A subsidiary of the Abu Dhabi Investment Authority (ADIA) has agreed to divest its approximately 50% stake in IFCO Group to Stonepeak, an alternative investment firm focused on infrastructure and real assets. The deal positions Stonepeak as a joint and equal owner alongside Triton, which remains a committed partner in the business.
IFCO is a major player in the packaging sector, managing one of the world’s largest pools of reusable packaging containers (RPCs) for fresh food. Its operations support over 2.5 billion shipments annually through a circular logistics model designed to reduce single-use packaging. IFCO’s closed-loop system uses more than 400 million RPCs to transport fruits, vegetables, and other perishable goods globally, enabling sustainable and efficient supply chain solutions.
Originally carved out from Brambles in 2019, IFCO was jointly acquired by ADIA and Triton. Since then, the company has focused on strengthening its operational base and integrating digital tools to enhance packaging logistics.
Hamad Shahwan Aldhaheri, Executive Director of the Private Equities Department at ADIA, said: “ADIA invested alongside Triton in IFCO’s carve-out from Brambles in 2019. Since then, IFCO has built solid foundations for the future, based on strong operational performance and enhanced digital capabilities, and is well positioned for growth. We wish the Company, Triton, and Stonepeak continued success in the years ahead.”
The transaction, subject to regulatory approval, is expected to close in Q4 2025.
Citi is advising Stonepeak, with Kirkland & Ellis as legal counsel. Bank of America and Morgan Stanley & Co. International PLC are advising ADIA and Triton, alongside legal support from Latham & Watkins and Freshfields.
The new ownership is expected to further strengthen IFCO’s position in the reusable packaging market.