Ardian, a world-leading private investment house, announced that it has signed an agreement for the intended acquisition of 100% of Netherlands-based Attero, one of the largest independent European waste management and circular economy platforms, active in the essential waste value chain segments of energy recovery, plastics recycling, and organic waste management.

Headquartered in Wilp, Attero is a leading Dutch operator of energy-from-waste, plastics recycling, biomethane production, and inert mineral depository facilities, processing 3.6mt of waste from municipalities and businesses and generating more than 800 GWh of renewable electricity, equivalent to powering 300,000 homes, as well as 22m m3 of green gas.

Ardian plans to support Attero’s renewable energy expansion via significant capex investments into biomethane from organic waste and solar PV development on closed landfill sites. Furthermore, Attero will accelerate its contribution to the decarbonization of Dutch industry through the development of Carbon Capture and Storage facilities.

“We have been impressed by the operations and exceptional management team of Attero - a company that is a leader in waste management and circular economy solutions. This investment further demonstrates our strategy of supporting leading infrastructure businesses and further expanding our commitments in the Netherlands,” said Daniel von der Schulenburg, Head of Infrastructure Germany, Benelux and Northern Europe, Ardian.

"We are excited to partner with Ardian, a strong and industrially-minded infrastructure investor which has the expertise and capabilities to support us in this important next stage of our development. Together with Ardian's support we will be able to invest significant funds into decarbonization plans and further increase our recycling activities,” said Paul Ganzeboom, CEO, Attero.

Closing of the investment is subject to customary closing conditions, including obtaining required regulatory approvals and work council consultation, and is expected to take place in Q4 2023.