European modular space rental solutions provider Adapteo has raised over €2bn in green financing from infrastructure banks and institutions to expand its fleet and scale its operations.
Adapteo, majority owned by the infrastructure business of Goldman Sachs Alternatives, said the financing was nearly three times oversubscribed by investors, combines green private placement notes, bank loans and revolving credit.
The financing represents the first time a company in the European modular building sector has been given an investment-grade rating, the company added.
Adapteo said the capital raised will help the firm expand its modular fleet and scale its operations in high-demand areas such as education, healthcare, worker accommodation and other essential infrastructure.
Johanna Persson, president and CEO of Adapteo, said: “This successful refinancing marks a pivotal moment in our growth journey and is a clear vote of confidence in both our sustainable strategy and long-term vision.
“We see a strong and growing demand for premium modular solutions across Europe, and this positions us to accelerate our expansion while staying true to our purpose: delivering strong performance with positive impact.”
Dan Levine, CFO of Adapteo, said: “We are excited to see this level of interest from top infrastructure banks and both European and US institutional investors. The overwhelming response—alongside our industry-first investment grade rating—highlights the strength of our platform and financial foundation.
“This financing provides the funding to secure our future growth plans and to build on our market-leading position.”
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