# Stonepeak and Triton Fund V seek joint control of IFCO parent Irel HoldCo

Morocco's Competition Council received notification of an indirect joint-control acquisition of Irel HoldCo GmbH, the holding company of IFCO, by Stonepeak Partners affiliates alongside existing shareholder Triton Fund V. Third parties have until September 15, 2025 to comment.

- Type: Acquisition
- Announced: 2025-09-04
- Status: announced
- Products: reusable plastic containers and pallets
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Stonepeak Partners](https://endata.com/companies/13455.md) (investor)
- [Triton Fund V](https://endata.com/companies/13456.md) (partner)
- [Irel HoldCo](https://endata.com/companies/13457.md) (target)

## Sources

- [conseil-concurrence.ma](https://conseil-concurrence.ma/en/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-indirect-joint-control-acquisition-of-the-company-irel-holdco-gmbh-by-affiliated-companies-of-t/), 2025-09-04: "The Competition Council received notification of an economic concentration operation concerning the indirect joint control acquisition of the company 'Irel HoldCo GmbH'"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.