Daiwa-ICP welcomes Partners Group

November 11, 2022, London. Partners Group, acting on behalf of its clients, has signed a definitive agreement with Daiwa International Capital Partners (“Daiwa-ICP”) to become a strategic investor in Blue Phoenix Group (“BPG”) via an investment in Daiwa ICP European Infrastructure 1, L.P. (“Daiwa ICP European Infrastructure 1”). The transaction signed on 10 November 2022 and is expected to complete in due course subject to obtaining applicable merger control approvals.

Blue Phoenix Group operates incinerator bottom ash (“IBA”) processing installations globally and helps the Energy-from-Waste sector with alternative sustainable solutions for ash residues. The company's principal activity is to treat IBA and recycle it into marketable mineral aggregates, ferrous and non-ferrous metals, preventing landfill disposal. IBA processing represents a critical element of the energy from waste value chain, completing the circular economy.

An innovative extension secondary structure allows Daiwa-ICP to continue supporting BPG in its next phase of growth, while providing it with additional firepower to continue its strategy of sourcing off-market infrastructure opportunities that offer strong potential for growth and value accretion.

Dr. Dmitriy Antropov, Managing Director, Co-Head Private Infrastructure Integrated Investments at Partners Group, said: “Extension secondaries represent an important pillar of our differentiated approach of making strategic investments in next generation infrastructure, while applying an owner's mindset to our integrated portfolio. We are pleased to establish a partnership with Daiwa-ICP to provide our clients with an attractive exposure to a leading circular economy asset and cementing our position as a flexible infrastructure capital provider.”

Gregor Jackson, CEO of Daiwa-ICP, stated: "We are excited to be entering into a partnership with Partners Group to continue the successful expansion of our platform. This is a significant achievement reflecting the calibre, experience and industry knowledge of the team.”

Sergio Ronga, CIO of Daiwa-ICP, added: “This investment by Partners Group underlines our philosophy of dedication to excellence and long-term partnerships with investors and stakeholders. We continue to see significant opportunity to invest and remain focused on identifying proprietary investment opportunities through our own network to deliver long-term value for our investors.”

Daiwa-ICP was advised by Shearman & Sterling (Legal adviser) and Astrid Advisors (Placement agent).

Partners Group was advised by Ropes & Gray (Legal adviser).

About Partners Group

Partners Group is a leading global private markets firm. Since 1996, the firm has invested USD 185 billion in private equity, private real estate, private debt, and private infrastructure on behalf of its clients globally. Partners Group seeks to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses and assets into market leaders. The firm is a committed, responsible investor and aims to create sustainable returns with lasting, positive impact for all its stakeholders. With USD 131 billion in assets under management as of 30 June 2022, Partners Group provides an innovative range of bespoke client solutions to institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,600 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please visit www.partnersgroup.com or follow us on LinkedIn or Twitter.

About Daiwa ICP European Infrastructure 1

Daiwa ICP European Infrastructure 1 is a platform established by Daiwa International Capital Partners Limited in May 2021 to invest in strategic European infrastructure assets.

About Daiwa International Capital Partners Limited

Daiwa International Capital Partners was established in 2020 by Gregor Jackson, Sergio Ronga and Daiwa International Investments GK (a part of the Daiwa Securities Group in Japan) as an independent manager of high-quality infrastructure assets, and is authorised and regulated by the Financial Conduct Authority. Find out more here >

About Astrid Advisors Ltd 

Astrid Advisors, established in 2019, is an independent specialist in fundraising and advisory services for private market strategies, focusing on infrastructure, real assets and private credit with managers who have sustainability at the core of what they do.