Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients, has agreed to acquire a significant minority stake in Gestcompost, the largest organic waste treatment manager in Spain. Partners Group will invest over EUR 120 million through its infrastructure secondaries business, acting as a cornerstone investor in a continuation fund for Gestcompost that was successfully established and will be managed by current owner Suma Capital. As part of the transaction, Partners Group will take two seats on the Company’s board.

Gestcompost is set to benefit from several thematic tailwinds including higher landfill costs, new regulations around how waste is disposed of in Spain, and broad energy transition targets that emphasise the use of biomethane as an alternative fuel. Leveraging its entrepreneurial governance approach to asset transformation, Partners Group will support management and Suma Capital on implementing value creation initiatives. These initiatives include increasing waste volumes, acquiring new biomethane plants, and introducing operational efficiencies. Alejandro Lafarga, the current Chief Executive Officer of Madrilena Red de Gas, will join the Company’s board as Vice Chairman on behalf of Partners Group’s clients. The impact investor Blue Earth Capital is also investing in the Gestcompost continuation fund.

Dr. Dmitriy Antropov, Head of Infrastructure Partnership Investments, Partners Group, says: “We have been tracking Gestcompost through our thematic research in the European circular economy space. The Company has a competitive advantage due to its long-standing experience in the waste treatment sector and access to high-quality feedstock.

Marc Meier, Managing Director, Infrastructure Partnership Investments, Partners Group, adds: “Our sourcing for infrastructure secondaries focuses on the mid-market, which is a significantly larger segment than the large-cap space. As a result, there are more GP-led opportunities to choose from, many of which involve highly specialised managers that are extending ownership of top-performing assets.

Antoni Macià, Partner, Suma Capital, states: “We are proud to launch this new investment vehicle to support Gestcompost’s growth while strengthening our commitment to decarbonizing the Spanish economy. Gestcompost is having a meaningful impact in promoting circularity and contributing to European emissions reduction goals.”

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