Tellus Secures A$240 Million in Debt Financing from Carlyle and amicaa
Deal News | Aug 22, 2025 | The Carlyle Group
Global investment firm Carlyle, alongside Australian private credit manager amicaa, has announced a substantial A$240 million debt financing package directed at Tellus Holdings Limited. Tellus, a prominent environmental services company in Western Australia, operates the nation’s sole geological repository for hazardous waste at its Sandy Ridge facility. This financial backing will help refinance Tellus's existing debts and support its expansion as it seeks to enhance its environmental service offerings across Australia. The collaboration, arranged by Carlyle's Global Credit platform and its Australia and New Zealand joint venture partner, represents a strategic move to invest in sectors that are heavily regulated and complex, such as environmental services. Carlyle’s extensive management of US$203 billion in assets, alongside amicaa's regional expertise, underscores their commitment to supporting sustainable waste disposal solutions as aligned with the rising trend towards economic sustainability. Both Taj Sidhu of Carlyle and David Wood of amicaa expressed confidence in leveraging this financing to further Tellus’s growth trajectory, asserting the importance of such partnerships in navigating specialized sectors.
Sectors
- Environmental Services
- Private Credit
- Investment Management
Geography
- Australia – The location of Tellus's operations and the focus area for the financing provided by Carlyle and amicaa.
- United States – Home to Carlyle Group, a global investment firm engaged in providing the debt financing.
Industry
- Environmental Services – The industry involves the management and disposal of waste products including hazardous waste, as demonstrated by Tellus Holdings' business model.
- Private Credit – Involves providing debt financing and investment to companies, exemplified by Carlyle’s and amicaa’s financial support to Tellus.
- Investment Management – Carlyle’s role as an investment firm managing and allocating assets across various sectors, highlighted by their partnership with amicaa for funding Tellus.
Financials
- A$240 million – The debt financing package provided to Tellus Holdings by Carlyle and amicaa.
- US$203 billion – The assets managed by Carlyle’s Global Credit platform as of June 30, 2025.
- US$465 billion – The total assets under management by Carlyle as of June 30, 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| The Carlyle Group | Debt Provider | Company | A global investment firm providing part of the A$240 million debt financing package to Tellus Holdings. |
| amicaa | Debt Provider | Company | An Australian private credit manager and joint venture partner with Carlyle in providing financing to Tellus Holdings. |
| Tellus Holdings Limited | Target Company | Company | An independent environmental services company based in Western Australia, receiving A$240 million in debt financing. |
| Taj Sidhu | Head of European and Asian Private Credit at Carlyle | Person | Provided comments on behalf of Carlyle regarding the debt financing deal. |
| David Wood | Founder and CEO of amicaa | Person | Commented on behalf of amicaa about the debt financing agreement with Tellus. |
| Nate Smith | Managing Director and CEO of Tellus Holdings | Person | Expressed gratitude for the financing and emphasized the commitment to safe disposal of hazardous waste. |