July 9, 2025

US-based investor Stonepeak acquires 50% co-controlling stake in IFCO, a maker of reusable fresh food packaging solutions, from ADIA which jointly controlled the asset with Triton - at an implied EV/EBITDA of 14.9x

Press Release
Stonepeak, a global infrastructure investor, has entered into a definitive agreement to acquire a 50% co-controlling stake in IFCO Group, a global leader in reusable packaging solutions for fresh food, from the Abu Dhabi Investment Authority (ADIA) for around EUR 2 billion. This would value IFCO, including debt, at EUR 5.5. billion. The investment marks a strategic partnership with existing shareholder Triton, who will remain a committed co-owner. Founded in 1992, IFCO operates a circular logistics network comprising over 400 million reusable containers across 50+ countries, supporting more than 2.5 billion annual shipments. Stonepeak’s entry reflects strong conviction in IFCO’s critical role in food logistics and sustainability, with the firm citing significant embedded and adjacent growth opportunities, especially in North America. The transaction, subject to regulatory approval, is expected to close in Q4 2025. NKP | M&A Insights has covered the BofA and Morgan Stanley led sales pro
Transaction announcement
Originally surfaced by NKP | M&A Insights as:
What's next in this sector?
NKP | M&A Insights tracks 1,700+ M&A opportunities across Northern Europe — from emerging situations to live and paused processes — the majority of which are non-public and not covered by conventional M&A news channels.
Request Trial Access
May 21, 2025

Update: IMs are in circulation since last week in BofA guided sale of ADIA's 50% stake in IFCO, a maker of reusable fresh food packaging solutions which it jointly controls with Triton - Triton may roll its stake into continuation vehicle, acc. to multiple sources (NKP | M&A Insights Proprietary)

[log in to app.mainsights.io to read the full analysis as it was originally presented]
NKP | M&A Insights Proprietary
Early coverage by NKP | M&A Insights (headline)
February 27, 2025

Update: Morgan Stanley and Bank of America are assisting ADIA, a co-owner with Triton, in preparing for a co-control or minority stake sale in IFCO, a manufacturer of reusable plastic packaging containers ("RPCs"), acc. to sources (NKP | M&A Insights Proprietary)

[log in to app.mainsights.io to read the full analysis as it was originally presented]
NKP | M&A Insights Proprietary
Early coverage by NKP | M&A Insights (headline)

FAQs

Answers to questions you might have about NKP | M&A Insights.

What does M&A Insights do?

Established in 2018 by a former private equity investment professional, NKP | M&A Insights is an independent intelligence provider serving investors and advisory firms active in private M&A markets.

We deliver proprietary, subscriber-only coverage of live and emerging M&A situations, supported by structured data on historical transactions, ownership developments, and valuation benchmarks.

Who is M&A Insights for?

NKP | M&A Insights serves professional participants across the M&A ecosystem who rely on early, accurate market intelligence.

Our subscriber base includes private equity funds, direct lenders, investment banks, corporate finance boutiques, law firms, audit and advisory firms, strategy consultancies, and transaction insurance providers.

How is M&A Insights different from traditional providers?

NKP’s coverage differs from traditional providers along three dimensions: breadth, timing, and analytical approach.

First, we surface materially more relevant live situations by relying primarily on non-public sources and systematic signal monitoring, resulting in several times higher coverage density across sectors and size tiers within the markets we cover.

Second, situations are typically identified and verified at an earlier, pre-process stage, providing subscribers with earlier visibility than public or transaction-driven channels.

Finally, NKP is built by and for investment professionals. Our team’s financial background - and the firm’s origins in private equity - are reflected in an investor-centric, data-driven research model focused on decision-useful insight rather than journalistic reporting.

​Which markets does M&A Insights cover?

NKP focuses on proprietary M&A intelligence across the Nordics, DACH, and UK & Ireland, primarily covering lower mid-market and larger transactions.

On average, we surface 4–6 new actionable opportunities per weekday across these markets, typically several months before they reach public or traditional M&A news channels.

Our coverage spans live, coming, and paused processes, supported by structured historical transaction data and valuation benchmarks to provide context alongside timing signals.

Where does M&A Insights gets its information from?

NKP is a primary intelligence platform focused on non-public M&A processes across Northern Europe.

Our coverage is built through a combination of bilateral primary sources - including company owners, investors, and intermediaries - continuous monitoring of market signals, and internal verification and enrichment prior to publication.

We operate with strict source protection standards and never disclose sources without explicit permission.

What is the business model of M&A Insights?

NKP operates on a pure subscription model. Clients pay a fixed annual fee for access to our intelligence platform and coverage.

We do not charge for editorial coverage, receive referral or success fees, or participate in transactions. This structure ensures our incentives are aligned solely with delivering high-quality, decision-useful intelligence to our subscribers.

​Where is M&A Insights based?

NKP is headquartered in Hellerup, Denmark.

Our team combines native language capabilities with financial and analytical backgrounds, supporting our deep regional focus across Northern Europe.

How do I access the M&A Insights platform?

Access to NKP | M&A Insights is provided through an active subscription. Subscribers receive daily email coverage and have personal login credentials for the platform.

If you already receive our daily emails, you can access the platform at app.mainsights.io. If needed, credentials can be recovered via the “Reset password” function on the login page.

If you are unsure whether your organisation has an active subscription, or require assistance with access, please contact support@mainsights.io

What does the pricing look like?

NKP | M&A Insights is offered on a subscription basis, with pricing determined by team size and footprint.

Subscriptions are tailored to professional users. Trial access may be offered in select cases upon request.

What if I want to share information with NKP about a company or transaction?

We welcome relevant information relating to private M&A activity.

You may contact us via the form on our Contact page or by emailing research@mainsights.io. We treat all communications confidentially and do not disclose sources without explicit permission.

How do advisors submit transactions for league tables?

Advisors may submit completed transactions for league table inclusion by emailing advisors@mainsights.io.

Submissions should include the advisor’s role (e.g. sell-side corporate finance), the target company name and country, and deal value where available. Supporting details can be provided in spreadsheet format.

We typically acknowledge submissions within 24–48 hours.

Explore a subscription

For private equity funds, M&A advisors and lenders seeking early, validated and signal-driven M&A intelligence across Northern Europe.
Explore a subscription