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Leo Puri joins Apax to support growth in India

Apax

Apax Partners LLP (“Apax) is pleased to announce the appointment of Leo Puri as an Advisor to Apax and Chairman of Apax India.

In this newly created role, Leo Puri will advise Apax on the long-term growth strategy of the firm in the region.  Leveraging his extensive experience and local network, Puri will partner with Anurag Sud, Head of Apax India and the ten-strong India investment team, providing mentorship, strategic advice, operational input, and advice in assessing new investment opportunities, where relevant. Anurag Sud will continue to lead and manage day-to-day operations in India, with support from London-based Partner Rohan Haldea.

Commenting on Leo Puri’s appointment, Andrew Sillitoe, Co-CEO of Apax, said: “We are delighted that Leo is joining Apax as an advisor to work closely with our India team. He brings a wealth of experience and local knowledge, and we look forward to working closely with him.”

Rohan Haldea, Partner at Apax, added: “Leo has a truly impressive track-record of building and growing global, people-led organisations, and we’re incredibly pleased to welcome him to the firm. We know he will be an asset to our team as we look to continue strengthening our presence in what is, and continues to be, an incredibly exciting market for us.”

Puri has extensive experience in private capital and the broader financial services industry, having held senior roles at UTI Asset Management, McKinsey & Company, and Warburg Pincus in India. Puri also previously served as the Chairman of JP Morgan Chase for South and Southeast Asia, and currently sits on the Boards of Tata Sons, Hindustan Unilever, and Dr. Reddy’s. He has worked extensively in the UK, USA and Asia over a career spanning across three decades.

On joining Apax India, Leo Puri said: “I’m proud to be working with the talented Apax team in India and supporting the growth of the franchise in the region. Apax India has an impressive heritage and track-record, and I look forward to building on this success, working closely with the team in Mumbai, as well as the wider global Apax team”

The Apax India office was established in 2006 and has since facilitated several successful investments for the Apax Funds, including Azentio Software, Infogain, Global Logic, Zensar, IBS Software, and Fractal Analytics, Healthium, and Apollo Hospitals.  In total, the Apax Funds have invested $2.3bn across 9 deals in India.

 

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Eurazeo signs an agreement to sell 100% of Peters Surgical’ share Capital to Advanced Medical Solutions Group PLC

Eurazeo

Eurazeo Small-mid buyout strategy and the management of Peters Surgical announce that they have signed an agreement to sell all the share capital of Peters Surgical to Advanced Medical Solutions Group plc (AIM: AMS), a world-leading specialist in tissue-healing technologies listed in the London Stock Exchange.

Eurazeo has been supporting Peters Surgical, a leading global provider of specialty surgical sutures, mechanical haemostasis and internal cyanoacrylate devices, as a majority shareholder, since 2013. Over the past years, Eurazeo has enabled the company to expand its presence in the operating room by developing organically and by acquiring new product ranges, such as haemostatic clips or surgical glue. Thanks to numerous acquisitions, Peters Surgical has also increased its shares of direct-selling capabilities, and expanded its geographical presence in the United States, in Asia and in key European countries (Germany, Poland, among others).

The transaction will allow Peters Surgical to benefit from significant complementarities with Advanced Medical Solutions Group plc in terms of portfolio of surgical products, of sales capabilities and commercial footprint in key territories as well as distribution networks.

The transaction remains subject to approval of French authorities for foreign direct investment control. The sale of Peters Surgical would allow funds managed by Eurazeo, to receive estimated proceeds of €66m (of which c. €46m for Eurazeo’s Balance Sheet) upon closing. These proceeds are subject to adjustments based on completion accounts and earn-outs which could be triggered and paid in 2024 and 2025.

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Linden Invests in Alcresta Therapeutics

Linden Capital Partners

Chicago, IL (March 12, 2024) – Linden Capital Partners (“Linden”), a Chicago-based healthcare private equity firm, announced today the completion of its acquisition of Alcresta Therapeutics, Inc. (“Alcresta” or “the Company”), a leader in commercializing novel enzyme-based products designed to address challenges faced by patients living with gastrointestinal disorders and rare diseases.

Alcresta recently announced 510(k) clearance of its next-generation RELiZORB® (iMMOBILIZED LIPASE) cartridge by the Center for Devices and Radiological Health of the U.S. Food and Drug Administration. The next-generation RELiZORB device was developed to address the enteral nutrition needs of a wider population of patients living with rare diseases and is expected to launch in Q2 2024.

Linden Operating Partner Ron Labrum, who is joining Alcresta as Chairman of the Board of Directors, said, “I am very excited to join the Alcresta team to support the continuing growth of the company. Alcresta’s rapid progress has made a meaningful difference for patients living with rare diseases that struggle with fat malabsorption. Linden feels very fortunate to partner with Alcresta as it prepares for new levels of momentum and success in the years ahead.”

Daniel Orlando, CEO of Alcresta, said, “We have been very impressed with Linden’s thoughtful investment approach as we finalize launch plans for the next generation RELiZORB and accelerate R&D efforts for an iteration to treat enterally fed patients in the NICU. We anticipate considerable growth in the years to come and appreciate the added strategic planning and investment experience that Linden brings to Alcresta.”

Piyush Shukla, Partner at Linden and incoming Board member at Alcresta, added, “Linden’s investment in Alcresta is a direct result of our dedicated and longstanding medical devices and specialty pharma sector effort. We have been impressed with the organization and team that Daniel has built and are excited to partner with Alcresta on this next phase of growth.” Linden’s Ernest Waaser and Prab Chawla have also joined the Board of Directors, alongside Alcresta CEO Daniel Orlando.

Kirkland & Ellis LLP and Cain Brothers, a division of KeyBanc Capital Markets, served as legal advisor and financial advisor to Linden, respectively. Wilmer Cutler Pickering Hale and Dorr LLP and Rothschild & Co served as legal advisor and financial advisor to Alcresta, respectively. Twin Brook Capital Partners and MidCap Financial provided debt financing for the transaction.

About Alcresta Therapeutics, Inc.
Alcresta Therapeutics, Inc. is dedicated to developing and commercializing novel, enzyme-based products designed to address challenges faced by patients living with gastrointestinal disorders and rare diseases.  Alcresta currently markets RELiZORB for enterally fed patients with pancreatic insufficiency, which occurs in cystic fibrosis, pancreatic cancer, and pancreatitis, and is developing platform applications for patients with short bowel syndrome (SBS) and prematurely born infants treated in the NICU.  More information can be found at www.alcresta.com.

About Linden Capital Partners
Linden Capital Partners is a Chicago-based private equity firm focused exclusively on the healthcare industry. Founded in 2004, Linden is the country’s largest dedicated healthcare private equity firm by total buyout capital raised. Linden’s strategy is based upon three elements: (i) healthcare specialization, (ii) integrated private equity and operating expertise, and (iii) its differentiated human capital program. Linden invests in middle market platforms in the medical products, specialty distribution, pharmaceutical, and services segments of healthcare. Since its founding, Linden has invested in over 40 healthcare companies encompassing over 325 total transactions. The firm has approximately $8 billion in regulatory assets under management. For more information, please visit www.lindenllc.com.

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HarbourView Equity Partners Secures Close To $500 Million In Debt Financing From KKR And Other Investors To Expand Music Investment Opportunities

KKR

NEWARK, N.J.–(BUSINESS WIRE)–HarbourView Equity Partners (HarbourView), an industry-leading alternative asset management company focused on investment opportunities in the sports, media and entertainment space, has secured approximately $500 million in debt financing through a private securitization backed by its diversified catalog of music royalties. Insurance vehicles and accounts managed by KKR, a leading global investment firm, led the financing and investment accounts advised by Kuvare Asset Management also participated in the transaction.

“We are grateful to KKR for working with us to deliver a flexible and innovative financing structure that will support HarbourView in expanding its reach,” said HarbourView Founder and CEO Sherrese Clarke Soares. “This capital will allow us to further our mission of investing in assets and companies driven by premier intellectual property while striving to ensure that creators are appropriately valued for their contributions to the world.”

“This transaction is a testament to the scale and versatility of our High-Grade Asset-Based Finance strategy, which is a fast-growing segment of our private credit business,” said Avi Korn and Chris Mellia, Co-Heads of U.S. Asset-Based Finance at KKR. “Music IP is one of many areas where we see opportunity and we are pleased to finance a scaled and high-quality portfolio in this space.”

KKR’s Asset-Based Finance (ABF) strategy focuses on privately originated and negotiated credit investments that are backed by large and diversified pools of financial and hard assets, offering diversification to traditional corporate credit and attractive risk-adjusted returns. KKR’s ABF platform began investing in 2016 and now has approximately $48 billion in ABF assets under management globally across its High-Grade ABF and Opportunistic ABF strategies.

Established in 2021, HarbourView Equity Partners has quickly solidified its position in the industry, amassing roughly $1.6 billion* in regulatory managed assets and establishing a distinctly diverse portfolio featuring thousands of titles spanning numerous genres, eras, and artists. The asset manager has acquired 50+ catalogs including Pat Benatar and Neil Giraldo, Fleetwood Mac’s Christine McVie, Wiz Khalifa, Brad Paisley, Jeremih, Nelly, Luis Fonsi, Eslabon Armado and more. Their diversified catalog features ~28,100+ songs across both master recordings and publishing income streams.

The financing further emphasizes HarbourView’s commitment to delivering the best execution for its growing LP base and comes on the heels of numerous major deals, including its $300 million credit facility expansion announced in December 2023.

Guggenheim Securities, LLC served as sole structuring advisor, and Guggenheim Securities, LLC and Barclays acted as co-placement agents on this transaction.

About HarbourView Equity Partners
HarbourView Equity Partners is an investment firm, founded by Sherrese Clarke Soares, focused on the entertainment and media markets. The firm seeks businesses or assets powered by IP and investment opportunities that aim to build enduring value and returns. HarbourView has been extremely active since launching in 2021, acquiring over 50 music catalogs to date. The firm’s distinctly diverse portfolio features thousands of titles spanning numerous genres, eras, and artists, amounting to a diversified catalog of ~28,100+ songs across both master recordings and publishing income streams. In addition to music, HarbourView is focused on opportunities to support premium content across the entertainment, sports, and media sectors. The company is headquartered in Newark, NJ.

About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

*Regulatory AUM for private funds are calculated regardless of the nature of the gross assets under management. This includes any uncalled committed capital pursuant to an obligation to make a capital contribution to the fund.

Contacts

Media:

For HarbourView: The Lede Company | harbourview@ledecompany.com

For KKR: Julia Kosygina | +1 212-750-8300 | Media@kkr.com

 

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Second acquisition in 2024: Mutares has signed an agreement for the transfer of Magirus from Iveco Group

Mutares
  • Well-known provider of vehicles, ladders and other products and related aftersales services in the firefighting and disaster control markets
  • New platform investment to strengthen the Goods & Services segment
  • Revenues over EUR 300 million

Munich, March 13, 2024 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement for the transfer of Magirus from Iveco Group (EXM: IVG). The company will strengthen the Goods & Services segment as a new platform. Due to the required unbundling measures, the transaction is expected to be completed no later than January 2025.

Magirus is amongst the best-known and most technologically leading providers of firefighting technology worldwide. Founded in 1864 and headquartered in Ulm, Germany, the company generates over EUR 300 million in revenues and employs around 1,300 staff at its four sites in Germany, Italy, Austria and France. Magirus offers a comprehensive range of products in the firefighting and disaster control field, such as a complete range of vehicles, ladders, pumps and components & systems, including customer service and aftersales. The company has a global commercial presence serving over 70 countries, its main customers are municipalities and public administrations, airports and industrial companies.

With its strong brand, best-in-class innovation and advanced technology, the company has a unique competitive positioning as a leader in its field, drawing the way for future growth in a resilient and expanding market while optimizing its supply chain and seizing further market opportunities overseas.

Mark Friedrich, CFO of Mutares, comments on the transaction: “Magirus is a typical Mutares acquisition where the company stands for a reputed brand with high quality and represents a compelling value proposition. We therefore see huge potential in the business and are looking forward to further leveraging on its position in Europe and globally.”

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Groome, an Argosy Private Equity Portfolio Company, Acquires W-S Companies

Argosy

We are pleased to announce that Groome Industrial Service Group (“Groome”), a portfolio company of Argosy Private Equity has completed the acquisition of W-S Companies.

W-S Companies and its subsidiaries, (collectively “W-S” or the “Company”), is a provider of industrial services through eight associated entities, offering industrial cleaning and maintenance services such as abrasive grit-blasting, mechanical machine maintenance, explosive de-slagging, welding, and environmental waste removal and disposal, catering primarily to gas & coal-fired power plants. Founded in 1993 and headquartered in Council Bluffs, Iowa, the Company operates out of 15 facilities spanning Arkansas, Florida, Georgia, Iowa, Montana, Missouri, Oklahoma, Texas, and Wisconsin, with additional satellite facilities in Nebraska and North Dakota.

For over 50 years, Groome has provided specialty maintenance services nationwide for several industries including natural gas-fired power generation, coal-fired power generation, refinery, shipping, manufacturing, and aviation. As an industry leader focused on the future, Groome’s turnkey services reduce harmful emissions, improve plant performance, and extend the life of valuable industrial equipment. Their experienced in-house labor teams have helped to establish Groome as the maintenance provider of choice.

W-S provides complementary service offerings to Groome’s base industrial cleaning services, such as industrial and municipal waste removal and disposal, welding & pipefitting education, hydro-excavation, and industrial vacuuming. Additionally, synergies in the customer base in the Midwest and South are expected to offer combined cross-selling opportunities. The acquisition is also expected to improve seasonality of revenue.

Jeff Bause, President & CEO of Groome, stated, “We are excited for W-S to join the Groome Team, creating a bigger and better specialty maintenance company with an even stronger nationwide presence. Both companies provide a service mix that is complimentary to one another while also offering unique specialty services. This acquisition now gives Groome one of the broadest offerings in the industry.”

“We are thrilled about the combination of Groome and W-S. Given Groome’s experience with previous acquisitions, we have confidence in the team’s demonstrated ability to execute integration plans. The consolidated companies now offer a comprehensive suite of services delivered on a national scale. This acquisition not only strengthens Groome’s position in the market but also underscores our commitment to providing unparalleled value and support to its clients,” said Keven Shanahan, Managing Partner, Argosy Private Equity.

Integration is already underway. The Groome and W-S management teams, along with Argosy, are actively working on implementing Argosy’s Value Acceleration Methodology (VAM™) acquisition program to help integrate the operations, realize synergies between the companies, and seek to grow the combined company.

For more information, please contact Keven Shanahan at kshanahan@argosycapital.com

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Aligned Data Centers and Blackstone Credit & Insurance Announce Financing

Blackstone

NEW YORK, NY and DALLAS, TX – Blackstone Credit & Insurance (“BXCI”) and Aligned Data Centers, a leading technology infrastructure company offering innovative, sustainable, and adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale and enterprise customers, today announced that Blackstone has provided an initial $600 million senior secured credit facility to support the development of Aligned’s newest and largest data center in West Jordan, Utah. The senior secured credit facility is committed entirely by insurance accounts managed by BXCI’s Infrastructure & Asset Based Credit Group.

“Blackstone’s support contributes to Aligned’s continued growth in meeting the capacity demands of customers across the globe,” said Anubhav Raj, Chief Financial Officer at Aligned. “The capital demands of this industry make strong financial backing crucial. Strategic financing partnerships focused on ingenuity and collaboration are a key advantage. We are excited to embark on this initial transaction and build on future opportunities with Blackstone.”

Robert Horn, Global Head of Infrastructure & Asset Based Credit at BXCI, said “We are thrilled to partner with Aligned and this partnership highlights our ability to support large scale digital infrastructure build-out with flexible and efficient financing solutions.”

Alan Carcich, Principal, Infrastructure & Asset Based Credit at BXCI, said “Aligned is one of the fastest growing data center platforms in the Americas and has a focus on sustainability – we look forward to working with the Aligned team.”

Aligned’s SLC-03 data center is a two-story, 80 MW build-to suit project on its hyperscale campus in West Jordan, Utah, which now houses three facilities. This is the company’s fourth hyperscale data center in the Salt Lake City metro area.

About Aligned Data Centers
Aligned Data Centers is a leading technology infrastructure company offering innovative, sustainable, and adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale and enterprise customers. Our intelligent infrastructure allows densification and vertical growth within the same footprint, enabling customers to scale up without disruption, all while maintaining industry-leading Power Usage Effectiveness (PUE). By reducing the energy, water, and space needed to operate, our data center solutions, combined with our patented cooling technology, offer businesses a competitive advantage by improving sustainability, reliability, and their bottom line. For more information, visit www.aligneddc.com and connect with us on X, LinkedIn and Facebook.

About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to deliver compelling returns for institutional and individual investors by strengthening the companies in which we invest. Our more than $1 trillion in assets under management include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

Press and Analyst Inquiries
Jennifer Handshew for Aligned Data Centers
jennifer@180-mktg.com
+1 (917) 359-8838

Kate Holderness for Blackstone
Kate.holderness@blackstone.com
+1 (917) 318 6818

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Apollo Funds Agree to Sell 28.4% Stake in Vallourec to ArcelorMittal

Apollo logo

NEW YORK, March 12, 2024 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed Funds (“Apollo Funds” or the “Funds”) have agreed to sell 65.2 million common equity shares in Vallourec SA (Euronext: VK; “Vallourec”, the “Company”), a value-added manufacturer of premium tubular steel products, for €14.64 per share to ArcelorMittal. The shares sold represent a 28.4% equity interest1 in Vallourec and a total transaction value of approximately €955 million, and upon close will mark the Apollo Funds’ exit of the investment.

“We’re proud of the extremely strong results achieved during our Funds’ ownership as the Company transformed its operations under a top leadership team led by Philippe Guillemot and established itself as a focused world leader in the manufacturing of high performance tubular products. Along with this business transformation have come record levels of profitability, a more sustainable competitive position and an opportunity to capture future growth in the energy transition markets,” said Apollo Partner Gareth Turner. “There is still considerable potential to expand upon what we have achieved but it is now appropriate for Apollo to transition our Funds’ shareholding to an industrial partner that can take the Company forward. We remain confident that Vallourec is well-positioned for long-term growth and we wish Philippe and the entire team continued success.”

Philippe Guillemot, Vallourec Chairman and CEO, said, “Apollo’s operational and capital markets expertise was instrumental to Vallourec’s turnaround, and we thank the Apollo team for their unfailing support and world-class partnership. With Apollo’s Funds’ assistance, we have fundamentally changed the operational and financial structure of Vallourec and we believe we are on the right trajectory to deliver enhanced shareholder value over the coming years.”

After leading the financial restructuring of Vallourec, Apollo Funds became the largest equity investor in Vallourec in 2021. As a strategic capital partner, Apollo played a pivotal role in the design, launch, and implementation of the “New Vallourec” plan in May 2022, which helped to transform the Company’s operational design, footprint and capabilities, and drove EBITDA from €258mm in 2020 prior to Apollo Funds’ investment to €1,196mm in 2023, reflecting the best results in nearly 15 years.

The transaction is expected to close in the second half of the year, subject to satisfaction of customary closing conditions.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2023, Apollo had approximately $651 billion of assets under management. To learn more, please visit www.apollo.com.

Contacts

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com

1 Not taking into account preferred shares already issued but not vested as of today.

 


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Source: Apollo Global Management, Inc.

Released March 12, 2024

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KKR-Mirastar Acquires Prime Logistics Park In Warrington From Mountpark

KKR

Addition of another prime asset to the portfolio

London, 12 March 2024 – KKR and Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, have completed the acquisition of a 737k sq ft best-in-class distribution asset, located in Warrington, North West UK.

The acquisition of Mountpark Warrington Omega II encompasses three logistics assets which benefit from EV charging points, solar panels and electricity battery storage. The buildings were designed to achieve best-in-class specifications, including BREEAM Excellent certification plus EPC A ratings, and employee wellbeing was at the forefront of the design with a strong focus on natural lighting and ventilation. This attracted the property’s tenants, Amazon and Gousto, even before completion of the project in 2021.

The property is strategically located at the gateway to Omega, widely considered as the premier logistics address in the North West, and has access to Omega’s new 35-acre ‘green heart’ woodland park. The site is positioned at the epicentre of the North West’s motorway network with direct access via J8 of the M62.

Ekaterina Avdonina, CEO and Co-Founder at Mirastar, said: “This asset adds to the impressive portfolio of best-in-class assets acquired to date. The North West market has been one of the best performers in the UK over the past few years and we believe it will continue to do so for best-in-class logistics and distribution assets.”

Ian Williamson, Managing Director and Head of KKR Core+ Real Estate in Europe, added: “We are pleased to complete this acquisition, which forms part of our strategy to acquire state-of-the-art assets in Europe’s most strategic distribution locations. We will continue to provide capital solutions to unlock value in an environment where capital availability is disconnected from attractive fundamentals.”

Tom Kilmister, Senior Development Director at Mountpark (UK and Ireland), said: “We are delighted to conclude this transaction with the teams at KKR and Mirastar and would like to wish them all the best in realising their strategy. Mountpark Warrington Omega II has been a successful long-term project for our team.  The calibre and efficiencies of these properties were swiftly recognised by the market with all units successfully let before practical completion. Mountpark looks forward to announcing new development projects over the coming year.”

The park has been acquired through KKR’s European Core+ real estate strategy, which focuses on investing in high quality, substantially stabilised assets with medium-term value growth potential.

KKR and Mirastar were advised by CBRE (commercial); Clifford Chance (legal); Savills (technical); Nova-Ambiente (environmental); Arcadis and CBRE (ESG); and Deloitte (tax and financial).

Mountpark were advised on the disposal by JLL.

— Ends —

About Mirastar

Mirastar is a pan-European logistics developer, investor and asset manager, founded in 2019 by Ekaterina Avdonina, Chief Executive Officer, and Anthony Butler, Chief Investment Officer. The team currently comprises 39 senior real estate professionals and has offices in London, Madrid, Amsterdam, Stockholm and Milan. The team at Mirastar have deployed over €20bn of capital across key European markets and have built and constructed in excess of 3.0m sqm of logistics assets collectively.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

About Mountpark

Mountpark Logistics EU Sarl is a joint venture between Mountpark Finco and Affinius Capital Europe Holdco B.V., the European holding company managed by the Dutch subsidiary of Affinius Capital (formerly known as USAA Real Estate). With more than 10 years’ experience as a logistics development company with locations in the UK and across Europe, Mountpark offers the independence, flexibility and expertise to deliver buildings that are tailored to meet customers’ requirements.

Media Contacts

FGS Global
Alastair Elwen
KKR-Lon@FGSGlobal.com
Tel: +44 (0) 20 7251 3801

 

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DIF Capital Partners sells UK onshore wind farm project to TfL Pension Fund

DIF

DIF Capital Partners is pleased to announce that DIF Infrastructure IV (DIF IV) has signed an agreement to sell a UK onshore wind farm project to the Transport for London Pension Fund. Closing of the transaction is subject to customary conditions and approvals, and is expected to take place in Q2 2024.

The Wadlow wind farm project, located close to Cambridge, has an installed capacity of 26MW and comprises 13 Vestas V90 2MW turbines. The wind farm has been operational since September 2012 and was acquired by DIF IV in 2016.

Andrew Freeman, Partner and Head of Exits at DIF Capital Partners, said: “We are very pleased with the successful exit of this project. Our proactive approach to divestments helps to deliver attractive risk-adjusted returns for our investors, with this sale further demonstrating the strong track record of our investment strategies.”

“The success of this investment since 2016 demonstrates how financing the energy transition can deliver strong returns for our investors as well as drive the transition to net zero. DIF will be continuing to look for investment opportunities in the UK renewables sector in the coming years.”

DIF IV was advised on the transaction by PKF Francis Clark (financial), Osborne Clarke (legal) and Natural Power (technical).

 

About DIF Capital Partners

DIF Capital Partners is an infrastructure fund manager with more than EUR 17 billion of assets under management. DIF was founded in 2005 and has a leading position in managing mid-market investments, primarily in Europe and North America.

DIF follows two strategies: its traditional DIF funds invest in infrastructure projects and companies in the energy transition (incl. renewables) and utilities sector, as well as concessions. The firm’s CIF funds invest in companies with strong growth potential that are active in infrastructure sectors such as digital infrastructure, energy transition and sustainable transportation.

With a team of over 240 professionals in 11 offices, DIF offers a unique market approach combining global presence with the benefits of strong local networks and investment capabilities. DIF is located in Amsterdam, Frankfurt, Helsinki, London, Luxembourg, Madrid, New York, Paris, Santiago, Sydney and Toronto.

In September 2023, CVC, a leading global private markets manager, announced that it would be acquiring a majority stake in DIF Capital Partners. Closing of the transaction is subject to regulatory approvals and is expected in Q2 2024.

For more information, please visit www.dif.eu or follow us on LinkedIn.

 

Press contact:

DIF Capital Partners: press@dif.eu

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