ADIA Subsidiary Sells Stake in IFCO to Stonepeak
Deal News | Jul 10, 2025 | Zawya
A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) is divesting its 50% co-controlling stake in the German food packaging company IFCO. The buyer is US investment firm Stonepeak. The financial terms of the sale have not been disclosed. European mid-market investor Triton will maintain its 50% stake in the company. ADIA had previously invested in IFCO following its $2.5 billion carve-out from Australian logistics company Brambles in 2019. Founded in 1992, IFCO operates a global logistics system with over 400 million reusable packaging containers. The sale is subject to customary regulatory approvals and is projected to conclude by the fourth quarter of 2025. Citi is acting as a financial advisor and Kirkland & Ellis as legal counsel to Stonepeak, while Bank of America and Morgan Stanley & Co. International PLC are serving as financial advisors and Latham & Watkins as legal counsel to ADIA and Triton.
Sectors
- Investment and Finance
- Food Packaging
- Logistics
Geography
- United Arab Emirates – ADIA, the seller in the transaction, is based in the UAE.
- Germany – IFCO, the target company, is a German food packaging firm.
- United States – Stonepeak, the buyer, is a US-based investment firm.
Industry
- Investment and Finance – The article involves ADIA, Stonepeak, and Triton, all key players in the private equity and investment sectors.
- Food Packaging – IFCO operates within the food packaging industry, providing a global logistics system using reusable containers.
- Logistics – IFCO manages a logistics system worldwide, emphasizing its role in the global supply chain.
Financials
- Not disclosed – The financial details of the sale have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Abu Dhabi Investment Authority (ADIA) | Selling Company | Company | A subsidiary of ADIA is selling its 50% stake in IFCO. |
| Stonepeak | Bidding Company | Company | An American investment firm acquiring a 50% stake in IFCO. |
| Triton | Other Company | Company | Maintains its 50% share in IFCO after the transaction. |
| IFCO | Target Company | Company | A German company managing a global logistics system using reusable packaging containers. |
| Citi | Financial Advisor | Company | Financial advisor to Stonepeak. |
| Kirkland & Ellis | Legal Advisor | Company | Legal counsel to Stonepeak. |
| Bank of America | Financial Advisor | Company | Financial advisor to ADIA and Triton. |
| Morgan Stanley & Co. International PLC | Financial Advisor | Company | Financial advisor to ADIA and Triton. |
| Latham & Watkins | Legal Advisor | Company | Legal counsel to ADIA and Triton. |