Transaction summary

AMSTERDAM, 22 June 2022 – InfraVia Capital Partners (“InfraVia”) has signed an agreement to acquire a majority stake in Blue Phoenix Group (“BPG” or the “Company”) from Waterland Private Equity (“Waterland”). Daiwa International Capital Partners (“Daiwa ICP”) will roll-over its current stake alongside InfraVia. Completion of the transaction is subject to clearance by the relevant competition authorities.

With the support of InfraVia as a new majority shareholder next to Daiwa ICP, the Company will be able to further focus on its international expansion strategy of servicing energy-from-waste (“EfW”) companies with sustainable solutions for recycling Incinerator Bottom Ash (“IBA”).

Official press releases: Blue Phoenix Group, InfraVia

Emendo Capital and Natixis Partners acted as joint financial advisers to InfraVia.

About Blue Phoenix Group

Blue Phoenix Group provides integrated sustainable solutions to the EfW sector for treatment and recycling of bottom ash that remains after waste incineration. The company is recognised as critical infrastructure in the waste value chain by diverting the EfWs’ waste products from landfill and recycling it into usable products; enabling to shift the waste supply chain towards a more circular model. Waterland has been the main shareholder of the Company since 2015 and has developed BPG to further strengthen its role as a global player with more than 25 ash recycling facilities worldwide and activities in the UK, USA, EU, Asia, and Australia.

For additional information on Blue Phoenix Group, visit https://www.bluephoenix-group.com/

About InfraVia

InfraVia is a leading independent private equity firm, specialised in private markets across European infrastructure and technology investments. InfraVia supports entrepreneurs and industrial players in their growth and digital strategy, accelerating their transformation into sizeable platforms. Since 2008, InfraVia has raised €10bn of capital and invested in 40+ companies across 13 European countries.

For additional information on InfraVia, visit https://infraviacapital.com/

About Waterland

Waterland is an independent European private equity investment group that supports entrepreneurs in realising their growth ambitions with its unique pro-active deal sourcing and buy-and-build strategy. Waterland currently manages over € 10 billion of investor commitments. Since its founding in 1999, Waterland has grown to more than 140 team members operating across 12 offices in 10 countries.

For additional information on Waterland, visit https://waterland.nu/en

About Daiwa International Capital Partners

Daiwa ICP was established in 2020 by Gregor Jackson, Sergio Ronga and Daiwa International Investments GK as an independent manager of high quality infrastructure assets.

For additional information on Daiwa, ICP visit https://www.daiwa-icp.com/en/