IFCO Secures €2.8 Billion Refinancing Deal Ahead of Stonepeak Acquisition
IFCO, a leading provider of reusable packaging solutions for fresh food, has secured a €2.8 billion refinancing deal. The company also announced that Stonepeak, a private investment firm, will replace Deutsche Beteiligungs AG (DBAG) as a key investor in the fourth quarter of 2025.
The refinancing deal comprises a €2.4 billion Term Loan B and a €400 million revolving credit facility. IFCO's current co-investor alongside Triton will exit the company following the acquisition by Stonepeak. Triton, however, will continue its partnership with IFCO through reinvestment.
Latham & Watkins served as legal advisors for both Triton on the acquisition and IFCO on the refinancing deal. The acquisition of a co-controlling stake in the IFCO Group by Stonepeak is anticipated to close in the fourth quarter of 2025, pending customary regulatory approvals.
IFCO's refinancing deal and the planned acquisition by Stonepeak signal a significant shift in the company's investment structure. The deal is expected to close later this year, subject to regulatory approvals, and will see Triton maintain its commitment to IFCO.
