InfraVia Acquires Blue Phoenix Group
Posted on 06/24/2022
Disclosed on June 22, 2022, InfraVia Capital Partners acquired a majority stake in Blue Phoenix Group, a company engaged in waste recycling infrastructure, from Waterland Private Equity. Blue Phoenix Group provides integrated sustainable solutions to the energy-from-waste sector for treatment and recycling of bottom ash that remains after waste incineration. Daiwa International Capital Partners will roll-over its current stake alongside InfraVia. With the support of InfraVia as a new controlling shareholder and Daiwa ICP, Blue Phoenix will accelerate its growth with the ambition to further strengthen its role as global leader in incinerator bottom ash processing. Read more about the intended acquisition here.
Waterland has been the main shareholder of the Blue Phoenix Group since 2015 and has developed Blue Phoenix Group to further strengthen its role as a global player with more than 25 ash recycling facilities worldwide and activities in the UK, United States, EU, Asia, and Australia.
International law firm Clifford Chance advised private equity firm InfraVia Capital Partners. Emendo Capital and Natixis Partners acted as joint financial advisers to InfraVia.
On July 21, 2021, Daiwa ICP European Infrastructure 1, L.P. purchased a 30% stake in Blue Phoenix Group from Waterland Private Equity. Daiwa ICP European Infrastructure 1 is a platform established by Daiwa International Capital Partners Limited in May 2021 to invest in strategic European infrastructure assets.