Actis is acquiring Singaporean environmental management firm 800 Super Holdings from the Keppel Asia Infrastructure Fund and Keppel.
Actis, investing through its second Long Life Infrastructure Fund (ALLIF 2),has acquired a 90% stake in 800 Super alongside the company’s founder, William Lee, for an undisclosed sum.
As one of three licensed municipal solid waste and integrated public cleaning providers in Singapore, 800 Super has been providing services like waste management, waste treatment and resource recovery for over 20 years.
Adrian Mucalov, head of long-life infrastructure at Actis, said: “Our investment in 800 Super demonstrates Actis’ strategic focus in Asia, providing investors with resilience and exposure to the region’s economic growth through investing in defensive infrastructure that is essential to national goals.
“Advancing the circular economy is critical to Singapore’s national sustainability agenda; 800 Super’s integrated model, long-term government-backed contracts, and experienced management team create a strong foundation for further value creation.”
The 800 Super acquisition marks the sixth portfolio investment for ALLIF 2, bringing the fund’s total committed capital to more than two-thirds of its strategy.
The fund invests in brownfield operational infrastructure assets across growth markets in Asia, Latin America, Central & Eastern Europe and the Middle East and Africa.
To read the latest IPE Real Assets magazine click here.
