TowerBrook Delta (“Delta” or “the fund”), the SFDR Article 9 Impact Fund of transatlantic investment firm TowerBrook Capital Partners (“TowerBrook”), based in London and New York, is pleased to announce the fund’s fifth platform investment – Axil, a resource management firm specialising in innovative waste reduction, recycling, and resource recovery solutions across Europe.
Delta’s investment in Axil comes amid positive momentum for the fund, which closed in 2024 and today has AUM across all managed vehicles of $525m. The fund has made four previous investments which are all performing strongly:
- Envevo, a UK-based electric vehicle infrastructure services provider has secured two acquisitions since partnering with TowerBrook in 2023, helping the business to expand internationally and diversify across the value chain, delivering substantial organic growth
- TXO, a UK-headquartered, international telecom infrastructure company has almost tripled in size in terms of revenue since TowerBrook invested in 2023, pursuing a global consolidation strategy supported by acquisitions in the UK, Germany and the US
- AQUAchiara, a French filtered water solutions provider for the HoReCa (Hotel, Retail and Catering) and corporate sectors, achieved over 30% revenue CAGR growth for the last 3 years and will pursue acquisitive and international expansion with TowerBrook’s support following investment in H2 2024
- LiftWerx, a Canadian wind turbine repair & maintenance provider, is experiencing over 40% YoY growth by utilising its innovative up-tower crane technology to service clients across North America. TowerBrook is providing investment capital and expertise to help LiftWerx meet the growing demand for maintaining an aging onshore wind fleet
Axil, the latest UK-headquartered investment by Delta, is a resource management firm specialising in innovative waste reduction, recycling, and resource recovery solutions. Its business model maximises the recycling and reuse of manufacturing and industrial waste, conserving natural resources and reducing emissions, pollution and ecosystem damage from waste disposal. By supporting the transition to a circular economy, Axil aims to reduce carbon emissions and generate positive natural environment outcomes, aligned with Delta’s Resource Sustainability pillar and UNSDGs 9, 11 & 12.
As global resource scarcity rises, raw material costs increase, and supply chains grow more complex, Resource Sustainability is more critical than ever. In Europe, stricter regulations, higher disposal costs, and limited access to raw materials are driving a stronger push for resource sovereignty. Axil’s innovative resource management solutions help businesses reduce waste at the source, improve recycling rates, and lower operational costs.
With a 43% 4-year revenue CAGR and approximately 70% YoY EBITDA growth, Axil reflects the high-growth profile seen across the rest of the Delta portfolio.
Tom Redpath, European lead for TowerBrook Delta, commented:
“We are delighted to be making our fifth Delta investment into Axil, an innovator in waste management that has an exciting growth profile. Axil is a great example of the deep thematic work we do to identify high growth, high potential, high impact opportunities with enduring economic and behavioural tailwinds. Axil is closely aligned with one of Delta’s six key investment themes: resource sustainability.
Our investment in Axil comes at the perfect time, with our four existing investments performing well and benefiting significantly from TowerBrook’s investment and partnership on both organic and inorganic growth initiatives.
We believe this strong momentum reflects the continued demand for innovative services and technologies that underpin more sustainable supply chains while also enhancing business resilience and profitability.
We are excited to partner with the Axil team to support their organic and inorganic growth aspirations, while maintaining their award-winning culture.”