Ratos AB: HENT signs contract worth approximately NOK 1bn

Ratos

HENT, a leading Norwegian construction company focused on the construction of public and commercial real estate, has signed a contract for a large project in Oslo. HENT will build parts of new Livsvitenskapsbygget at Oslo University on commission for Statsbygg. The order value amounts to approximately NOK 1bn.

Statsbygg has commissioned HENT to build parts of future Livsvitenskapsbygget at Oslo University. The new faculty is a partnership project that covers about 66,700 square meters. The contract relates to the so-called partnership agreement and means that HENT, Statsbygg and other stakeholders will be included in the planning of the construction project.

“This is an important and demanding project that fits well based on our skills and capabilities. We are very proud and pleased that Statsbygg has chosen us as entrepreneurs for this particular project,” says Jan Jahren, CEO of HENT.

Ratos invested in HENT in 2013 with an ownership of 73%. HENT has approximately 870 employees and reported sales of NOK 7,034m and EBITA of NOK 253m in 2017.

For further information, please contact:

Mårten Bernow, Director Ratos, +46 72 241 97 42

Helene Gustafsson, Head of IR and Press Ratos, +46 70 868 40 50

Financial calendar from Ratos:
Interim report January-September 2018        25 October 2018
Year-end report 2018                                     15 February 2019

Ratos is an investment company that owns and develops unlisted medium-sized Nordic companies. Our goal as an active owner is to contribute to the long-term and sustainable business development in the companies we invest in and to make value-generating transactions. Ratos’s portfolio consists of 12 medium-sized Nordic companies and the largest segments in terms of sales are Construction, Industrials and Consumer goods/retail. Ratos is listed on Nasdaq Stockholm and has a total of approximately 12,300 employees.

Categories: News

Tags:

Divido, the consumer finance platform, scores $15 M Series A.

DN Capital

Leading the round is Dawn Capital, and DN Capital, with participation from Mastercard, American Express Ventures and a number of previous investors. Renier Lemmens, who previously served as CEO of PayPal EMEA and was an executive at Barclays, has also been appointed as chairman.

Covered by TechCrunch, you can view the full article here, with an excerpt below.

Christer Holloman, CEO of Divido, in a statement: “Proactive retailers know they have to try new initiatives to grow sales. Offering customers the option to pay later doesn’t just increase footfall and eyeballs, but it also raises average order values and conversion rates. And what’s good for the retailers is also good for the lenders who are providing this credit, and the intermediaries that facilitate the transactions”.

Divido says the injection of capital will be used for global expansion. The platform is currently available in the U.K., Germany, France, Spain, Italy, the Nordics, and the U.S., and the company wants to be in 10 more countries by the end of 2019. Divido is also pivoting to licence its platform to banks and lenders via a service called “Powered by Divido”. This will let partners white label its technology to provide finance services to their customers.

Categories: News

Tags:

GP Bullhound advises on the sale of IT SONIX and XPURE to listed Data Respons

Gp Bullhound

GP Bullhound acted as exclusive financial advisor to R&D and Software Development service providers IT SONIX and XPURE and their shareholders on their sale to Data Respons ASA, a leading player in IoT and Industrial digitalisation
Leipzig-based IT SONIX GmbH and XPURE GmbH are leading specialized R&D and Software Development service providers, active primarily in the telematics and logistics sector serving major automotive OEMs. The companies, with their 125 employees, offer a wide range of custom software from IoT and “connected car” solutions to mobile and embedded applications.

Dr. Andreas Lassmann, CEO of IT SONIX and XPURE, commented: “We are looking forward to becoming a part of Data Respons as both companies share the same technology profile, corporate culture and have a proven track record in delivering highly innovative solutions to their clients. Having successfully advised us before in 2014, GP Bullhound has again proven to be an invaluable advisory partner, leveraging its expertise and execution capabilities in delivering this transaction for us.”

Julian Riedlbauer, Partner at GP Bullhound, commented: “It has been a pleasure to advise IT SONIX and XPURE on this transaction. We are confident that both companies have a lot of synergies and that by joining forces with Data Respons our client will be in an even better position to work on more complex and exciting projects”.

This is GP Bullhound’s 20th transaction in 2018, and further highlights the firm’s expertise in advising leading transport technology companies, and its strong presence in Germany, following recent transactions completed for clients including Magix, Uberall and Infinigate, among others.

Enquiries
For enquiries please contact: Julian Riedlbauer, Partner, at Julian.riedlbauer@gpbullhound.com, or Sebastian Markowsky, Director, at sebastian.markowsky@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound.

Dealmakers in Technology

Categories: News

Tags:

Bridgepoint acquires HTL from Naxicap

Naxicap

International private equity group Bridgepoint has acquired a majority stake in HTL, a specialist in the manufacture, marketing and innovation of hyaluronic acid (HA) and its by-products, from Naxicap. Naxicap will reinvest via a significant minority interest. Terms of the transaction have not been released.
Working with the management team and Naxicap, Bridgepoint intends to support HTL’s international expansion and external growth strategy.

Created in 1992, HTL is based in Fougères (Ille-et-Vilaine, Brittany) and specializes in the manufacture and purification of hyaluronic acid. It has since diversified into research and development covering other biological polymers for the pharmaceutical and medical fields. HTL stands out from the competition because of its ability to obtain HA with an ultra-high molecular weight, which adds stability and effectiveness for injectable products prepared in the fields of ophthalmology, rheumatology or dermatology. It is also one of the few global manufacturers that can produce a significant volume of pharmaceutical quality HA. Many of the company’s clients believe that HTL products offer the best quality on the market.

Managed by CEO Yvon Bastard and his team, the company now has over 110 employees and hopes to boost hiring. To further its expertise, HTL relies on its R&D department, which is dedicated to the production of new HA bi-products in four specialized laboratories.
HTL also wishes to accelerate its international development. To date, about 90% of the production is sold in Europe, of which approximately 25% in France. With its market leadership and loyal client base, HTL is perfectly positioned to pursue its robust growth.
Vincent-Gael Baudet, a Bridgepoint partner in Paris, commented: “We are pleased to partner with HTL, a company whose profile is very much in line with the investments we support. In the healthcare field, a sector where Bridgepoint’s expertise is recognised, HTL enjoys a leading position in a high-growth market, with positive momentum in terms of supply and demand and unparalleled product quality. This is thanks to the remarkable drive of the management team and Naxicap. Our international network will be able to assist HTL with its global development, particularly in Asia and in North America, where we are already present.”
HTL CEO Yvon Bastard added: “HTL is a world leader in the HA and by-products markets. Since 2017,
Naxicap has provided outstanding support in the development, structuring and investments necessary
to back our organic growth ambitions. The HTL management team will be supported by Bridgepoint’s
experience and global network to accelerate its international development strategy and its positioning
in terms of new therapies, while reinforcing its base with historical partners. The HTL employees are
all proud of the work accomplished over the last 18 months and are eagerly looking forward to this
new phase of development.”

Eric Aveillan, Naxicap Partners Managing Partner, continued: “We acquired HTL in February 2017
from the founding family as part of a Management Buy-In. During these first 18 months, the HTL teams
have been able to unleash their potential and leverage their remarkable expertise thanks to the
appointment of a new CEO (Mr. Yvon Bastard), the company’s professionalization and an ambitious
investment and recruitment policy. The company has resumed growth, reporting a substantial revenue
increase in the last fiscal year, thereby consolidating its position as sector leader. The arrival of a
recognized shareholder such as Bridgepoint demonstrates the quality of the project and follows the
long-term industrial interest of the company whose future growth is now primarily international.”
Current and past healthcare companies in Bridgepoint portfolios include Acteon, Care UK, Diaverum,
Médipôle Partenaires, C2S Group and BALT (interventional neuroradiology).

About NAXICAP Partners:
One of France’s leading private equity companies, NAXICAP Partners is an affiliate of Natixis Investment Managers*. The fund manages 3.2 billion euros on behalf of a number of institutional investors.
A committed and responsible investor, NAXICAP Partners builds solid and constructive partnerships with entrepreneurs for the success of their projects. The company has 35 investment professionals and 5 offices in Paris, Lyon, Toulouse, Nantes and Frankfurt.
For more information visit: www.naxicap.fr
About Natixis Investment Managers*:
Natixis Investment Managers serves financial professionals with more insightful ways to construct portfolios. Powered by the expertise of 26 specialized investment managers globally, we apply Active ThinkingSM to deliver proactive solutions that help clients pursue better outcomes in all markets. Natixis ranks among the world’s largest asset management firms1 (€818.1 billion AUM2). Headquartered in Paris and Boston, Natixis Investment Managers is a subsidiary of Natixis. Listed on the Paris Stock Exchange, Natixis is a subsidiary of BPCE, the second-largest banking group in France.
1 Cerulli Quantitative Update: Global Markets 2017 ranked Natixis Investment Managers (formerly Natixis Global Asset Management) as the 15th largest asset manager
in the world based on assets under management as of December 31, 2016.
2 Net asset value as of March 31, 2018 is $1.008 trillion. Assets under management (“AUM”), as reported, may include notional assets, assets serviced, gross assets
and other types of non-regulatory AUM.

About Bridgepoint:
Bridgepoint is an international private equity firm. With €18 billion of assets under management and over €28
billion of capital raised to date, it typically focuses on acquiring well managed companies in attractive sectors
helping companies and management teams by investing in expansion, operational transformation or via
consolidating acquisitions.
The Firm operates four divisions:
1. – Bridgepoint Europe, which concentrates on middle market companies across Europe typically valued
between €200 million and €1 billion. It has offices in Europe, China and the United States in Frankfurt, Istanbul,
London, Luxembourg, Madrid, New York, Paris, Shanghai and Stockholm.
2. Bridgepoint Development Capital, a separate ‘lower mid-cap’ or smaller buyout and growth capital business
which focuses on the acquisition of companies in the UK, France and the Nordic region, typically valued
between €50 million and €150 million. In 2016 it raised a new £600 million fund, BDC III.
3. Bridgepoint Growth makes earlier stage growth capital investments in fast-growth smaller businesses,
typically valued up to £30 million, seeking equity investment between £5 million and £15 million. It has a focus
on the consumer, media, technology and business services sectors and in particular on companies utilising
digital technologies to achieve transformational growth in their end-markets.
4. Bridgepoint Credit, an independent provider of private debt to European middle market businesses with
ambitious organic and acquisitive growth strategies. It offer sponsor-backed and independent companies a
range of financing structures including senior, unitranche and subordinated debt.
For more information visit, www.bridgepoint.eu
Press contacts:
NAXICAP Partners
Valérie SAMMUT – Tél : 04 72 10 87 99
valerie.sammut@naxicap.fr
BRIDGEPOINT
Sibylle Descamps
CTCom
Sibylle.descamps@ct-com.com – Port : 06 82 097 007

Categories: News

Fresks acquires XL-BYGG Mellerud

Litorina

Fresks continues to expand through the acquisition of XL-Bygg Mellerud, a building material store located in Mellerud, Västra Götaland. The previous owner, Benny Mattsson, will reinvest a significant part of the proceeds from the transaction in Fresks Group.

XL-BYGG Mellerud was founded in 2008 and has been run by Benny Mattsson and his son Thomas Mattsson since 2012. The business consists of the building store in Mellerud, which is located in Dalsland county in Västra Götaland. The store is a part of the XL-BYGG chain. Today, the company has 8 employees and a turnover of approximately SEK 30 million.

After the acquisition Fresks Group will have a total of 32 stores with pro forma revenues of approximately SEK 2 billion and more than 500 employees.

For further information, please contact:

Leif Lindholm, +46 70 698 27 00, CEO Fresks Group

Fresks, founded in 1862 is a leading Swedish building material retail chain in Sweden focused on the professional segment. The company has 32 stores under various local brands whereof the majority is branded XL-BYGG. Fresks sells high quality building material with high degree of service primarily to small and mid-sized professional customers. For more information, please visit www.fresks.se

Categories: News

Tags:

Varian Expands cancer care portfolio with Noona Healthcare acquisition

Palo Alto CA, USA: 12 October 2018 – Varian (NYSE: VAR) today announced the acquisition of privately-held software company Noona Healthcare, developer of a cloud-based, mobile service designed to capture cancer patient-reported outcomes (PROs). The Noona patient software app lets clinics capture PROs and communicate directly with patients. This acquisition expands Varian’s portfolio of cancer care solutions and fits the company’s long-term growth and value creation strategy.

Noona’s intuitive user interface creates an engaging experience for patients that encourages a high rate of adoption and adherence over long periods. Noona helps patients and care teams to proactively manage patient symptoms, which could lead to improved clinical outcomes and reduced hospitalization and emergency room visits.

Categories: News

Tags:

ARDIAN expansion acquires majority stake in OPTEVEN

No Comments

Ardian

Paris, October 17, 2018 – Ardian, a world-leading private investment house, today announces its acquisition of a majority stake in Opteven, an insurance company specializing in mechanical breakdown cover, maintenance contracts and assistance, from Aviva, the multinational insurance company, and Capzanine.

Capzanine, a European private investment management fund, is reinvesting in the company alongside management, marking an opportunity for more than 150 employees to either reinvest or start purchasing shares in the company.

The deal will allow the company to continue its organic growth and to reinforce its external growth strategy.

Founded in 1985 and headquartered in Lyon, Opteven is a leader in the automotive service and mobility contract markets in both France and Europe. Opteven is a specialist in mechanical breakdown cover and roadside assistance. It also operates in home assistance, healthcare, and personal services.

The company has experienced strong growth for 10 years. It currently generates nearly €150 million in turnover and has more than 450 employees.

Opteven is recognized for the quality of its service, earning trust from its customers, who include professionals in the automotive industry including builders, distributors, lessors, and fleets, in addition to the insurance and bancassurance industries.

To track and anticipate changes in the market, the company has made a shift to digital. Its own internal Opteven Lab detects and provides information on the development of new trends in areas such as mobility, assistance, the environment, and responsible development and tests and develops innovative solutions integrating new technologies and taking new forms of mobility into account.

Opteven currently operates in seven countries in Europe and has opened subsidiaries in Italy, the United Kingdom, and Spain in order to pursue its growth in major markets.

Jean-Matthieu Biseau, CEO of Opteven, said: “Opteven’s positioning in both the mechanical failure cover and assistance markets makes it a unique player. Opteven is competing in a growing market that is also experiencing consolidation. It was therefore essential for us to find a partner who is able to help us grow in Europe by supporting our ambitious strategy, particularly in terms of acquisitions”.

Marie Arnaud-Battandier, Managing Director at Ardian Expansion, added: “We look forward to working alongside Opteven’s high-quality management team who are backed by an excellent track record. In particular, we will help Opteven gain access to our European network to help it accelerate its international growth by opening subsidiaries and identifying potential targets for its first external growth operation”.

Benoit Choppin, Associate Director at Capzanine, added: “This has been a great journey with the company over the past five years, and we’ve especially appreciated the quality of our relationship with Jean Matthieu and his team. Opteven has all the resources to continue its development, which prompted us to reinvest as a minority shareholder”.

The transaction has been approved by the ACPR, France’s banking and insurance supervisory authority.

ABOUT OPTEVEN

Opteven is one of the leading players in Mechanical Breakdown Cover and Assistance, in France and in Europe, and a leader in service quality.
Opteven is an independent group headquartered in Lyon.
Opteven operates in 7 countries in Europe and has offices in Italy, the United Kingdom and Spain.
Over the past 10 years, the company’s growth has demonstrated that the quality of its services is highly appreciated by all its customers, professionals in the automotive industry (manufacturers, distributors, rental companies), insurance and bank insurance. Opteven will achieve a turnover of 150 million euros this year and manage nearly 500,000 claims.
With a portfolio of more than 1,000,000 automotive service contracts and nearly 3,000,000 breakdown assistance contracts, Opteven has unique expertise in its markets.

ABOUT CAPZANINE

Founded in 2004, Capzanine is a European independent private investment management fund. Capzanine supports businesses in their quest for growth, providing financial and industrial expertise to help them achieve success in their development and transfer phases. Capzanine delivers flexible longterm financing solutions to SMEs and mid-cap companies. Depending on the circumstances, Capzanine invests as a majority or minority shareholder and/or as a private debt provider (mezzanine, unitranche, senior debt), in unlisted small and mid-cap companies with an enterprise value of 30 million to 400 million euros. Although broad-based, Capzanine more particularly supports strong value-creating companies in the healthcare, technology, food and services sectors. Based in Paris and run by its partners, Capzanine currently has €2.5 billion in assets under management. Its most recent investments include: Horizon Software, Goiko Grill, Recommerce, MBA, Monviso…

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$72bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.
Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.
Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 530 employees working from fourteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo). It manages funds on behalf of around 750 clients through five pillars of investment expertise: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
Follow us on Twitter @Ardian

LIST OF PARTICIPANTS

Buyers:
Ardian Expansion: Marie Arnaud-Battandier, Maxime Séquier, Claire d’Esquerre
Buyers’ Advisor: Natixis Partners (Valérie Pellereau, Patrice Raulin), Goetzpartners CF (Guillaume Piette)
Legal, Fiscal and Social Advisor: Weil, Gotshal & Manges (Frédéric Cazals, Alexandra Stoicescu, Lise Laplaud, Cassandre Porges, Kalish Mullen)
Strategic Advisor: Oliver Wyman (Olivier De Demandolx, Tarik Ouahmed)
Financial, Actuarial, Fiscal, Social and Legal Advisor: Ernst & Young (Cyril de Beco, Pauline Fabre)
Financing: BNP (Guillaume Redaud), LCL (Emilie Bosselut)

Sellers:
Groupe Opteven
Capzanine: David Hoppenot, Benoit Choppin, Bruno Bonnin
A Plus Finance: Olivier Gillot
Sellers’ Advisor:  Transaction R – Rothschild (Pierre Sader, Raphaël Fassier)
Management Advisor: Scotto (Nicolas Menard-Durand, Camille Perrin)
Legal Advisor: Goodwin (Jérôme Jouhanneaud, David Diamant)
Strategic VDD: Indefi (Julien Berger)
Financial VDD: Deloitte (Vincent Rapiau, Cyril Chalin, Davide Artigiani)
Financial, Actuarial, Fiscal and Legal Advisor: Deloitte
Social Advisor: Aguerra et Associés

   PRESS CONTACTS

ARDIAN
Headland
TOM JAMES
Tel: +44 207 3675 240
tjames@headlandconsultancy.co.uk
OPTEVEN
Ainsi’Com
ISABELLE BRIGLIA
Tel : +33 6 07 81 74 03

Categories: News

Tags:

Electra confirms completion of the sale of its interest in Photobox

Further to the announcement of 4 October 2018, Electra is pleased to announce that it has completed the sale of its interest in Photobox to funds advised by Lexington Partners L.P.

Electra has received proceeds from the sale of £98m.

As announced on 4 October 2018, the Board has convened a general meeting of the Company to be held at the offices of Allen & Overy LLP, One Bishops Square, London E1 6AD at 10.00 a.m. on 30 October 2018 to consider the adoption of a revised investment objective and policy. Further details of the general meeting and revised investment objective and policy are set out in the shareholder circular that was posted to shareholders on 4 October 2018. Subject to shareholder approval, the Board intends to distribute excess cash as an initial special dividend of £140m in December 2018.

The person responsible for arranging for the release of this announcement on behalf of Electra Private Equity PLC is Gavin Manson, Chief Financial Officer.

Categories: News

Tags:

Gimv acquires Medi-Markt Homecare Service and Medi Markt Service Nord Ost: market leadership in medical supplies to be further expanded after the merger

GIMV

As part of a succession plan, Gimv is investing in the two German companies Medi-Markt Homecare-Service GmbH and Medi Markt Service Nord Ost GmbH as well as a number of affiliated companies. These two leading service providers in incontinence care will continue to grow in the coming years as a newly formed group with the support of Gimv.

Antwerp / Munich / Mannheim / Isenbüttel, 18 October 2018, 07:30 am – European investment company Gimv has reached an agreement on the takeover of the majority of both Medi-Markt Homecare-Service GmbH based in Mannheim as well as Isenbüttel-based Medi Markt Service Nord Ost GmbH. These transactions are part of a succession plan for both companies. Gimv is thus expanding its Health & Care portfolio with a leading supplier of medical supplies in Germany, which is expected to continue to grow in the coming years. The remaining shares will be acquired by the newly appointed CEO of the Medi Markt Group,Markus Reichel. The transaction is subject to customary approval requirements and is expected to close within a few weeks.

The two companies and their affiliates, which together employ around 225 people, will form one group as of this transaction and will operate jointly under the Medi-Markt brand, headquartered in Mannheim. Markus Reichel, formerly managing director of Medi-Markt Homecare-Service GmbH, will become managing director of the new group and a co-shareholder. The companies are specialised mail-order providers of homecare supplies with a particular focus on absorbing incontinence. Further product groups include revulsive incontinence, diabetes control, stoma care, enteral nutrition, disinfection and protection as well as personal hygiene, supplying a total of c.12,000 different products. The companies distribute branded and private label products. Medi-Markt is one of the major providers in the country for incontinence aids and stoma care. The group has a combined annual turnover of more than 50 million EUR.

Medi-Markt supplies around 150,000 end-consumers annually. The majority of the products are reimbursed by health insurances, for whom Medi-Markt has been a reliable partner for many years.

“Together with our new growth partner Gimv, we want to further expand our product offering and advance into adjacent segments. We are also considering acquisitions of suitable companies,” explains Markus Reichel, Managing Director of Medi-Markt Homecare-Service GmbH and future CEO of the group. The business benefits from the demographic change since Medi Markt primarily caters an ageing population: today c. 7 million people suffer from incontinence in Germany. This number is expected to further increase to nine million over the next 20 years. “Medi-Markt’s high quality products and the company’s customer-centric approach enable many people to maintain a more independent lifestyle. At the same time, due to lean organizational structures, the company improves efficiency of care,” says Philipp v. Hammerstein, Partner at Gimv in the Health & Care segment in Munich. “We are l ooking forward to continuing the success story of these two leading specialists, while leveraging further potential related to the merger. Together with the experienced management team, we will focus on organic growth as well as on buy-and-build opportunities.”

The new investment marks Gimv’s seventh acquisition in the German-speaking healthcare market. This means that Gimv currently has 20 participations in companies in the healthcare and life sciences sector. This acquisition further underpins Gimv’s position as one of the most active European investors in the healthcare industry. The portfolio also includes several clinic and practice groups, medical technology and biotech companies.

Further details about the transaction will not be published.

 

Categories: News

Tags:

DIF invests in Australian waste-to-energy facility

DIF

Sydney, 17 October 2018 – DIF is pleased to announce that a consortium comprising DIF, Macquarie Capital and Phoenix Energy Australia has achieved financial close on a greenfield waste-to-energy facility in Kwinana, near Perth, Australia. DIF has acquired a 60% shareholding in the project through two of its funds: DIF Infrastructure IV and DIF Infrastructure V.

Once operational the facility will divert up to 400,000 metrics tons of household, commercial, and industrial waste from landfills each year, representing a quarter of Perth’s post-recycling rubbish. The facility will benefit from long term municipal waste supply agreements with Rivers Regional Council and the City of Kwinana, two regional councils located in the Perth region.

At the facility the waste will undergo thermal treatment, whereby the recovered energy is converted into steam to produce electricity. Metallic materials will be recovered and recycled, while other by-products of the process will be reused as construction materials. At full capacity, the facility will reduce carbon dioxide emissions by more than 200,000 metric tons per year, the equivalent of taking 43,000 cars off the road.

Acciona, a global leader in waste-to-energy facilities, will design and construct the facility. The facility will use Keppel-Seghers moving grate technology, a proven technology which is used in over 100 waste-to-energy facilities across the globe. During the construction phase, more than 800 jobs will be created including apprenticeships and a range of sub-contracting and supply opportunities for local businesses. Construction will commence this month, while start of operations is planned for the end of 2021.

Once operational Veolia, which operates over 60 waste-to-energy plants across the globe, will operate and maintain the facility under a 25-year agreement. During the operational phase approximately 60 full-time positions will be created.

Managing Director of DIF Australia, Marko Kremer, added: “DIF is excited to invest in this landmark waste-to-energy facility in Australia and looks forward to continuing its contribution to the sector going forward. European countries have long embraced the conversion of waste into energy, which has proven to deliver multiple benefits in terms of managing waste and contributing to a sustainable and secure energy supply.”

About DIF

DIF is an independent infrastructure fund manager, with €5.6 billion of assets under management across seven closed-end infrastructure funds and several co-investment vehicles. DIF invests in greenfield and brownfield infrastructure assets located primarily in Europe, North America and Australasia through two complementary strategies:

  • DIF Infrastructure V targets equity investments in public-private partnerships (PPP/PFI/P3), concessions, regulated assets and renewable energy projects with long-term contracted or regulated income streams that generate stable and predictable cash flows.
  • DIF Core Infrastructure Fund I targets equity investments in small to mid-sized infrastructure assets in the energy, transportation and telecom sectors with mid-term contracted income streams that generate stable and predictable cash flows.

DIF has over 100 professionals in eight offices, located in Amsterdam, Frankfurt, London, Luxembourg, Madrid, Paris, Sydney and Toronto. Please see www.dif.eu or further information on DIF.

For further information on the project, please contact:

Allard Ruijs
Partner
Email: a.ruijs@dif.eu

Categories: News

Tags: