Actis, a London-based investment firm focused on sustainable infrastructure, has completed the acquisition of a 90% stake in 800 Super, an integrated environmental management company in Singapore.

The transaction marks a further investment from  Actis’ Long Life Infrastructure Fund 2 ( ALLIF2 ) and brings the fund's total deployment to 70%. The acquisition aligns with ALLIF2’s mandate to invest in high-quality, critical and defensive infrastructure assets backed by long-term contracted revenues.

800 Super is a key provider of waste management, waste treatment, public cleaning, and recycling / resource recovery services to both the public and private sectors, and derives the majority of its revenue from multi-year contracts with the Singaporean government, a stable jurisdiction, Actis notes, with top-tier “AAA” sovereign credit ratings.

With more than two decades of operational experience, 800 Super is the sector’s only major player in Singapore that is embedded across the circular economy value chain and remains one of three licensed municipal solid waste and integrated public cleaning service providers nationally. As such, Actis says, the company is well-placed to deliver the circular economy in line with Singapore’s 2030 Zero Waste Masterplan.

“We view the acquisition of 800 Super as an exciting contribution to our portfolio of leading sustainable infrastructure companies and assets,” says Adrian Mucalov, head of Long Life Infrastructure at Actis. "We think the business has a terrific defensive profile,with a majority of revenues coming from long-term government contracts, while meaningfully contributing to Singapore’s sustainability ambitions. We look forward to partnering with William Lee and the 800 Super team to drive the next stage of growth and value creation for our investors"

William Lee, chief executive officer of 800 Super, adds: “The acquisition by Actis is an exciting milestone in 800 Super’s journey and is a strategic investment in our future,combining our strengths to accelerate innovation and deliver exceptional value to our clients, partners and employees. With Actis’ solid track record of building and operating critical infrastructure focused on essential services, we can leverage its experience and enhance the competitive advantages of 800 Super. We look forward to working closely with Actis to pursue more opportunities and further optimize the operational performance of the business.”

The completion of the deal brings Actis’ total deployment in Southeast Asia to US$1.7 billion since inception, and follows a series of investments across energy, digital, long life infrastructure and real estate as the firm seeks to tap into the region’s strong infrastructure demand and high-growth trajectories. Recent Actis investments in Southeast Asia include MTerra Solar, Epoch Digital, Barghest Building Performance, and Levanta Renewables, as well as An Phat 1 Industrial Park in Vietnam which it successfully exited in December 2023.

Photo: 800 Super waste treatment plant in Singapore.