CapMan Infra invests in Nydalen Energi, the provider of environmentally friendly district heating and cooling in the fast growing Nydalen area in Oslo, Norway

CapMan Infra press release
5 February 2020 at 09.15 a.m. CET

CapMan Infra invests in Nydalen Energi, the provider of environmentally friendly district heating and cooling in the fast growing Nydalen area in Oslo, Norway  

CapMan Infra has entered into an agreement to acquire 100 per cent of the shares in Nydalen Energi AS (“Nydalen Energi”) from Avantor AS (“Avantor”). The company is the concession holder for district heating in the growing Nydalen area and has a highly attractive green production footprint for heating and cooling. The acquisition marks the CapMan Nordic Infrastructure I fund’s first core energy investment.

District energy is a fast-growing industry in Norway, backed by the ambitious climate targets set by the Norwegian government. Nydalen Energi and Avantor have been frontrunners in developing sustainable heating and cooling solutions within the capital city of Oslo. The concession area of the company is located in Nydalen, where during the last 25 years, Avantor has developed more than 600,000 m2 of property, transforming it into an attractive place to live, work and study in. Today Nydalen is a growing district with ~25,000 workplaces, ~10,000 students and ~3,500 residents. Nydalen Energi is the sole provider of district heating and cooling in the area, and has a green production footprint with ~90% of heating and 100% of cooling volumes produced with renewable energy sources, such as thermal energy, biofuels and hydropower.

“Norway has strong and attractive regulation in place to promote the use of district heating. We share this vision and believe that environmentally friendly district heating and cooling can play an important role in reducing the CO2 footprint of properties and thereby promoting greener societies. We find that the growing demand for district energy in Norway is underpinned by strong support from both landlords, tenants, as well as authorities, and find Nydalen Energi to be an attractive platform for entering the Norwegian market. We believe the company’s existing and future customers will benefit from CapMan Infra’s commitment to further develop the cost efficient and reliable heating and cooling infrastructure in the area,” says Ville Poukka, Managing Partner at CapMan Infra.

“In parallel with our real estate development in Nydalen, Avantor has for nearly 20 years developed Nydalen Energi to be a supplier of sustainable district heating and cooling in the area. We are proud of what we have achieved with Nydalen Energi and look forward to remain as a customer of the company and continue our focus on property development in the area,” says Øystein Thorup, CEO of Avantor AS.

CapMan Infra’s investment focus is core and core+ infrastructure assets in the energy, transportation and telecom sectors in the Nordics.

SEB Corporate Finance acted as the financial advisor and Simonsen Vogt Wiig as the legal advisor to CapMan Infra in the transaction. EY Corporate Finance acted as the financial advisor and Thommessen as the legal advisor to Avantor in the transaction.

The transaction is expected to close by end of February 2020 and is subject to customary regulatory approvals.

For further information, please contact:

Pekko Haaksluoto, Senior Investment Manager, CapMan Infra, tel: +358 40 584 6031

Øystein Thorup, CEO, Avantor AS, tel: +47 958 43 834

About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value creation. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate assets and created substantial value in these businesses and assets over the past 30 years. With over €3 billion in assets under management, our objective is to provide attractive returns and innovative solutions to investors. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover Private Equity, Real Estate and Infra. We also have a growing service business that includes procurement services, fundraising advisory, and analysis, reporting and wealth management services. Altogether, CapMan employs 140 people in Helsinki, Stockholm, Copenhagen, London and Luxembourg. www.capman.com

About Avantor

Avantor is a leading property developer who currently owns approximately 250,000m2 commercial property, mostly located in the Nydalen region in Oslo, but also in Kristiansand and Tønsberg. Since the early 1990s, Avantor has had an integral role in transforming Nydalen from being an industrial cluster to a highly attractive area for businesses, households and students, and has over the period developed more than 600,000m2 in the district. Avantor’s focus on sustainability has been an important part of the development of Nydalen, and with this in mind, Nydalen Energi was established in 2002 in order to provide the growing district with green heating and cooling. Avantor’s main office is located in Nydalen, where approximately 40 people are employed. www.avantor.no

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General Fusion Closes $65M of Series E Financing – Gimv contributes to the search of an answer for a carbon-free energy future

GIMV

Funding Enables the Company’s Fusion Demonstration Plant

VANCOUVER, Canada – General Fusion announced that it has successfully
closed USD$65 million of Series E equity financing. The financing was led by
Temasek, a global investment company headquartered in Singapore.
This USD$65 million of new financing, together with the release of CAD$50
million in additional investment from Canada’s Strategic Innovation Fund,
enables the Company to formally launch the program to design, construct, and
subsequently operate its Fusion Demonstration Plant. This prototype facility is
intended to confirm the performance of General Fusion’s magnetized target
fusion technology in a power plant relevant environment. Pursuit of this next
important step toward commercially viable fusion energy reflects the growing
global collaboration between public and private stakeholders in this
transformative technology. General Fusion has attracted more than USD$200
million in funding to develop its practical approach to fusion energy.

“The world is pivoting toward fusion as the necessary complement to other
technologies which, collectively, will enable the carbon-free energy future we
all need,” said Chief Executive Officer Christofer Mowry.

“The success of our financing is further evidence that the global stakeholders in this endeavor are leaning into this challenge with action. We are proud and honored that
Temasek and our other investors have demonstrated their confidence in Share General Fusion with this funding.”

In addition to Temasek, the Cleantech Practice of Business Development Bank
of Canada (BDC), the DLF Group, Gimv, I2BF Global Ventures, Disruptive
Technology Advisers (who also assisted the Company in the financing), Hatch and several individual impact investors have become new investors in General Fusion.

They were joined in this Financing by many existing international
investors in the Company, including Chrysalix Energy Venture Capital, Bezos
Expeditions, Khazanah Nasional Berhad, Braemar Energy Ventures,
Entrepreneurs Fund, and SET Ventures.

About General Fusion
General Fusion is pursuing the fastest and most practical path to commercial
fusion energy, and is based in Vancouver, Canada, with locations in Washington
D.C., and London, U.K. The company was established in 2002 and is funded by
a global syndicate of leading energy venture capital firms, industry leaders, an technology pioneers.

Learn more at www.generalfusion.com.

About Temasek
Temasek is an investment company with a net portfolio value of S$313 billion
(US$231 billion) as at 31 March 2019. Temasek actively seeks sustainable
solutions to address present and future challenges, as it seeks to capture
investment and other opportunities that help to bring about a better, smarter
and more sustainable world. Headquartered in Singapore, Temasek has 11
offices around the world Beijing, Hanoi, Mumbai, Shanghai and Singapore in
Asia; and London, New York, San Francisco, Washington D.C., Mexico City, and
Sao Paulo outside Asia. For more information on Temasek, please visit
www.temasek.com.sg.

Contact:
To interview a General Fusion spokesperson, please contact:
Paul Sullivan
Office: +1 604 685 4742
Mobile: +1 604 603 7358
paul.sullivan@generalfusion.com

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EQT and Temasek launch O2 Power, a renewable energy platform in India

eqt

  • EQT Infrastructure and Temasek establish O2 Power, a renewable energy platform in India
  • O2 Power will be led by CEO Parag Sharma and have an experienced management team, possessing strong local knowledge and a proven track record of renewable projects in India

Singapore, 22 January 2020 – The EQT Infrastructure IV fund (“EQT” or “EQT Infrastructure”) and Temasek today announced the establishment of O2 Power (or “the Platform”), a renewable energy platform in India. O2 Power will target over four gigawatts of installed capacity across solar and wind and has received total commitments of USD 500 million in equity from EQT and Temasek to be deployed over the coming years.

Headquartered in Gurgaon in the Northern Indian state of Haryana, O2 Power will focus on developing utility scale renewable projects across solar, wind, and hybrid with good quality off-takers via both Greenfield project development and M&A.

The Platform will be led by Parag Sharma as CEO together with an experienced management team consisting of Peeyush Mohit as COO, Nimish Agrwal as Head, Solar and Rakesh Garg as Head, Wind, all with strong local knowledge and proven track records of executing renewable energy projects in India.

The investment in the Platform is in line with EQT’s thematic approach to invest in sustainable solutions, guided by the United Nations’ Sustainable Development Goals (SDGs). The Platform contributes to society by providing households with renewable energy hence addressing the SDG 7 – ensure access to affordable, reliable, sustainable and modern energy for all.

Fabian Gröne, Partner at EQT Partners and Investment Advisor to EQT Infrastructure, commented: “India presents significant investment opportunities being the second largest renewable energy market in the world and EQT is delighted about teaming up with Temasek and O2 Power. CEO Parag Sharma and his management team have a successful  track record and EQT looks forward to work together in creating a future-proofed renewable energy platform. This is not only EQT Infrastructure’s first investment in India, it is also well in line with our ambitions to contribute to a cleaner future.”

Nagi Hamiyeh, Joint Head, Investment Group at Temasek, added: “We seek opportunities to invest in solutions that contribute to a better and more sustainable world. The partnership with EQT to establish O2 Power is consistent with our focus on sustainable living, and in particular, the development of eco-conscious energy solutions.”

Parag Sharma, CEO of O2 Power, concluded: “We are excited about joining forces with EQT Infrastructure and Temasek. Besides capital from two of the most prominent investors in the world, we are looking forward to leverage their know-how and industry relationships to support the development of the O2 Power platform.”

With this transaction, EQT Infrastructure IV is expected to be 60-65 percent invested.

Contact
Fabian Gröne, Partner at EQT Partners and Investment Advisor to EQT Infrastructure, +65 6595 1831
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334
Temasek Media Team, media@temasek.com.sg

About EQT
EQT is a differentiated global investment organization with more than EUR 62 billion in raised capital and around EUR 41 billion in assets under management across 19 active funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 21 billion and approximately 127,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on Twitter and LinkedIn

About Temasek
Temasek is an investment company with a net portfolio value of S$313 billion (US$231 billion) as at 31 March 2019. Temasek’s Charter roles as an investor, institution and steward, shape its investment stance, ethos and philosophy, to do well, do right and do good. Its investment philosophy is anchored around four key themes – Transforming Economies, Growing Middle Income Populations, Deepening Comparative Advantages, Emerging Champions.

Temasek actively seeks sustainable solutions to address present and future challenges, as it capture investment and other opportunities that help to bring about a better, smarter and more sustainable world.

Temasek has had an overall corporate credit ratings of Aaa/AAA by rating agencies Moody’s Investors Service and S&P Global Ratings respectively, since inaugural credit ratings in 2004.

Headquartered in Singapore, Temasek has 11 offices around the world: Beijing, Hanoi, Mumbai, Shanghai and Singapore in Asia; and London, New York, San Francisco, Washington D.C., Mexico City, and Sao Paulo outside Asia.

For more information on Temasek, please visit www.temasek.com.sg


This release was sent by Cision

https://news.cision.com/eqt/r/eqt-and-temasek-launch-o2-power–a-renewable-energy-platform-in-india,c3014442

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Partners Group to acquire European renewable energy developer VSB Group

Partners Group

Partners Group, the global private markets investment manager, has, on behalf of its clients, agreed to acquire an 80% equity stake in VSB Group (“VSB” or “the Company”), a leading European developer, owner and operator in the renewable energy sector. VSB’s founder will retain the remaining equity stake alongside Partners Group.

Founded in 1996, VSB operates throughout the renewable energy value chain, from the development of projects, to asset management and the technical and commercial management of operational sites, as well as having a broad offering in energy solutions. VSB has successfully developed and built over 1.1GW of onshore wind and solar PV generating assets to-date and manages over 1.4GW of wind assets. VSB has successfully expanded from its headquarters in Dresden, Germany, to become a European renewable platform active in eight countries with over 300 employees, 19 offices and ten service hubs. The transaction value includes a significant allocation to fund future growth, allowing for the option to retain ownership of assets and develop an Independent Power Producer.

Andreas Dorner, Founder and Managing Director, VSB Group, says: “VSB has enjoyed great success to-date as an independent, multinational company. However, given the vast opportunity for renewable energy, we wanted a like-minded partner to accelerate our next phase of growth. In Partners Group, we have found a global partner with significant operational resources and a wealth of international experience in hands-on renewable energy investment. We are looking forward to building on our shared values as we grow VSB together.”

David Daum, Member of Management, Private Infrastructure Europe, Partners Group, states: “We are very excited to partner with VSB to support its continued growth at a time when climate change sits high on political and social agendas. The Company’s proven development track record, strong and engaged management team, and sizable project pipeline make it an excellent fit for Partners Group’s platform expansion strategy. VSB is very well-positioned to capitalize on increased demand for environmentally-friendly sources of energy throughout Europe; we believe it has potential to become the preeminent European renewable energy platform. We will work closely with the management team to realize this ambition by leveraging our experience of institutionalizing businesses to accelerate the conversion and development of VSB’s renewable energy pipeline.”

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DIF Capital Partners agrees to sell a portfolio of French PPPs

DIF

DIF Capital Partners (“DIF”) is pleased to announce that DIF Infrastructure III (“DIF III”) has agreed to sell a portfolio of eight operational PPPs in France to 3i European Operational Projects Fund.

The portfolio consists of significant shareholdings in three educational facility projects, one multimodal train station project, one fire station project (consisting of 12 fire stations), two prison projects (consisting of three prison facilities each) and one sewer project. The projects are operational under availability-based and long term contracts, with the exception of the sewer concession project, and are all backed by strong public counterparties. Six of the eight projects were developed and acquired by DIF III as greenfield projects, and have been successfully managed into stable operational projects during DIF’s ownership.

Andrew Freeman, Head of Exits, said: “We are pleased with the sale of the portfolio that was successfully optimized throughout the life of the assets and exited via a competitive portfolio sales process. The sale represents a further underpinning of DIF’s long standing track record in the French infrastructure market and is an attractive exit for DIF III.”

DIF was advised by KPMG (M&A, Tax & Accounting), Allen & Overy (Legal) and Currie & Brown (Technical) and Egis (Technical for the sewer project).

Closing of the transaction is subject to receipt of certain customary project-counterparty approvals and antitrust consent.

About DIF Capital Partners

DIF is an independent infrastructure fund manager, with €6.0 billion of assets under management across eight closed-end infrastructure funds and several co-investment vehicles. DIF invests in greenfield and brownfield infrastructure assets located primarily in Europe, the Americas and Australasia through two complementary strategies:

  • DIF Infrastructure funds target equity investments in public-private partnerships (PPP/PFI/P3), concessions, utilities and renewable energy projects with long-term contracted or regulated income streams.
  • DIF CIF funds target equity investments in small to mid-sized infrastructure assets in the energy, transportation and telecom sectors with mid-term contracted income streams.

DIF has a team of over 135 professionals, based in nine offices located in Amsterdam (Schiphol), Frankfurt, London, Luxembourg, Madrid, Paris, Santiago, Sydney and Toronto. Please visit www.dif.eu for further information.

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

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Ardian and OX2 switch to N149/5.X turbines at Swedish 286 MW Åndberg wind farm

Ardian

In December 2019, Ardian, a leading private investment house, and OX2, a leading Nordic developer, signed an agreement with Nordex to utilize more powerful turbines at the Åndberg windfarm

Hamburg, 10 January 2020 – Ardian and Nordic developer OX2 are relying, for the first time, on Nordex turbines of the 5 MW class for the 286 MW wind farm “Åndberg”. The Nordex Group had already booked this order comprising 53 turbines as order intake in 2019, at that time on the basis that N149/4.0-4.5 turbines of the 4-MW class would be used. In December 2019, the customers and Nordex signed a contract for the use of even more powerful turbines at the wind farm. This makes the Åndberg project the first wind farm using the new N149/5.X turbine, which the Nordex Group introduced in March 2019.

Åndberg is currently being constructed in the province of Härjedalen, near Lillhärdal in western Sweden. The wind farm was sold to Ardian, a leading international private investment company, in February 2019 and forms part of their Nordic sustainable energy investment platform, eNordic. Following its completion in 2021, Åndberg will annually provide clean electricity in excess of 800 GWh, making it one of the largest wind farms in Sweden. Developer OX2 delivers the wind farm through an engineering and construction (EPC) agreement with Ardian.

Simo Santavirta, Head of Asset Management, Ardian Infrastructure, says: “These new turbines are innovative engineering, delivering impressive power, flexibility and efficiency. We are always looking to use the very best technological solutions for our assets and these turbines are a good example of this”.

Paul Stormoen, CEO at OX2 says: “We have a long-standing relationship with Nordex and are happy to see them continuing to develop competitive turbines suitable for the growing Nordic market.”

“We are pleased that OX2 has again opted for our wind turbines last year,” says Patxi Landa, CSO of the Nordex Group. “Technologically the N149/5.X is based on the N149/4.0-4.5 turbine type from the Delta4000 series. The N149/5.X can also be flexibly operated in different modes, depending on project requirements – and now in the 5+ MW power range too.”

The Nordex Group – a profile

The Group has installed more than 27 GW of wind energy capacity in over 40 markets and in 2018 generated revenues of EUR 2.5 billion.  The company currently has more than 6,000 employees. The joint manufacturing capacity includes factories in Germany, Spain, Brazil, the United States, India, Argentina and Mexico. The product portfolio is focused on onshore turbines in the 2.4 to 5.X MW class, which are tailor-made for the market requirements of countries with limited space and regions with limited grid capacity.

About OX2

OX2 develops, builds and manages renewable power generation. OX2 has taken a leading position in large-scale onshore wind power over the past 15 years, having generated more than 2 GW of wind power in the Nordic region. By constantly increasing access to renewable energy, OX2 is promoting the transition towards a more sustainable future. OX2 has operations in Sweden, Norway, Finland, Poland, Lithuania, France and Germany. Its head office is located in Stockholm, Sweden. Sales revenue in 2018 amounted to EUR 403 million.

About Ardian

Ardian is a world-leading private investment house with assets of US$96bn 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 550 employees working from fifteen 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 and Seoul). It manages funds on behalf of around 800 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

About eNordic

eNordic is the Nordic’s first sustainable energy platform, formed by a partnership between Ardian, a world-leading private investment house, and leading domestic industry executives. Through a local, responsible and agile investment approach, eNordic enables the transformation of the energy sector through long-term partnerships with those that develop or operate sustainable energy projects in the Nordics. It invests in opportunities in wind, biomass, hydro and district heating, in addition to traditional energy assets that have the potential to be transformed or managed in a particularly sustainable way. eNordic is based in Sweden and Finland, with local teams operating throughout the Nordics region.

For more information, please contact:

Nordex SE
Felix Losada
Phone: +49 (0)40 / 300 30 – 1141
flosada@nordex-online.com

Contacts for investors:

Nordex SE
Felix Zander
Phone: +49 (0)40 / 300 30 – 1116
fzander@nordex-online.com
Ardian/eNordic
Headland
Carl Leijonhufvud

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KKR to Acquire Significant Stake in Canada’s Coastal GasLink Pipeline Project

KKR

CALGARY, Alberta & NEW YORK–(BUSINESS WIRE)–Dec. 26, 2019– KKR, a leading global investment firm, today announced the signing of a definitive agreement to acquire, alongside Alberta Investment Management Corporation (AIMCo), a 65 percent equity interest in the Coastal GasLink Pipeline Project (Coastal GasLink or the Project) from TC Energy Corporation.

Coastal GasLink involves the estimated CAD $6.6 billion construction of 670 kilometers (416 miles) of natural gas pipeline and associated facilities. Once completed, the pipeline will have an initial capacity of 2.1 billion cubic feet per day and connect abundant Western Canadian Sedimentary Basin natural gas supply from the Dawson Creek, B.C. area to the LNG Canada liquefaction and export facility being constructed in Kitimat, B.C. By displacing coal and diesel-fueled generation with cleaner burning natural gas, LNG Canada expects to reduce global GHG emissions by up to 60-90 million tonnes per year, equivalent to 20-40 coal plants being shut down.

All necessary regulatory permits have been received for the Project and construction activities have commenced. Coastal GasLink is backed by 25 year Transportation Service Agreements with the five LNG Canada owners.

“We are excited to partner with TC Energy, a world class infrastructure developer, on this critical project,” said Brandon Freiman, Member and Head of North American Infrastructure at KKR. “Coastal GasLink represents our third investment in infrastructure supporting Canada’s natural gas industry. We believe the export of Canadian natural gas to global markets will deliver significant benefits for the Canadian economy and local communities in Western Canada, and enable meaningful progress toward reducing global emissions.”

KKR is making the investment primarily through a separately managed infrastructure account in partnership with the National Pension Service of Korea (NPS).

HSBC Securities (Canada) Inc. and TD Securities Inc. are serving as financial advisors to KKR, and Osler, Hoskin & Harcourt LLP is acting as KKR’s legal counsel.

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 partners 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. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

About NPS

NPS is a public pension fund in South Korea with assets under management of KRW 714.3 trillion ($620 billion) as at September 30, 2019. Established in 1988, the purpose of the fund is to maximize investment return while maintaining long-term fiscal stability to stabilize and promote public livelihood and welfare in Korea. With a distinct risk-return profile from traditional asset classes, alternative investments portfolio of NPS has contributed to generating sustainable returns for the total portfolio. NPS is headquartered in Korea and has 3 overseas offices in New York, London, and Singapore. For more information about NPS, please visit fund.nps.or.kr.

Source: KKR

Media:
KKR
Kristi Huller or Cara Major
212-750-8300
media@kkr.com

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DIF Capital Partners closes acquisition of Cerro Grande wind farm in Uruguay

DIF

DIF Capital Partners (“DIF”), through its most recent fund DIF Infrastructure V, is pleased to announce the 100% acquisition of the 50 MW Cerro Grande wind farm in Uruguay from Enercon and eab New Energy.

The project, comprising 22 turbines, has been operational since January 2018 and benefits from a 20-year power purchase agreement with UTE, Uruguay’s state-owned utility. The project will continue to be maintained by Enercon under a long-term agreement and asset management services continue to be delivered by SEG Heliotec.

Following the recent opening of its Latin American office in Santiago (Chile), this marks DIF’s first investment in Uruguay and fits well within DIF’s mandate as the investment is in an operational wind project with long-term contracted off-take.

Daniel Aninat, Managing Director and head of DIF’s South American operations added: “We are very pleased to acquire our first renewable energy project in South America. The transaction is the result of our strong relationship with Enercon and we believe this investment is attractive for DIF’s investors due to the long-term project agreements that provide a high degree of predictability of future cash flows.”

DIF has been advised by Voltiq (financial), Hughes & Hughes and Gómez-Acebo & Pombo (legal), DNV GL (technical), KPMG (tax) and Mazars (model audit). Enercon was advised by Ficus Capital.

About DIF Capital Partners

DIF is an independent infrastructure fund manager, with €6.0 billion of assets under management across eight closed-end infrastructure funds and several co-investment vehicles. DIF invests in greenfield and brownfield infrastructure assets located primarily in Europe, the Americas and Australasia through two complementary strategies:

  • DIF Infrastructure funds target equity investments in public-private partnerships (PPP/PFI/P3), concessions, utilities and renewable energy projects with long-term contracted or regulated income streams.
  • DIF CIF funds target equity investments in small to mid-sized infrastructure assets in the energy, transportation and telecom sectors with mid-term contracted income streams.

DIF has a team of over 135 professionals, based in nine offices located in Amsterdam (Schiphol), Frankfurt, London, Luxembourg, Madrid, Paris, Santiago, Sydney and Toronto. Please visit www.dif.eu for further information.

Contact:
Thijs Verburg, Investor Relations & Business Development
Email: t.verburg@dif.eu

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Tikehau Capital signs an agreement for the acquisition of Acek Energias Renovables’ biomass activities

Tikehau

Madrid, 20 December 2019 – Tikehau Capital, through its private equity fund dedicated to energy transition, has signed an agreement to invest in the biomass assets of Acek Energias Renovables.
The transaction, representing an enterprise value of €81m (in addition to earn-outs), is the first investment of Tikehau Capital’s private equity funds in Spain and aims at creating a leading pan-European integrated bioenergy player.
Acek Energias Renovables established in 2009 its biomass division, which is a vertically integrated platform focused on the engineering, construction, operation and maintenance of biomass energy plants (power, heat or combined heat and power), as well as the supply of biomass.

The transaction includes the 17MW biomass plant in Garray (Soria), several long-term operation and maintenance contracts in Spain and Portugal, as well as its industry-leading engineering business in Puerto de Santa Maria (Cadiz).
The acquired business employs over 120 people and generated a turnover of €64m in 2018.
Tikehau Capital seeks to accelerate the company’s growth, developing a robust pipeline of opportunities to create a leading bioenergy player focused on regulated and non-regulated markets. The company will continue to be led by Mr. Emilio López Carmona, who created and led the expansion of the biomass business of Acek Energias Renovables since 2009 and before that, Valoriza Energia.
This acquisition is made through Tikehau Capital’s Energy Transition Fund, a pan-European private equity fund focused on the development, transformation and international expansion of medium-sized energy transition companies across three verticals: Clean Energy Value Chain, Low Carbon Mobility and Energy Efficiency, Storage and Digitalisation.

Tikehau Capital’s first private equity deal in Spain
The acquisition is the first Private Equity transaction made by Tikehau Capital in Spain, representing a significant milestone and demonstrating its commitment to invest in this asset class in the region.
Emilio López Carmona, Head of the biomass division of Acek Energias Renovables said: “We share values and commitment with Tikehau Capital to face the challenge of a carbon neutral and sustainable economy. It is a very important step that will release the potential of our organization to provide integrated solutions in the bioenergy and circular economy sectors in Europe”.

Emmanuel Laillier, Head of Private Equity at Tikehau Capital, said: “We are delighted to invest in the biomass assets of Acek Energias Renovables. It is crucial that companies which can have a direct impact on the environment today have the necessary means to grow. Equity investment, which Tikehau Capital provides, is an effective way to support energy transition actors unlocking entire value chains by giving them the means to develop solutions to drive the decarbonisation of the energy sector”.
Carmen Alonso, Head of Iberia at Tikehau Capital, said: “We are pleased to invest in an integrated platform in the biomass sector in Spain and Portugal. The company enters a new phase supported by Tikehau Capital. Alongside its management team, we aim at creating a leading integrated bioenergy player”.

About Tikehau Capital:
Tikehau Capital is an asset management and investment group with €24.3bn of assets under management (as at 30 September 2019) and shareholders’ equity of €3.1bn (as at 30 June 2019). The Group invests in various asset classes (private debt, real estate, private equity and liquid strategies), including through its asset management subsidiaries, on behalf of institutional and private investors. Controlled by its managers, alongside leading institutional partners, Tikehau Capital employs more than 500 staff (as at 30 September 2019) in its Paris, London, Amsterdam, Brussels, Luxembourg, Madrid, Milan, New York, Seoul, Singapore and Tokyo offices.
Tikehau Capital is listed on the regulated market of Euronext Paris, Compartment A (ISIN code: FR0013230612; Ticker: TKO.FP)
www.tikehaucapital.com

Press Contacts:
Tikehau Capital: Julien Sanson +44 20 3821 1001
Finsbury: Arnaud Salla & Charles O’Brien +44 207 251 3801
press@tikehaucapital.com
Shareholders and Investors Contact:
Louis Igonet – +33 1 40 06 11 11
shareholders@tikehaucapital.com

Disclaimer
This transaction was carried out by TIKEHAU INVESTMENT MANAGEMENT SAS (on behalf of the funds that it manages), a portfolio management company approved by the AMF since 19/01/2007 under number GP-0700000006.
This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed.
Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of Tikehau Capital and/or its affiliates. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to Tikehau Capital’s advisory activities in the US or with respect to US persons relates to Tikehau Capital North America.

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EQT completes sale of Contanda

eqt

  • EQT Infrastructure has sold Contanda, a premier provider of liquid bulk storage solutions in North America, to institutional investors advised by J.P. Morgan Asset Management
  • During EQT Infrastructure’s ownership, Contanda has experienced substantial growth, particularly in its core Gulf Coast and West Coast positions, and further professionalized operations via systems implementation and upgrades

The EQT Infrastructure II fund (“EQT” or “EQT Infrastructure”) today announced that it has completed the sale of Contanda LLC (“Contanda” or the “Company”) to institutional investors advised by J.P. Morgan Asset Management.

Acquired in February 2013, Contanda is a premier provider of storage and customized storage related services to owners of bulk liquid products, with a strong market position in the petrochemical, renewable energy and agricultural commodity sectors. Headquartered in Houston, Texas, Contanda has 15 terminals in North America with over seven million barrels of total storage capacity and approximately 275 employees. Contanda’s terminals are strategically located near deep water ports and transportation infrastructure, providing customers access to critical shipping lanes and distribution networks.

Together with the management team, EQT has supported Contanda in accelerating its growth trajectory. During EQT Infrastructure’s ownership, Contanda has strengthened its foothold by expanding capacity, enhancing product diversity, and strengthening operating capabilities. As part of increasing Contanda’s runway for continued future organic growth, EQT has supported the Company in adding new terminal sites in Houston and Stockton, which enable Contanda to progress towards its ambition of more than doubling its current capacity.

Jan Vesely, Partner at EQT Partners and Investment Advisor to EQT Infrastructure, commented: “Contanda has undergone a significant transformation over the past few years. While significantly diversifying its product base and growing in key US markets, Contanda has built a culture of safe operations and uncompromising customer focus. With an experienced team and existing and new strategic assets in place, the Company is well-positioned to execute against the next phase of its growth plan.”

G.R. “Jerry” Cardillo, CEO of Contanda, said: “We have enjoyed a fantastic partnership with EQT over the past six years and have benefitted from their support, vision and vast experience in the bulk liquid storage business. With the support of EQT, Contanda has grown significantly, in terms of both our footprint and capabilities, and we look forward to working with our new partners as we continue on our growth journey.”

Goldman Sachs acted as financial advisor and Simpson Thacher & Bartlett LLP as legal advisor to Contanda and EQT Infrastructure.

Contact
Jan Vesely, Partner at EQT Partners and Investment Advisor to EQT Infrastructure, +1 917 281 0850
US media inquiries: Stephanie Greengarten, +1 646 687 6810, stephanie.greengarten@eqtpartners.com
International media inquiries: EQT Press Office, +46 8 506 55 334, press@eqtpartners.com

About EQT
EQT is a differentiated global investment organization with more than EUR 62 billion in raised capital and around EUR 41 billion in assets under management across 20 active funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 21 billion and approximately 127,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
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About Contanda
Headquartered in Houston, Texas, Contanda is a premier provider of storage and logistics services to owners of bulk liquid products in North America. The Company has over 7 million barrels of storage capacity across 15 terminals in North America. The business is focused on growth in the petrochemical, hydrocarbon, and renewable markets while maintaining a leading market position in the petroleum, chemical, agricultural commodity sectors.

More info: www.contanda.com

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