Astatine Investment Partners Acquires NRG Riverside

Astatine Investment Partners (“AIP” or “Astatine”, formerly Alinda Capital Partners), a leading private equity firm focused on infrastructure investments, today announced that with funds it manages it has acquired NRG Riverside the UK’s leading rental provider of specialist waste collection vehicles, from Palatine and other shareholders.

“We are delighted to acquire NRG Riverside and look forward to working alongside the management team in delivering the next phase of growth, including supporting customers in their transition to zero emission vehicles,” said Jim Metcalfe, CEO and Co-Managing Partner of Astatine.

Ben Catt, Partner of Astatine and Head of European Investments, added: “The Company is the clear market leader in this space, servicing customers in the provision of an essential service. We are attracted by the high levels of contracted and recurring revenues, growth prospects in waste and adjacent sectors, and the strong reputation of the business”.

“We are excited to be partnering with Astatine on the next chapter of NRG Riverside’s growth journey,” said Darren Powell, CEO of NRG Riverside. “We look to the future with confidence and with a clear plan for future growth. With recent internal promotions to further strengthen our experienced leadership team, we continue to offer the best customer-led experience from initial enquiry to vehicle delivery and future renewal.

The growing relationships with our customers and their operations mean we are also well placed to support the important transition to net zero emissions.”

Astatine worked with Hogan Lovells as legal counsel, Alvarez & Marsal for financial and tax diligence, and Roland Berger for commercial due diligence.

Please see official press release: