michael Pooley, CEO of IFCO. 'We welcome Stonepeak as a new partner alongside Triton.''As the operator of the largest and most established logistics network for reusable packaging in the grocery supply chain globally, IFCO represents a critical component of the logistics infrastructure delivering fresh produce,' said Nikolaus Woloszczuk, Senior Managing Director at Stonepeak. 'We believe the Company's high-quality, market-leading platform has meaningful embedded and adjacent growth opportunities, and we are excited to partner with Triton and the IFCO team to accelerate this next chapter of growth.''We thank ADIA for its support of IFCO and the trustful collaboration with Triton over the last six years and are looking forward to continuing our investment journey with Stonepeak. Together we share the same ambition to create value for our investors and portfolio companies,' said Stephan Förschle, Partner and Co-Head of Business Services at Triton. The transaction is expected to close in Q4 2025, subject to regulatory approvals. Stonepeak was advised by Citi and Kirkland & Ellis. ADIA and Triton were jointly advised by Bank of America, Morgan Stanley, and Latham & Watkins.
Khaleej Times
03-04-2025
- Business
- Khaleej Times
Adia acquires significant minority stake in French firm
The Abu Dhabi Investment Authority (Adia) has announced its acquisition of a 'significant minority stake' in the French outdoor accommodation firm, the European Camping Group (ECG), through a wholly owned subsidiary. The financial terms of the transaction have not been disclosed. In this deal, PAI Partners, a France-based private equity firm, will sell its minority stake in ECG while retaining majority ownership. The transaction is contingent upon customary regulatory approvals and is expected to be finalized in the second quarter of 2025. PAI Partners first invested in ECG in 2021, focusing on enhancing facilities and amenities across the group's sites and mobile-home fleet. In 2023, PAI expanded its involvement by acquiring VacanceSelect, further integrating European campsite and mobile-home operators into the ECG portfolio. Currently, ECG operates in 11 European countries through its leading brands, Eurocamp and Homair. This strategic investment by Adia aligns with its growing interest in European markets, which now constitute 22 per cent of its portfolio, making it the second-largest region after Asia Pacific, at 38 per cent. Adia, managing nearly $1.06 trillion in assets, has been active in Europe, recently increasing its financial commitment to Cheyne Capital's real estate private credit strategy, targeting senior lending against European real estate. The undisclosed investment raised Cheyne's total commitment to $836 million. Additionally, in June, Adia acted as an anchor investor in Pemberton Asset Management's NAV strategic financing strategy, helping to push the initiative's first close to over $1 billion. Hamad Shahwan Aldhaheri, executive director of the private equities department at Adia, praised ECG for establishing itself as a leading player in the outdoor accommodation sector. 'This investment, alongside a proven partner in PAI, aims to support and accelerate the growth of the business,' he said. Bertrand Monier, a partner at PAI, emphasised ECG's position as a market leader, noting the substantial investment and exceptional management driving its success. 'We are delighted to welcome ADIA as our fellow shareholder for the next stage of growth, sharing our vision for ECG and the opportunities to build on its success,' he stated. ECG CEO Sébastien Manceau expressed enthusiasm about the new partnership: 'We are delighted to welcome Adia as a new investor alongside PAI to support our growth trajectory and continue strengthening our leadership in the European outdoor accommodation market. This new chapter will allow us to pursue our geographic diversification journey and focus on organic and operational levers to achieve our full potential.' As Adia continues to expand its footprint in Europe, this investment in ECG reflects its strategic approach to identifying and supporting high-potential businesses in diverse sectors.
