Stonepeak to acquire a 50% stake in IFCO from ADIA.

Stonepeak, an alternative investment firm, agreed to acquire a 50% stake in IFCO, a global provider of reusable packaging solutions, from ADIA, an investment firm. Financial terms were not disclosed. “With the support of ADIA and Triton, IFCO has gone through a successful strategic and operational transformation and delivered strong growth. We want to thank both investors for their contribution and welcome Stonepeak as a new partner alongside Triton. Stonepeak’s expertise in critical infrastructure and proven investment strategy paired with Triton’s long years of sector experience and focus on digitalisation and sustainability will contribute largely to IFCO’s further growth, strengthening our market leading position globally,” Michael Pooley, IFCO CEO.