I Squared Capital’s third global infrastructure fund is buying a majority state in an Australian organics recycling company.
The ISQ Global Infrastructure Fund III fund has agreed to acquire a majority interest in Soilco from its shareholders and has committed a further A$300m (€187m) to support the platform’s growth across Australia.
Soilco has over 30 years of operational experience in waste processing from designing, building and operating facilities that help households and businesses reduce landfill use by transforming organic waste into soil health products for agriculture and urban market applications such as turf, landscaping and gardening.
Gautam Bhandari, managing partner at I Squared Capital, said the investment in Soilco complements I Squared Capital’s existing portfolio of waste management infrastructure, which includes an anaerobic digestion plant in Ireland, an industrial-waste-to-energy plant in Taiwan and multiple wastewater treatment plants and landfill-gas-to-energy assets across China and North America, respectively.
“This is our second transaction in Australia following our investment in Clean Energy Fuels Australia, a platform of integrated energy solutions for remote mining customers.”
Charlie Emery, managing director of Soilco, said, with the backing of I Squared Capital, Soilco intends to grow its organics recycling business nationally.
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