Stonepeak Acquires Co-Control Stake in IFCO from ADIA, Expanding Influence

In a significant move within the global logistics and packaging sector, Stonepeak, a prominent alternative investment firm specializing in infrastructure and real assets, announced on July 9, 2025, its agreement to acquire approximately 50% of a co-controlling stake in IFCO Group. This acquisition is from a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), and it marks a notable partnership as Stonepeak joins existing investor Triton, who remains a committed partner to the company.

IFCO Group is recognized as a leading provider of reusable packaging solutions for fresh foods, managing a robust logistics system that utilizes over 400 million reusable packaging containers (RPCs) for more than 2.5 billion annual shipments of perishable goods. The company has established approximately 140 service centers worldwide to maintain and repair these containers, thus supporting a circular supply chain aimed at sustainability.

The acquisition is set against a backdrop of increasing demand for sustainable packaging solutions in the food supply chain, as companies seek to reduce environmental impact and enhance operational efficiency. According to Michael Pooley, Chief Executive Officer of IFCO, "With the support of ADIA and Triton, IFCO has undergone a successful strategic and operational transformation, delivering strong growth. We welcome Stonepeak as a new partner alongside Triton, whose expertise will be instrumental in furthering IFCO’s growth and strengthening its market position globally."

Nikolaus Woloszczuk, Senior Managing Director at Stonepeak, emphasized the importance of IFCO’s established logistics network, stating that it represents a critical component of the grocery supply chain. He highlighted the company's commitment to sustainability and cost-effectiveness: "IFCO’s leadership position is underpinned by its extensive network and scale, which deliver significant advantages over single-use packaging. We believe this partnership will not only enhance IFCO’s growth trajectory but also contribute to the broader goals of sustainability in the food industry."

Stephan Förschle, Partner and Co-Head of Business Services at Triton, expressed confidence in the future of IFCO under this new investment structure. "Together, we share the ambition to create value for our investors and portfolio companies. IFCO is core to Triton’s Business Services investment strategy, and we remain excited about the company’s prospects."

Hamad Shahwan Aldhaheri, Executive Director of the Private Equities Department at ADIA, reflected on the successful collaboration between ADIA and Triton since their initial investment in IFCO's carve-out from Brambles in 2019. "IFCO has built solid foundations for the future, based on strong operational performance and enhanced digital capabilities. We wish continued success to IFCO, Triton, and Stonepeak in the coming years."

The transaction, subject to customary regulatory approvals, is expected to be finalized in the fourth quarter of 2025. Financial advisory roles are being fulfilled by Citi for Stonepeak and by Bank of America and Morgan Stanley for ADIA and Triton, with legal counsel provided by Kirkland & Ellis and Latham & Watkins respectively.

This acquisition is poised to not only reshape the ownership structure of IFCO but also enhance its capacity to meet growing market demands for sustainable and efficient packaging solutions. The collaboration among Stonepeak, Triton, and IFCO signifies a strategic consolidation of resources and expertise in a sector increasingly focused on sustainability and operational efficiency. As the global demand for fresh produce continues to rise, the role of companies like IFCO in delivering sustainable solutions will be more crucial than ever, indicating a promising future for the reusable packaging industry.