Kirkland Advises Stonepeak on Acquisition of Co-Control Stake in IFCO

Kirkland & Ellis has advised Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, on the acquisition of a co-controlling stake in IFCO Group (“IFCO”) from a wholly-owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”).

The transaction is subject to customary regulatory approvals. Triton, a leading European mid-market sector-specialist investor and existing investor in IFCO, will remain a committed partner to the company. Together, Stonepeak and Triton will have joint and equal ownership and governance of IFCO.

Founded in 1992, IFCO is a leading global supplier of reusable packaging containers (“RPCs”). The company manages a global logistics system that utilizes over 400 million RPCs to enable more than 2.5 billion annual shipments of fresh fruits, vegetables and other perishables from producers to retailers through a closed-loop, circular supply chain. IFCO has a network of local offices and over 1,900 employees worldwide.

Read the transaction press release

The Kirkland team included transactional lawyers Tobias Larisch, Toby Parkinson, Florian Sippel, Monica Gemes, Claire Campbell, Henrik Kilian, Markus Henrich, Mirjam Meyer, Yu Qian Lee and Stefano Castoldi; antitrust & competition lawyer Maximilian Greib; environmental transactions lawyer Julia Kiley; litigation lawyer Edward Malcolm; sustainability lawyer Daniel D’Ambrosio; tax lawyer Tim Nobereit; as well as technology & IP transactions lawyers Max Harris and Shareen Dhillon.