InfraVia Capital Partners–backed Blue Phoenix Group (BPG), a Netherlands-based waste recycling company providing critical circular economy infrastructure, has completed a landmark €750 million ($855 million) refinancing of its debt facilities.
The refinancing was secured from a consortium of infrastructure banks and institutional investors, including funds managed by Allianz Global Investors, BNP Asset Management and Edmond de Rothschild Asset Management, along with the Barclays, Crédit Agricole CIB, LBBW, MUFG, Natixis, NORD/LB, Rabobank and Société Générale banks.
BPG said the strong demand from high-profile infrastructure lenders underscores the relevance of the circular economy infrastructure thesis.
The oversubscribed financing marks a significant milestone after InfraVia acquired a majority stake in BPG in 2022 and two subsequent strategic buildup acquisitions in 2024. It refinances the company’s previous debt package over the long term and incl