Equitix has agreed to purchase a 20 percent equity stake in Viridor Energy from KKR Infrastructure.
Viridor has the largest and most diversified energy from waste (EfW) portfolio in the United Kingdom. The company was initially acquired by KKR in July 2020 and, following a reorganization, now contains 11 high-quality operational assets and benefits from its significant scale and long-term customer and supplier contracts.
“Considering the inflation-linked, long-term contractual nature of Viridor’s cash flows, which are majority backed by government counterparties and our deep expertise in the waste-to-energy sector, this investment provides a strong strategic fit and is core to the investment mandate of Equitix managed funds,” said Equitix in a Dec. 2 statement.
Achal Bhuwania, CIO at Equitix, added that Equitix will work with Viridor and KKR to help lead the transition to net-zero through sustainable energy sources, and specifically through carbon capture,