Keppel to acquire majority stake in Singapore waste business

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Keppel Asia Infrastructure Fund LP (KAIF) and Keppel Infrastructure Holdings Pte Ltd (Keppel Infrastructure) have announced their joint acquisition of an 80% interest in a Singaporean environmental services company, 800 Super Holdings Limited.

KAIF and Keppel Infrastructure will hold 48% and 32% interest, respectively. Mr William Lee, 800 Super’s co-founder and CEO, will hold the remaining 20% interest in 800 Super and continue to be 800 Super’s CEO post investment by the Keppel consortium. The transaction value is SGD304 million (US$217.9 million).

800 Super is an integrated environmental solutions provider in Singapore that focuses on 4 main operating segments, including waste management, waste treatment, integrated public cleaning and other environmental services. Additionally, the company provides waste removal and recycling services for commercial and industrial (C&I) customers. 800 Super owns and operates an integrated waste treatment plant in Tuas, which is able to treat 568 tonnes of controlled waste per day, and a 2.88 MW biomass co-generation plant. Furthermore, the company owns and operates Singapore’s largest biomass fuel preparation facility, capable of processing 400 tonnes per day of processed horticulture and wood waste into compost and biomass feedstock. 

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