EQT Infrastructure V sells 25% minority interest in Reworld to GIC

GIC has acquired a 25% minority interest in Reworld, valuing the US waste-to-energy platform at over $5 billion. This strategic investment provides GIC with exposure to essential infrastructure assets across North America, the UK, and Ireland. EQT Infrastructure V, the seller, is realizing value from a portion of its investment in Reworld, a company operating approximately 25 waste-to-energy facilities. The deal structure, a minority stake, suggests GIC's long-term capital deployment into a critical asset that processes ~20 million tons of waste annually. For EQT Infrastructure V, this partial sale allows the global investment fund, which closed at EUR 15.7 billion, to demonstrate returns while retaining a substantial interest in Reworld's future growth. GIC, a global long-term investor established in 1981, manages Singapore’s foreign reserves and is invested in over 40 countries worldwide. Its acquisition of a 25% interest in Reworld aligns with a mandate to preserve and enhance Singapore's foreign reserves through stable infrastructure assets. EQT Infrastructure V, a global investment fund that closed at EUR 15.7 billion (approx. $17 billion), focuses on control or co-control investments in essential infrastructure. This partial sale allows EQT Infrastructure V to realize value from a company that processes ~20 million tons of waste and generates ~9 million MWh of electricity annually across North America, the UK, and Ireland. Reworld, formerly Covanta, operates approximately 25 waste-to-energy facilities, providing a mature platform for GIC's long-term capital. The transaction demonstrates the ongoing demand for established waste-to-energy platforms from institutional investors seeking utility-like returns.