DIF Infrastructure V reaches final close at €1.9 billion

DIF

Schiphol, 15 May 2018 – DIF is pleased to announce the final close of DIF Infrastructure V (DIF V) at the hard-cap of €1.9 billion.

DIF V marks the firm’s sixth successful fund raising for this strategy, following the raising of DIF Infrastructure IV (2015), DIF Infrastructure III (2012), DIF Infrastructure II (2008), DIF Renewable Energy (2007) and DIF PPP (2005). Since 2005, DIF has invested in excess of 165 unique infrastructure projects within this strategy.

Wim Blaasse, Managing Partner of DIF said: “I am extremely proud of this achievement, which is a testament to the strength of the DIF platform. Over the past 13 years the team has been able to generate attractive returns for our investors by consistently investing in high quality projects, enhancing project value during our ownership through active shareholder engagement, as well as by achieving successful realisations. I am confident that we will continue to be successful in our chosen strategy, leveraging our unique global office network and dedicated local teams to complete attractive investment opportunities.”

DIF V targets equity investments in public-private partnerships (PPP/PFI/P3), concessions, regulated assets and renewable energy projects which have long-term contracted or regulated income streams that generate stable and predictable cash flows as well as attractive risk-adjusted returns. The fund targets both greenfield and brownfield projects in primarily Europe, North America and Australasia.

DIF V had an accelerated first close in June 2017, enabling the closing of certain pending investment opportunities, with final close occurring on the 15th of May 2018 at an increased hard-cap of €1.9 billion. DIF V has seen strong backing from both existing and new investors in the DIF platform, receiving commitments from leading institutional investors across the globe.

DIF V has committed to eight investments to date, deploying ca. 30% of the fund. This includes investments in Affinity Water, a UK regulated water asset; Autostrade per l’Italia, a large and diversified portfolio of Italian toll roads; University of Tasmania (UTAS), an Australian student housing concession; Synergy, a portfolio of utility scale wind and solar PV power projects in Australia; and American Roads, a portfolio of five US toll roads. Furthermore, the fund has a strong pipeline of investments across its target sectors and geographies, including both greenfield and brownfield projects.

About DIF
DIF is an independent and specialist infrastructure investor and fund manager, with €5.6 billion assets under management across seven closed-end infrastructure funds and several co-investment vehicles. DIF invests in the global infrastructure market through two differentiated and complementary strategies:

  • DIF Infrastructure V targets equity investments in public-private partnerships (PPP/PFI/P3), concessions, regulated assets and renewable energy projects which have long-term contracted or regulated income streams that generate stable and predictable cash flows. The fund targets both greenfield and brownfield projects in primarily Europe, North America and Australasia.
  • DIF Core Infrastructure Fund I targets equity investments in small to mid-sized infrastructure assets in amongst others the energy, transportation and telecom sectors which generate stable and predictable cash flows that are protected through mid-term contracted income streams. The fund targets greenfield and brownfield investments in Europe, North America and Australasia.

DIF has a team of over 95 professionals in eight offices, located in Amsterdam, Frankfurt, London, Luxembourg, Madrid, Paris, Sydney and Toronto, through which it covers its target markets with dedicated local teams.

For more information, please contact:

Allard Ruijs
Partner, Head of Investor Relations and Business Development
Email: a.ruijs@dif.eu
Website: www.dif.eu

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DIF agreed to acquire US toll road portfolio

DIF

Toronto, 8 May 2018 – DIF Infrastructure V (“DIF”) is pleased to announce it has entered into a definitive agreement to acquire a 100% equity interest in American Roads LLC (“American Roads” or, the “Company”). The Company is being sold by an affiliate of Syncora Guarantee Inc., a wholly owned, New York financial guarantee insurance subsidiary of Syncora Holdings Ltd.

Headquartered in Detroit, Michigan, American Roads operates a diversified portfolio of five toll road assets, comprising four owned toll bridges in Alabama and, pursuant to a long-term lease agreement, the U.S. side of the Detroit-Windsor Tunnel, a subaqueous international tolled tunnel between Detroit, Michigan and Windsor, Ontario.

American Roads is led by a highly qualified management team with more than 100 years of combined management experience in infrastructure and transportation. The management team provides comprehensive management services for American Roads including operations, maintenance, engineering and administrative services.

The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2018.

DIF Profile

DIF, an independent and specialist fund management company, manages approximately €5.1 billion across seven closed-end investment funds and several co-investment vehicles. DIF invests in the global infrastructure market through two differentiated and complementary strategies.

The majority of DIF’s funds, including DIF Infrastructure V, target PPP / PFI / P3, regulated infrastructure assets and renewable energy projects.

DIF CIF I targets small to mid-sized infrastructure assets in the telecom infrastructure, rail, energy and utility sectors that generate stable and predictable cash flows that are contracted over the mid-term with highly rated entities.

DIF has offices in Amsterdam, Frankfurt, London, Paris, Luxembourg, Madrid, Toronto and Sydney.

For more information, please contact:

Paul Huebener, Partner
Email: p.huebener@dif.eu

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

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EQT Infrastructure to sell IslaLink to Fiera Infrastructure

eqt

  • EQT Infrastructure to sell IslaLink, the Spanish independent and neutral fiber infrastructure provider, to Fiera Infrastructure
  • IslaLink provides indispensable telecom infrastructure in and around the Balearic Islands, operating the only route-redundant fiber infrastructure connecting Mallorca and Ibiza with the Spanish mainland
  • IslaLink also owns and operates terrestrial fiber ring in Mallorca providing local operators with neutral and independent fiber infrastructure services
  • During EQT Infrastructure’s ownership, IslaLink has been transformed to a focused and scalable telecom infrastructure platform with multiple growth avenues

The EQT Infrastructure II Fund (“EQT Infrastructure”) has entered into a definitive agreement to sell IslaLink S.L.U. (“IslaLink or “the Company”) to Fiera Infrastructure (“Fiera”), a Canadian infrastructure investor. Headquartered in Madrid, Spain, IslaLink is an independent and neutral fiber infrastructure provider. The Company owns and operates the route-redundant Balalink submarine fiber-optic system connecting the Mediterranean islands of Mallorca and Ibiza with mainland Spain, as well as a terrestrial fiber ring in Mallorca, providing local operators with neutral and independent fiber infrastructure services.

EQT Infrastructure acquired IslaLink in November 2014, and during its ownership period the Company has grown its business activities in the Balearic Islands, increased its customer base, improved efficiency within the organization and de-risked the business. Building on its long-lasting partnership-like relationships with blue-chip customers, IslaLink has further strengthened a market leading position in its core Balearic Islands region.

Moreover, EQT Infrastructure has supported IslaLink’s transformation from a founder-led business into a lean and agile organization under the leadership of CEO Esther Garcés, and her experienced management team.

Daniel Pérez, Partner at EQT Partners and Investment Advisor to EQT Infrastructure, comments: “We are proud of having been part of IslaLink’s journey over the past four years. Today, the Company focuses on delivering mission critical fiber infrastructure services to telecom operators and other customers on the Balearic Islands. IslaLink has successfully been repositioned under the leadership of Esther Garcés and her team, into a scalable telecom infrastructure platform with multiple development avenues and an exciting growth outlook”.

Esther Garcés, CEO of IslaLink adds: “With the support of EQT, the longstanding relationship with our customers and our dedicated colleagues, we have continued to strengthen IslaLink’s leading position on the Balearic Islands. Together with Fiera, we will now continue to deliver on our mission which is to develop and provide indispensable telecom infrastructure in underserved markets”.

Closing of the transaction is subject to customary antitrust approval.

Greenhill acted as financial adviser and Allen & Overy as legal adviser to EQT Infrastructure.

The parties have agreed not to disclose the transaction value nor any financial details.

Contacts
Daniel Pérez, Partner at EQT Partners and Investment Advisor to EQT Infrastructure, +46 8 506 554 72
EQT Press office, +46 8 506 55 334

About EQT
EQT is a leading investment firm with approximately EUR 49 billion in raised capital across 26 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

About IslaLink

Headquartered in Madrid, Spain, IslaLink is an independent and neutral fiber infrastructure provider, specialized in submarine fiber-optic cables and related activities. IslaLink provides fiber infrastructure in and around the Balearic Islands, operating the only route-redundant fiber infrastructure connecting Mallorca and Ibiza with the Spanish mainland, as well as a terrestrial fiber ring in Mallorca, providing local operators with neutral and independent fiber infrastructure services.
More info: www.islalink.com

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Ardian reaches agreement over sale of its stake in London Luton Airport

Ardian

London, April 24 2018 – Ardian, a world-leading private investment house, today announces that it has agreed to sell its stake in London Luton Airport (“LLA”), the UK’s fifth largest airport in terms of passenger numbers, to AMP Capital, the specialist global investment manager with a heritage and strength in real assets.

Ardian Infrastructure acquired 49% of LLA in 2013. Since then, Ardian together with leading airport operator, Aena have invested heavily in developing the airport, committing over £160 million in total. As a result, the airport has been transformed and passenger numbers have increased from 9.7 million in 2013 to 15.8 million in 2017, making LLA one of the UK’s fastest growing airports.

This increase in customer numbers has followed a focus on improving the customer experience and services at LLA. This included better harnessing technology to create a more seamless customer experience, and improving transport links and parking at the airport, as well as the quality of retail offering inside the terminal. In addition, the airport’s route network has substantially increased since Ardian and Aena invested in 2013, now serving over 140 destinations across Europe, Asia and Africa.

The strong performance of the airport over the last four and a half years has seen the creation of 3,000 direct and indirect jobs. Ardian’s work with LLA has involved close cooperation with its long term industrial strategic partner, Aena, Luton Borough Council, and an extended list of airlines, suppliers and government bodies.

Mathias Burghardt, member of the Executive Committee of Ardian and Head of Infrastructure, said: “It has been great to see the growth and development of LLA over the last four and a half years. LLA is a perfect example of our strategy of developing airports through capacity expansion and improvement of passenger experience. Ardians strategy of working with industrial Partners and actively manage assets delivers superior returns to our investors.”

Andrew Liau, Managing Director Ardian and Director of LLA, added: “This success has been made possible by the hard work of everyone involved with LLA, including the employees, our industrial partner Aena, and an extended list of important stakeholders. AMP Capital will be an excellent partner for them and LLA as the airport continues its growth ambitions.”

Boe Pahari, Global Head of Infrastructure Equity at AMP Capital, said: “London Luton Airport is a high-quality capital city airport with significant further growth potential, catering for the high-volume London market, which makes it a compelling investment opportunity. As experienced owners of airports we look forward to working with Aena to further develop London Luton through supporting investment in the infrastructure and identifying opportunities for route development, as well as further improving the passenger experience and the retail offering.”

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$67bn managed or advised in Europe, North America 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 490 employees working from 13 offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco) and Asia (Beijing, Singapore, Tokyo). It manages funds on behalf of about 700 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
Follow Ardian on Twitter @Ardian

PRESS CONTACT

ARDIAN
Headland

Martin Robinson
Tel: +44 020 3805 4828
mrobinson@headlandconsultancy.com

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3i-backed Smarte Carte acquires Aviation Mobility and closes a $225 million refinancing

3I

3i-backed Smarte Carte, a leading concessionaire of essential infrastructure equipment, has acquired Aviation Mobility, LLC (‘Aviation Mobility’), a leading US provider of legally mandated wheelchairs in the commercial aviation sector.

Aviation Mobility is present at over 300 airports, primarily in the US, and has a fleet of c.15,000 wheelchairs. The company is known for its strong customer service and its industry-leading deployment times and has long-term customer relationships, averaging 15 years.

In addition, Smarte Carte successfully closed a $225m senior debt refinancing. Proceeds were used to refinance existing debt and provide a distribution to shareholders.

Rob Collins, Managing Partner, 3i North American Infrastructure, commented:

“The acquisition of Aviation Mobility, which offers identifiable synergies and cross-selling opportunities with our existing platform, is consistent with our thesis to acquire complementary businesses and integrate them into Smarte Carte.

We are also pleased with the company’s successful refinancing which saw strong demand from infrastructure lenders, reflecting a high level of confidence in Smarte Carte’s essential service offering, strategy and management team.” 

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DIF acquires a portfolio of Norwegian social infrastructure

DIF

Schiphol, 18 April 2018 – DIF Core Infrastructure Fund I (DIF CIF I) is pleased to announce that it, together with Infranode, has completed the acquisition of a Norwegian portfolio of four rehabilitation centres, 41 care homes and seven preschools from SPG. DIF CIF I has acquired a 40% shareholding, and Infranode 60%.

The facilities are contracted and operated by renowned Norwegian and international private health and care providers, which receive their funding from local and regional public authorities. The portfolio’s assets are located in densely populated areas, with the majority located in the attractive greater Oslo region.

The investment provides mid to long-term contracted cash flows, with strong counterparties and is a good fit with DIF CIF I’s investment strategy.

Willem Jansonius, Partner at DIF added: “DIF is excited to enter the growing Norwegian private health and care market. We have established a strong partnership with Infranode and are looking forward to further growing this platform in the future.”

About DIF

DIF is an independent and specialist infrastructure fund management company, managing funds of approximately €5.1 billion across seven closed-end investment funds and several co-investment vehicles. DIF invests in the global infrastructure market through two differentiated and complementary strategies.

DIF Infrastructure V targets PPP / PFI / P3, regulated infrastructure assets and renewable energy projects.

DIF CIF I targets small to mid-sized infrastructure assets in, amongst others, the energy, transportation and telecoms sectors which generate stable and predictable cash flows that are protected over the mid-term.

Both strategies target greenfield and brownfield investments in Europe, North America and Australasia.

DIF has offices in Amsterdam, Frankfurt, London, Paris, Luxembourg, Madrid, Toronto and Sydney.

For more information, please contact:

Willem Jansonius, Partner
Email: w.jansonius@dif.eu

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

 

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KKR agrees to sell its 75% equity stake in South Staffordshire Plc to Arjun Infrastructure Partners

KKR

London, 13 April 2018

KKR, a leading global investment firm, and Arjun Infrastructure Partners (“AIP”), an independent infrastructure investment advisory company, have announced an agreement by which the 75% equity stake currently owned and controlled by KKR’s infrastructure funds and other accounts in South Staffordshire Plc (the “Company”) will be sold to pension funds and other institutional investors advised by AIP. The transaction is subject to customary regulatory approvals and clearances. No financial terms are being disclosed.

South Staffordshire Plc is comprised of a regulated water company, South Staffordshire Water Plc (“SSW”), the statutory supplier of water to around 1.6 million customers in the South Staffordshire and Cambridge regions in the UK, and a significant non-regulated business which provides contractual specialist services primarily to the UK water sector.

SSW is a leading company in the UK water sector, with an established track record of high levels of customer service, fair pricing and environmentally sustainable operations. The non-regulated business, which includes SSI Services and Echo Managed Services, operates across the UK and continues to leverage Its valuable relationships with companies across various regulated sectors.

The Company is committed to serving and supporting its customers and the local community in South Staffordshire and Cambridge. Last year the business provided support to over 23,000 customers in debt, helping them to manage their water accounts and introducing the ‘Assure’ social tariff to offer a discount on bills based on income and expenditure. The Company has invested significantly in the areas which it serves, supporting the successful introduction of the £1 billion North West Cambridge development by supplying homes and community facilities with the UK’s largest rainwater recycling scheme.

Ram Kumar, Chairman of the Company and a senior member of KKR ’s infrastructure team, said:

“South Staffordshire has a long and successful track record as a UK water utility, and KKR is proud to have been involved with it over the past five years. During our ownership, we have enabled the Company to enhance the quality and reliability of its water supply, support its customers and invest in environmentally sustainable operations. We are confident that the Company is well positioned to continue delivering on its social commitments under AIP’s majority ownership.

”Adrian Page, Group Chief Executive of the Company, said: “We are delighted to have successfully worked with the team at KKR over the past five years. We welcome Arjun as a long term investor based in the UK and are looking forward to working with them and maintaining our position as a leading company in the UK water sector.

”Surinder Toor, Founding Partner of AIP, said: “We are very pleased to have completed this investment on behalf of our investors, who are all natural long-term owners of infrastructure businesses. We recognise that South Staffordshire Plc is a high quality water utility and we are excited to be working alongside the management team and the existing shareholder, Mitsubishi Corporation. Our priority will be to support Adrian Page and his team in continuing to deliver for their customers and the local community.”

About South Staffordshire Plc

South Staffordshire Plc is an integrated services group with a highly regarded regulated water supply business covering two separate supply regions (South Staffs Water and Cambridge Water), coupled with the provision of related, non-regulated specialist services within two main divisions, Echo and SSI Services. For more information about South Staffordshire Plc, please visit www.south-staffordshire.com

About KKR

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic manager partnerships that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

About Arjun Infrastructure Partners

Arjun Infrastructure Partners facilitates the direct infrastructure investment strategy of large sophisticated investors working in partnership whilst allowing each investor to retain all the benefits of a direct investment approach. Founded in 2015, AIP has now made seven investments on behalf of its investors in the UK and the Middle East. AIP is being advised on this investment by White & Case LLP and Brodies LLP(legal advisers) and Evercore (financial advisers).

Media Contacts

Alastair Elwen

Finsbury

Phone: +44(0)20 7251 3801

Email: alastair.elwen@finsbury.com

 

 

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FSN Capital III: Green Landscaping has been listed on Nasdaq Stockholm, First North

Fsn Capital

Green Landscaping Holding AB (publ) (“Green Landscaping” or the “Company”) was listed on March 23, 2018, on Nasdaq First North. The Initial Public Offering (the “IPO”) attracted very strong interest both from Swedish and international institutional investors, as well as from the general public in Sweden. The offering was oversubscribed several times.

The listing price in the offering was SEK 21 per share, corresponding to a total market value of the Company’s shares of approximately SEK 745 million upon completion of the Offering. Assuming full exercise of the over-allotment option, 20,527,500 shares were sold in the Offering, corresponding to approximately 58 percent of the total number of shares in the Company upon completion of the offering. FSN Capital III sold 15,138,917 shares in the offering and will hold approximately 18.6 percent of the shares in the Company following the IPO.

Andreas Bruzelius, Principal at FSN Capital Partners (investment advisor to FSN Capital III) says: ”Driven by an exceptional effort by the management team and employees, Green Landscaping has excelled in recent years and is now well equipped to take the next step on its growth journey. On behalf of FSN Capital III, I would like to thank management, board and employees for their relentless dedication to developing the company. We are also pleased to see an impressive set of new shareholders investing in Green, which will serve as a strong support in establishing Green as the leading North European player in its field.”

Per Sjöstrand, Chairman of the board, says: “Through the listing, we have very good prospects for continuing the consolidation of the outdoor environment industry, while increasing transparency gives our customers added comfort. We welcome all new shareholders to the Company, in particular the Salén family as a new, large, active investor and potential board member to support the company as it continues to execute on its strategic plan. The Board is proud of what the management has achieved so far and looks confident in the future.”

Johan Nordström, CEO, says: “We are very proud and happy about the great interest shown in the last few weeks of Green Landscaping and our strategy for profitable growth. I welcome all new shareholders to the company and look forward to continuing our journey with a focus on customer value, sustainability and quality in a public environment.”

About Green Landscaping
Green Landscaping is a leading supplier of services within the Swedish market for maintenance of outdoor environments. The main business comprises a complete offering of maintenance services such as grounds maintenance, landscaping, sports grounds maintenance, as well as arborist services. Green Landscaping is present in the middle and south of Sweden, focusing on the metropolitan areas.

The Company began its operations in the spring of 2009 through a consolidation of four companies, which together formed the new group Green Landscaping. Since then, the Company has conducted seven more acquisitions and achieved total revenues of SEK 1,016 million in 2017, including full-year revenues from companies acquired in 2017. In 2015, Johan Nordström started working as CEO of Green Landscaping. Since then, the Company has established a platform for profitable growth through the implementation of multiple operational efficiency improvements and efficient steering processes. These have also contributed to an increase in the Company’s adjusted EBITDA margin from 4.2 percent in 2014 to 9.4 percent in 2017, including full-year earnings from companies acquired in 2017. The Company intends to grow through both organic growth and acquisitions, and has established a structured acquisition strategy for the future.

For more information please contact the following persons at FSN Capital Partners (investment advisor to FSN Capital III):

Andreas Bruzelius, Principal
ab@fsncapital.com  +46 76 632 07 35

Morten Welo, Partner & COO/IR
mw@fsncapital.com   +47 92 44 85 55

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EQT to sell Mongstad Group

eqt

  • EQT Infrastructure II to sell Norwegian port and supply base landlord Mongstad Group to Asset Buyout Partners
  • During EQT’s ownership, Mongstad Group has more than tripled in size following strategic acquisitions and investments in base infrastructure such as quays and storage facilities
  • Expansion and upgrade projects of more than NOK 500 million completed for Statoil and other partners – resulting in growth, increased efficiency, reduced emissions and improved supply base infrastructure and security

EQT Infrastructure II (“EQT Infrastructure”) has entered into a definitive agreement to sell Mongstad Group to Asset Buyout Partners (“ABP”), a real estate investor specialized on oil and gas clusters, founded by Norwegian private equity investor HitecVision.

Mongstad Group was acquired by EQT Infrastructure in August 2015 and is the owner of infrastructure and landlord at two high activity oil and gas supply bases at strategically located ports serving producing platforms in the Norwegian North Sea. The strategy has revolved around investing in infrastructure and properties to support the increasing supply base activity through acquisitions and contracted development projects for partners, including Statoil and various oil & gas service companies.

In total, expansion and upgrade projects of more than NOK 500 million have been completed on behalf of Statoil and Mongstad Group’s other partners to enable growth, customer cost savings and environmental benefits by improving supply base infrastructure and security.

Since EQT Infrastructure came in as owner, Mongstad Group has grown through several acquisitions at the port of Mongstad outside Bergen and expanded to Dusavik. Dusavik port is located outside Stavanger and is a key supply base serving the southern part of the Norwegian North Sea, which includes being the designated supply base for the Johan Sverdrup development, the largest oil field development on the Norwegian Continental Shelf.

With these initiatives, Mongstad Group has grown threefold in revenues from 2015 to 2018.

Tore Noto Johnsen, CEO of Mongstad Group, comments: “Together with EQT, Mongstad Group has grown its offering of infrastructure and properties supporting more than 20 producing platforms in the Norwegian North Sea served from the supply base. We are now excited to continue our journey with ABP and continue to improve our combined offering and capacity as a leading Norwegian port landlord and developer of supply base infrastructure.”

Masoud Homayoun, Partner at EQT Partners, Investment Advisor to EQT Infrastructure, adds: “Since 2015, Mongstad Group has undergone an extraordinary transformation to become an infrastructure owner and developer of critical importance to the offshore oil and gas industry. In the capable hands of the company’s management and ABP as a strong new owner, we believe that Mongstad Group will continue to prosper and support its customers.“

Closing of the transaction is subject to customary approval by the Norwegian Competition Authority.

Morgan Stanley & DNB Markets acted as financial advisers and Selmer as legal adviser to EQT Infrastructure.

The parties have agreed not to disclose the transaction value.

Contacts:
Masoud Homayoun, Partner at EQT Partners, Investment Advisor to EQT Infrastructure, +46 8 506 55 348
EQT Press contact, +46 8 506 55 334

About Mongstad Group
Mongstad Group is an owner of key infrastructure and a landlord to high activity oil and gas supply bases at the strategically located ports of Mongstad and Dusavik, supporting about 30 oil and gas fields in the Norwegian North Sea.

More info: www.mongstadgroup.no

About EQT
EQT is a leading investment firm with approximately EUR 49 billion in raised capital across 26 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

About Asset Buyout Partners
Asset Buyout Partners is an industrial real estate company with a dedicated investment strategy aimed towards real estate and infrastructure assets located in Norwegian oil and gas clusters. The company Is owned by HitecVision, Europe’s leading specialist private equity investor focused on the oil and gas industry.

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Ardian Infrastructure partners with TPH to create Skyline Renewables and acquires 60MW wind project in Texas

Ardian

New York, March 5, 2018: Ardian, a $67 billion world-leading private investment house, today announces a partnership with Transatlantic Power Holdings (TPH) to build a renewable platform based in the United States, Skyline Renewables. Skyline Renewables’ first acquisition is Whirlwind, a wind project in Texas from Renewable Energy Systems Americas Development, Inc.

Skyline Renewables completed its first acquisition, Whirlwind Energy, a windfarm comprised of 26 turbines with a total capacity of 60 MW, located in Floyd county in the North-West of Texas. The acquisition included the buyout of tax equity interests from JP Morgan and cash equity interests from RES Americas.

Skyline Renewables will focus on acquiring operating and development projects in the onshore wind sector. Skyline Renewables plans to build one of the leading North American clean independent power platforms with a total installed capacity of 3 GW.

TPH, was founded in 2016 by Martin Mugica and Lorenzo Roccia with a group of private investors. Mr. Mugica is an industry veteran with more than 20 years of experience most recently as the former President and CEO of Iberdrola Renewables. During his tenure at Iberdrola, Mr. Mugica and his management team built Iberdrola into the second largest renewable player in North America via systematic acquisitions and organic growth. Mr. Roccia will serve as Skyline’s Chairman and Mr. Mugica will serve as Skyline’s CEO. The company’s senior management team includes additional veterans from the Iberdrola Renewables team, Vikram Bakshi, Victor Austin and Manuel Ramos.

Mathias Burghardt, Member of the Executive Committee, Head of Ardian Infrastructure, said: “Ardian Infrastructure stands for innovation and the careful pursuit of superior returns. It is important for us to work with experienced local partners, and as we carefully expand Ardian’s activities in the North American market, we are delighted to partner with TPH which has an established track record of excellence in US renewables.”

Stefano Mion, Managing Director and co-head of Ardian Infrastructure US, said: “TPH has an exceptionally strong team and a clear strategy for success. We are excited to leverage its deep industry expertise and considerable relationships for sourcing and pursuing new investment opportunities in the North American renewables sector. While our vision for Skyline Renewables is broad, Whirlwind is the ideal first investment, one in which we can actively manage the asset and optimize returns.”

Martin Mugica, President and CEO of TPH added: “Our partnership with Ardian, a company known for its sophisticated understanding of the infrastructure market, has provided both the resources and support to deliver on our strategy for building a leading North American power producer. There are great opportunities ahead and we are looking forward to taking advantage of them with Ardian’s full support.”

 

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$67bn managed or advised in Europe, North America 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 490 employees working from thirteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco) and Asia (Beijing, Singapore, Tokyo). It manages funds on behalf of c.700 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

Follow Ardian on Twitter @Ardian

 

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