Brussels, 2 September 2025
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Irel HoldCo GmbH (‘IFCO’) of Germany by Affiliates of Stonepeak Partners LP (‘Stonepeak’) of the US and Triton Fund V L.P. of the Channel Islands, Triton Fund V SCSp of Luxembourg and other limited partnerships (‘Triton Fund V’).
The transaction relates primarily to the provision of reusable packaging solutions for fresh foods.
The Commission concluded that the notified transaction would not raise competition concerns, given that the companies are not active in the same or vertically related markets. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.12110.