Infrastructure investor Equitix agreed to acquire a substantial minority stake in UK waste management company Viridor from funds advised by KKR late last year. The transaction strengthens Equitix's holding in the group, building on its 35 per cent shareholding in Viridor’s energy division, and paves the way for further investment. Under the terms of the deal, Equitix has a route to increase its stake in Viridor Group to up to 50 per cent over time. The parties did not divulge the size of the interest Equitix is to initially take or the value of the transaction.
"Viridor has transformed into a high-performing, standalone British leader in waste treatment since its carve-out [from utility Pennon] in 2020, delivering essential services to communities across the UK. The business is now delivering consistently strong operational and financial performance, alongside significantly improved health and safety outcomes," said Tara Davies, co-head of KKR EMEA.
