LONDON – AMSTERDAM
LONDON – AMSTERDAM

H2 Equity Partners agrees to sell Ballast Phoenix

H2 Equity Partners agrees to sell Ballast Phoenix and generates a strong return on its investment within 12 months (15 June, 2015)

H2 Equity Partners (“H2”) is pleased to announce that it has agreed to sell its shareholding in Ballast Phoenix Limited (“Ballast Phoenix”), the UK’s market leading Incinerator Bottom Ash recycling group, to Waterland Private Equity.

Ballast Phoenix, based in Bourne – Lincolnshire, employs ca. 90 FTE and has seen significant growth during the last 12 months. The company processes and recycles the ashes produced by Energy from Waste (“EfW”) plants and creates sustainable IBA aggregates, thus avoiding any requirement for the use of landfill.

During H2 Equity Partners’ period of ownership, Ballast Phoenix secured a significant number of new long-term contracts and is expanding the number of recycling and IBA processing plants from 7 to 12. The company has embarked on the largest capital expenditure program in its history and secured its position as the market- and sustainable technology leader in the UK market. The cooperation of the management team and H2 has delivered this growth well ahead of schedule and established Ballast Phoenix as a truly stand-alone company with a clear visibility on the future growth prospects and the cash flows of the business. These actions combined with the strong underlying market growth and positive outlook for the sector have allowed H2 Equity Partners to realise its envisaged return within a 12 month period.

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Henry Stevens

Senior Associate

 

Henry joined H2 in 2024 and is involved in both evaluating new investment opportunities and supporting existing portfolio companies.

 

Prior to joining H2, Henry spent nearly six years at the strategy consultancy firm, Roland Berger, where he was a core member of the Transaction & Investor Services platform supporting private equity and strategic investors across the Industrial and Regulated & Infrastructure sectors predominantly within the mid-market.

 

Henry graduated from the University of Cambridge with a Bachelor (Hons) in Economics. His interests outside of work are road cycling where he competes in time trials, running and skiing.

Terry Musson

The Amberon Group is a market leading traffic management provider to the utilities and Local Authority markets. Amberon was established in May 2002 with our first depot in Paignton, South West England. Our founding core principles remain at the heart of everything that we do and our continued desire to achieve our purpose; to provide the best service in the Traffic Management sector. This has been the foundation for our success and has cemented our position as the market leader in TM.

During the initial transaction we never felt under any pressure & instantly recognised we would become part of the family. H2 took the time to listen to our views & business strategy, it was obvious from the very beginning that they would be the perfect partner for us.

The guys at H2 have enabled us to continue the momentum & have provided the expertise & knowledge to help us continue on the journey to constantly improve our service offering.

Working with H2 during the last 2 years has given us additional support not just financially but the advice & expertise has helped analytically & strategically.

The ambition and the drive H2 have is extremely infectious & continues to assist the group to overachieve.

It’s enormously reassuring to know H2 will always be at the end of the phone to offer advice but heartening to know they have the trust in us to deliver.