Tellus Secures A$240 Million in Debt Financing from Carlyle & amicaa
Deal News | Aug 22, 2025 | The Carlyle Group
Global private equity firm, The Carlyle Group, and Australian private credit manager, amicaa, have jointly extended an A$240 million debt financing package to Tellus Holdings Limited. Tellus, an independent environmental services company based in Western Australia, will use the funds to refinance existing debt and fuel its growth. The company operates Australia's only licensed geological repository for hazardous waste, located in Sandy Ridge. This strategic financing highlights Carlyle's commitment to private businesses in complex sectors and aids Tellus in its goal to provide sustainable waste disposal solutions, aligning with the green economy transition. Carlyle’s Global Credit platform, overseeing $203 billion in assets, manages the investment, emphasizing their strategic ventures in Australia and New Zealand.
Sectors
- Environmental Services
- Private Credit
- Investment Management
Geography
- Australia – Tellus Holdings is based in Western Australia, and the transaction focuses on supporting its operations locally.
- United States – The Carlyle Group is a U.S.-based global investment firm, highlighting its influence and operational base.
Industry
- Environmental Services – Tellus Holdings operates in the environmental sector, providing solutions for the sustainable disposal of hazardous waste.
- Private Credit – Carlyle and amicaa provide private credit solutions, capturing the essence of the transaction and their financing role.
- Investment Management – The transaction involves the management and deployment of significant investment capital by Carlyle and amicaa.
Financials
- A$240 Million – Total debt financing package provided to Tellus Holdings by Carlyle and amicaa.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Tellus Holdings Limited | Target | Company | An independent environmental services company in Western Australia, focusing on hazardous waste disposal. |
| The Carlyle Group | Financier | Company | A global investment firm providing debt financing in partnership with amicaa. |
| amicaa | Financier | Company | An Australian private credit manager partnering with Carlyle for the debt financing transaction. |
| Taj Sidhu | Commentator | Person | Head of European and Asian Private Credit at Carlyle. |
| David Wood | Commentator | Person | Founder and CEO of amicaa. |
| Nate Smith | Commentator | Person | Managing Director and CEO of Tellus. |