Tag Archives: infrastructure

Diverso Energy forms strategic partnership with Mattamy Homes

DIF

Borefield Mock Up The Clove

CVC DIF’s Diverso Energy forms strategic partnership with Mattamy Homes to accelerate geothermal heating and cooling in Canada

  • The newly formed strategic partnership will be the exclusive ground source heating and cooling utility provider to select Mattamy residential developments in Canada.
  • Mattamy is one of North America’s largest privately owned homebuilders, with more than 2,300 residential homes under construction in Canada that will serve as seed assets to the partnership and provide a strong foundation for future growth.
  • The partnership will deliver energy-efficient, cost-effective and low-carbon heating and cooling to Canadian homeowners.

CVC DIF, the infrastructure strategy of leading global private markets manager CVC, is pleased to announce the formation of a strategic partnership between its ground source heating and cooling (“geoexchange”) platform Diverso Energy (“Diverso”), the leading geoexchange utility in North America, and Mattamy Homes (“Mattamy”), one of the largest privately owned homebuilders in North America and an industry leader in sustainable low-carbon homebuilding.

The strategic partnership will make Diverso the exclusive geothermal provider for select Mattamy residential developments across Canada, spanning a range of single- and multi-family low-rise, mid-rise, and high-rise developments. As part of the groundbreaking partnership, Mattamy will also contribute its existing portfolio of operating and under construction geoexchange systems serving more than 2,300 residential units as seed assets to the partnership. It will ensure that homeowners can benefit from reliable, cost-effective and energy efficient heating and cooling solutions for decades to come, while aligning with the parties’ industry leading commitments to sustainability and decarbonization.

Brad Carr, CEO of Mattamy Homes, shares: “We look forward to working with the team at Diverso to expand our capabilities of delivering geothermal heating and cooling to our Mattamy homeowners, with a focus on reducing carbon emissions across our communities in Canada.”

Tim Weber, CEO of Diverso, notes: “This partnership marks a significant milestone for Diverso and we are thrilled to partner with Mattamy Homes, a company that shares our commitment to sustainability and innovation. This partnership will not only enhance the value proposition for Mattamy’s homeowners but also accelerate the adoption of geoexchange technology in residential developments across Canada. We look forward to working alongside Mattamy to support decarbonization across its strong pipeline of residential developments.”

Gijs Voskuyl, Managing Partner of CVC DIF, further highlights CVC DIF’s approach to scaling its platforms: “This strategic partnership continues to build on CVC DIF’s long standing track record of active value creation in supporting its portfolio companies’ growth and innovation, alongside world-class partners like Mattamy Homes. For our investors, the partnership represents a unique opportunity to add strategic scale to Diverso and grow its asset base, while underscoring our collective commitment to sustainability. We look forward to continuing to support Diverso in this collaboration with Mattamy and believe it will set a new standard in the geoexchange industry.”

CVC DIF, through its DIF Infrastructure VII fund, acquired a majority interest in Diverso in 2023 from its founders, who have continued to lead the company. Since then, CVC DIF has supported Diverso and its leadership team in becoming the leading geoexchange utility in North America. Diverso offers its unique geoexchange heating and cooling solution through an Energy-as-a-Service model, underpinned by long-term contracts.

About CVC DIF

CVC DIF (formerly DIF Capital Partners) is a leading global mid-market infrastructure equity fund manager.

Founded in 2005 and headquartered in Amsterdam, the Netherlands, CVC DIF has c. €19 billion of infrastructure assets under management in energy transition, transport, utilities and digitalisation.

With over 250 people in 12 offices, CVC DIF offers a unique market approach, combining a global presence with the benefits of strong local networks and sector-focused investment capabilities.

CVC DIF forms the infrastructure strategy of leading global private markets manager CVC. This partnership allows CVC DIF to benefit from CVC’s global platform, with 30 offices across five continents.

Press contacts

CVC DIF

Renate Klöters

press@dif.eu

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Sale Of Shares In Netel Holding AB

IK Partners

Cinnamon International S.à r.l. (whose majority shareholder is the IK VII Fund) (“IK Partners”) has successfully completed the sale of 22,641,829 ordinary shares in Netel Holding AB (publ), equal to approximately 46.7 percent of the share capital and votes of Netel, at a price of SEK 8.50 per share.

The shares were sold to a broad group of investors, including among others Etemad Group AB, Netel’s CEO and President Jeanette Reuterskiöld and CFO Fredrik Helenius. Other investors participating in the sale include, among others, TAMT AB, Stefan Lindblad, S- bolagen AB, Santhe Dahl Invest AB, Bernt Ivarsson and Cicero Fonder.

“We would like to thank IK Partners for their support during Netel’s growth journey,” says Alireza Etemad, Chairperson of Netel. “I am pleased to see strong commitment and trust from Board members, management, as well as new and existing shareholders for the future of Netel. We look forward to supporting Netel as it continues to deliver on its strategy as a leading specialist in critical infrastructure in Northern Europe.”

Following the sale, IK Partners no longer holds any shares in Netel.

Polar Advisory acted as Sole Manager and Bookrunner in the sale.

Contacts

Jeanette Reuterskiöld, President and CEO, +46 (0) 702 28 03 89, jeanette.reuterskiold@netel.se
Fredrik Helenius, CFO, +46 (0) 730 85 52 86, fredrik.helenius@netel.se
Åse Lindskog, IR, +46 (0) 730 24 48 72, ase.lindskog@netelgroup.com

About Netel

With 25 years of experience, Netel is a leader in the development and maintenance of critical infrastructure within Infraservices, Power and Telecom in Northern Europe. We are involved in the entire value chain from design, production and maintenance of our customers’ facilities. We are dedicated to securing an accessible and reliable future, where technology unites and transforms society. Netel reported net sales of SEK 3,300 million in 2024 and the number of employees in the group is about 840. Netel is listed on Nasdaq Stockholm since 2021. Read more at netelgroup.com.

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Revera Launches as Independent Energy Infrastructure Platform Backed by Carlyle

Carlyle

Sydney, Australia and London, UK, May 19, 2025 – Global investment firm Carlyle (NASDAQ: CG) today announced the launch of Revera Energy (“Revera”), an independent energy infrastructure solutions platform backed by Carlyle Global Infrastructure.

Revera focuses on developing, building, owning, and operating energy infrastructure projects, including its current portfolio, which comprises projects carved out and acquired from Amp Energy in Australia and the UK. With an emphasis on battery storage, renewable power, and green hydrogen, the platform seeks to provide sustainable and resilient energy infrastructure solutions in Australia and the UK. Revera benefits from existing relationships with top-tier financing partners, including Nomura Infrastructure & Power, the Commonwealth Bank of Australia (“CBA”), Westpac Institutional Bank (“Westpac”), Natixis CIB, and Export Development Canada (“EDC”).

In Australia, the platform is constructing stage 1 of the 250MW / 700MWh Bungama battery storage project in South Australia (“SA”) and is advancing a significant development pipeline of more than 750MW of battery storage, 2.3GW of solar, and 1.4GW of wind projects across Australia’s National Energy Market (“NEM”), as well as the 1GW Cape Hardy Green Hydrogen Project in SA. Revera is also managing and has provided financing to 158MW of operating solar farms in New South Wales.

In the UK, Revera is advancing more than 1.2GW of late-stage battery storage projects designed to strengthen grid resiliency and support national decarbonization goals. Revera’s UK platform is supported by strong market tailwinds, including growing and resilient demand for grid stability services.

“We are excited about the launch of Revera Energy and believe it marks a new growth phase for the platform’s dedicated staff and leadership team, and strengthens existing project commitments. We plan to leverage the expertise and resources of Carlyle’s global infrastructure platform to help accelerate Revera’s growth and to expand its portfolio of diversified energy projects,” said Richard Hoskins, Chairman of Revera Energy and Managing Director in Carlyle’s Infrastructure Group. “I look forward to working closely with Revera’s leadership team to further identify and capture compelling energy infrastructure opportunities in both Australia and the UK.”

“Nomura is proud to partner with the Revera Energy team, bringing our structuring expertise and intellectual capital to support the growth of their global platform while delivering risk-adjusted returns for all stakeholders,” said Vinod Mukani, Global Head of Nomura’s Infrastructure & Power Business (“IPB”). “Nomura remains dedicated to providing bespoke capital solutions for high-quality assets and world-class partners like the Revera team.”

Alain Halimi, Managing Director, Nomura IPB, said, “We are excited to support Revera Energy, as it brings together innovative energy solutions under Carlyle’s ownership. Revera has been very successful in developing a diverse development pipeline, which will support grid resiliency and energy transition goals across multiple jurisdictions.”

Carlyle Global Infrastructure is an integrated platform with over $7.6 billion under management, which brings together the firm’s scale, global supply chain relationships, and capabilities to capture significant infrastructure investment opportunities globally. The platform is diversified across all major infrastructure sectors, with notable investments including Copia Power (a US power and digital infrastructure company that has raised over $5 billion to support its 2,600MW operating and under-construction energy campus portfolio, as well as its multi-GW development pipeline); NineDot Energy (New York City’s leading developer of community-scale battery storage systems enhancing grid resiliency); and Crescent Midstream (which is actively developing a 1GW carbon capture project in Louisiana through its Luna Carbon Solutions business unit).

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About Revera Energy
Revera Energy is a Carlyle-backed clean energy and infrastructure platform developing and operating utility-scale solar, battery storage, and other infrastructure projects in Australia and the United Kingdom. With experienced local teams and a strong development pipeline, Revera is committed to building the infrastructure that powers a more resilient and sustainable future.

Learn more at www.revera.energy.

 

About Carlyle
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $453 billion of assets under management as of March 31, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,300 people in 29 offices across four continents.

Further information is available at www.carlyle.com.

 

Media Contacts

Carlyle

Lonna Leong

Tel: +852 9023 1157

Email: lonna.leong@carlyle.com

 

Charlie Bristow

Tel: +44 (0) 7384 513568

Email: charlie.bristow@carlyle.com

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TXNM Energy Enters Agreement to be Acquired by Blackstone Infrastructure

Blackstone
  • Provides long-term infrastructure investment to support the continued build-out of PNM and TNMP in a rapidly changing energy environment, facilitating economic development during New Mexico’s transition to clean energy and continued growth in Texas
  • TXNM Energy, PNM and TNMP to remain locally managed and operated with headquarters in New Mexico and Texas, retain employees and honor all union labor agreements
  • Customer rates will continue to be set by state regulators
  • Customers to receive a detailed package of benefits that will be developed after thorough and transparent engagement with stakeholders in New Mexico and Texas
  • Blackstone Infrastructure provides long-term, patient capital and a commitment to strong investment grade credit metrics, aligned with TXNM Energy’s long-term financing strategy
  • Shareholders to receive $61.25 per share in cash upon closing

(ALBUQUERQUE, N.M.) – TXNM Energy (NYSE: TXNM) today announced an agreement under which Blackstone Infrastructure will acquire TXNM Energy for $61.25 per share in cash upon closing, reflecting a total enterprise value of $11.5 billion, including net debt (excluding securitization debt) and preferred stock.

TXNM Energy, through its subsidiaries PNM and TNMP, is focused on meeting the critical electricity infrastructure needs of its customers. PNM is supporting the evolution of its generation portfolio to meet New Mexico’s clean energy goals and is identifying opportunities to achieve the energy transition in a cost-effective manner for customers. TNMP has consistently increased its annual capital investments to meet sustained nation-leading growth levels in its Texas service territory. This transaction provides significant long-term capital to support these goals.

“Our successes at TXNM Energy have stemmed from a deliberate approach to investing in PNM and TNMP in a manner aligned with the priorities of our customers and communities. We’ve integrated new resources to supply over two-thirds of PNM electricity needs with carbon-free energy and supported double-digit demand growth at TNMP,” said Pat Collawn, Chair and CEO of TXNM Energy. “We are excited to form this long-term partnership with Blackstone Infrastructure to build upon these successes. We will continue to collaborate with customers, communities, legislators and regulators to achieve our shared goals for a reliable, resilient grid to support economic prosperity and clean energy.”

Blackstone Infrastructure, with its $60 billion of assets under management, is focused on investing behind North American infrastructure platforms and leveraging its scale and expertise to support the growth of its portfolio companies. Blackstone Infrastructure has perpetual capital with no obligation to sell its investments, and is focused on long-term, multi-decade partnerships with the companies and communities in which it invests. In 2023 and 2024 alone, Blackstone Infrastructure committed over $5 billion of equity to its portfolio companies. It is an experienced North American utility investor and recognizes the value of long-term investments in critical infrastructure that help communities thrive.

“We are excited to partner with Pat, Don and their fantastic team to accelerate growth at TXNM, and across New Mexico and Texas.” said Sean Klimczak, Global Head of Blackstone Infrastructure. “We are long-term investors who back industry-leading companies using our perpetual capital to support economic development. We are focused on being great long-term partners to the communities in which we invest, and we look forward to having the opportunity to engage in meaningful dialogue about how we can create win-win, growth-oriented investments across both states.”

Blackstone Infrastructure is funding the purchase price entirely with equity and does not anticipate increasing TXNM Energy leverage levels to fund the purchase of the company.

Valuing Customers, Employees and Communities
Blackstone Infrastructure intends to support TXNM Energy’s long-standing commitments to its customers, employees and communities, including:

  • Keeping Customers First: PNM and TNMP will continue to prioritize cost-effective solutions to provide safe, reliable power to meet customer needs across New Mexico and Texas. PNM and TNMP will continue to be regulated by the state and federal commissions, including the New Mexico Public Regulation Commission (NMPRC) and Public Utility Commission of Texas (PUCT). Detailed commitments, after meaningful engagement with stakeholders, will be included in state regulatory filings in the fall of 2025.

 

  • Retaining Teams: TXNM Energy, PNM and TNMP will remain locally managed and operated with commitments to retain our local workforce and honor our labor contracts with the International Brotherhood of Electrical Workers.

 

  • Maintaining Local Presence and Leadership: TXNM Energy, PNM and TNMP will remain independently operated with headquarters in New Mexico and Texas. The current management team will continue to lead the companies and remain the primary points of contact for customers, regulators and other stakeholders.

 

  • Sustaining Communities: TXNM Energy, PNM and TNMP will continue to make economic and charitable contributions across New Mexico and Texas, including to tribal and pueblo communities, and will support employees who volunteer and lead non-profit organizations helping our communities thrive.

Terms, Approvals and Timing
The purchase price of $61.25 per share represents a 23.0% premium to TXNM Energy’s unaffected 30-day volume weighted average price (VWAP) as of March 5, 2025, the day prior to an article reporting a developing acquisition for TXNM Energy.

Blackstone Infrastructure is also investing $400 million through the purchase of 8 million newly issued shares of TXNM Energy common stock at $50 per share, by way of a private placement agreement, to support TXNM Energy’s industry-leading growth plans. This issuance is expected to be completed in June 2025.

To support the funding of TXNM’s industry-leading growth rates, TXNM Energy expects to issue an additional $400 million of equity prior to closing of the transaction.

The transaction is funded through equity and assumption of existing debt, and no incremental debt will be issued as a result of the transaction.

Dividends payable to TXNM Energy shareholders are expected to continue through the closing of the transaction, subject to approval by the TXNM Energy Board of Directors.

The transaction was unanimously approved by TXNM Energy’s Board of Directors and is estimated to close in the second half of 2026, subject to TXNM Energy shareholder approval, regulatory approvals and other customary closing conditions. Regulatory approvals are required from the NMPRC, PUCT, Federal Energy Regulatory Commission, Department of Justice (Hart Scott-Rodino Clearance), Nuclear Regulatory Commission and Federal Communications Commission.

Leadership Changes
Pat Collawn will step down as Executive Chair upon closing of the transaction. Don Tarry will oversee the continuing operations of TXNM Energy as President and CEO.

Advisors
Wells Fargo is serving as lead financial advisor, Citi is also serving as a financial advisor, and Troutman Pepper Locke LLP is serving as legal advisor to TXNM Energy. RBC Capital Markets, LLC is serving as lead financial advisor and J.P. Morgan is also serving as a financial advisor to Blackstone Infrastructure. Kirkland & Ellis LLP is serving as legal advisor to Blackstone Infrastructure.

Conference Call
TXNM Energy will discuss today’s announcement during a live conference call and audio webcast today, Monday, May 19th at 12 p.m. Eastern.

The conference call will be simultaneously broadcast and archived on our website at https://www.txnmenergy.com/investors/events-and-presentations. Listeners are encouraged to visit the website at least 30 minutes before the event to register, download and install any necessary audio software.

Investors and analysts can participate in the live conference call by pre-registering using the following link: https://dpregister.com/sreg/10200131/ff33307f83. Telephone participants who are unable to pre-register may participate in the live conference call by dialing (877) 276-8648 or (412) 317-5474 fifteen minutes prior to the event and asking to join the TXNM Energy call.

2025 Ongoing Earnings Guidance
The equity to be issued as part of the transaction impacts TXNM Energy’s previously issued 2025 Ongoing Earnings Guidance. As a result, TXNM Energy is not affirming this guidance and does not plan to issue revised earnings guidance during the pending transaction.

About TXNM Energy
TXNM Energy (NYSE: TXNM), an energy holding company based in Albuquerque, New Mexico, delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. For more information, visit the company’s website at www.TXNMEnergy.com.

Contacts:
Analysts
Lisa Goodman
(505) 241-2160

Media
Corporate Communications
(505) 241-2743

About Blackstone Infrastructure
Blackstone Infrastructure is an active investor across energy, transportation, digital infrastructure and water and waste infrastructure sectors. We seek to apply a long-term buy-and-hold strategy to large-scale infrastructure assets with a focus on delivering stable, long-term capital appreciation together with a predictable annual cash flow yield. Our approach to infrastructure investing is one that focuses on responsible stewardship and stakeholder engagement to create value for our investors and the communities we serve.

Contact:
Paula Chirhart
Paula.Chirhart@Blackstone.com
347-463-5453

Forward-Looking Statements
Statements made in this press release that relate to future events or expectations, projections, estimates, intentions, goals, targets, and strategies are made pursuant to the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally include statements regarding the potential transaction between TXNM Energy and Blackstone Infrastructure, including any statements regarding the expected timetable for completing the potential transaction, the ability to complete the potential transaction, the expected benefits of the potential transaction, projected financial information, future opportunities, and any other statements regarding TXNM Energy’s and Blackstone Infrastructure’s future expectations, beliefs, plans, objectives, results of operations, financial condition and cash flows, or future events or performance. Readers are cautioned that all forward-looking statements are based upon current expectations and estimates. Neither Blackstone Infrastructure nor TXNM Energy assumes any obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, TXNM Energy caution readers not to place undue reliance on these statements. TXNM Energy’s business, financial condition, cash flow, and operating results are influenced by many factors, which are often beyond its control, that can cause actual results to differ from those expressed or implied by the forward-looking statements. For a discussion of risk factors and other important factors affecting forward-looking statements, please see TXNM Energy’s Form 10-K and Form 10-Q filings and the information filed on TXNM Energy’s Forms 8-K with the Securities and Exchange Commission (the “SEC”), which factors are specifically incorporated by reference herein and the risks and uncertainties related to the proposed transaction with Blackstone Infrastructure, including, but not limited to: the expected timing and likelihood of completion of the pending transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending transaction that could reduce anticipated benefits or cause the parties to abandon the transaction, the occurrence of any event, change or other circumstances that could give rise to the termination of the transaction agreement, including in circumstances requiring the Company to pay a termination fee, the possibility that TXNM Energy’s shareholders may not approve the transaction agreement, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, the outcome of legal proceedings that may be instituted against TXNM Energy, its directors and others related to the proposed transaction, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that the proposed transaction and its announcement could have an adverse effect on the ability of TXNM Energy to retain and hire key personnel and maintain relationships with its customers and suppliers, and on its operating results and businesses generally, the amount of costs, fees, charges or expenses resulting from the proposed transaction, and the risk that the price of TXNM Energy’s common stock may fluctuate during the pendency of the proposed transaction and may decline significantly if the proposed transaction is not completed. Other unpredictable or unknown factors not discussed in this communication could also have material adverse effects on forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.

Additional Information about the Proposed Transaction and Where to Find It
The proposed transaction between TXNM Energy and Blackstone Infrastructure will be submitted to the shareholders of TXNM Energy for their consideration. TXNM Energy will file a proxy statement on Schedule 14A and other documents with the SEC regarding the proposed transaction. Promptly after filing its definitive proxy statement with the SEC, TXNM Energy intends to mail the definitive proxy statement and a proxy card to each shareholder entitled to vote at the special meeting relating to the proposed transaction. This document is not a substitute for the proxy statement or any other document which TXNM Energy may file with the SEC and send to TXNM Energy’s shareholders in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS OF TXNM ENERGY ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT TXNM ENERGY AND THE PROPOSED TRANSACTION. You may obtain copies of all documents filed with the SEC regarding the proposed transaction, free of charge, at the SEC’s website (www.sec.gov). You may also obtain these documents, free of charge, from TXNM Energy’s website (https://www.txnmenergy.com/) under the tab “Investor” and then under the heading “SEC Filings.”

Participants in the Solicitation
TXNM Energy and its respective directors, executive officers, other members of management and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction under the rules of the SEC. Information about TXNM Energy’s directors and executive officers is set forth in its definitive proxy statement for its 2025 Annual Meeting of Shareholders, which was filed with the SEC on April 1, 2025, and its Form 10-K filed with the SEC on February 28, 2025. These documents can be obtained free of charge from the sources indicated above. Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed transaction will be included in the proxy statement and other relevant materials TXNM Energy intends to file with the SEC.

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Wireless Logic welcomes General Atlantic as minority shareholder

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Montagu

16 MAY 2025, LONDON: Wireless Logic (or “the Company”), a leading independent global Internet of Things (“IoT”) solutions provider, welcomes General Atlantic, a leading global investor, as a new minority shareholder, through investment from the firm’s BeyondNetZero climate growth equity fund. The Company’s existing shareholder, Montagu, a leading mid-market private equity firm, will remain the majority shareholder, reinvesting alongside General Atlantic.

The transaction, which values Wireless Logic at £3.5 billion, is subject to customary closing conditions and is expected to close in the third quarter of 2025.

Founded in 2000 and headquartered in the UK, Wireless Logic is the global leader in IoT connectivity, dedicated to bridging the physical and digital worlds with seamless, secure, and scalable solutions for businesses in any sector. The platform helps clients from a diverse range of industries connect and manage all their IoT devices, no matter the device, geography or network, in a single platform. The Company is net zero aligned through its commitment to SBTi, and plays a key role in enabling a vast range of IoT connected energy transition and climate applications, including smart grids, micro-mobility, industrial optimisation, and precision agriculture.

With continued backing from Montagu and the additional support of General Atlantic, Wireless Logic is primed to continue its high growth trajectory. By pursuing an organic investment and active acquisition strategy, Wireless Logic is expected to further strengthen its market-leading position by driving global geographic expansion, diversifying market channels, and enhancing its platform offering.

Partnering with General Atlantic will bring complementary global scale and network, as well as technological and operational capabilities, including the experience from General Atlantic’s Vice Chairman of EMEA, Vittorio Colao, who previously served as Minister of Technological Innovation and Digital Transition for the Italian government and as CEO of Vodafone Group. Mr. Colao joins Wireless Logic’s Board alongside existing Chairman, Sir Michael Rake, who previously served as Chairman of BT Group and President of the Confederation of British Industry.

Wireless Logic, Montagu and General Atlantic share a collective ambition to reinforce Wireless Logic’s market leadership and mission to simplify and automate IoT connectivity and management for customers globally

Oliver Tucker, Wireless Logic Co-Founder and CEO

Wireless Logic Co-Founder and CEO Oliver Tucker said: “Wireless Logic, Montagu and General Atlantic share a collective ambition to reinforce Wireless Logic’s market leadership and mission to simplify and automate IoT connectivity and management for customers globally, as well as create value for investors and establish a great place to work. I look forward to the next phase of our growth journey.”

This reinvestment demonstrates our continued confidence in Wireless Logic’s exceptional growth trajectory, and we are thrilled to have General Atlantic partnering alongside us.

Ed Shuckburgh, Managing Partner – CEO at Montagu

Ed Shuckburgh, Managing Partner – CEO at Montagu said: “We are excited to continue backing Wireless Logic through the next stage of growth having first invested in the business in 2018. This reinvestment demonstrates our continued confidence in Wireless Logic’s exceptional growth trajectory, and we are thrilled to have General Atlantic partnering alongside us. We are enthusiastic about the opportunity for Wireless Logic as it continues to cement its position as the Internet of Things solutions provider of choice for customers globally.”

Gabriel Caillaux, Co-President, Global Head of Climate, and Head of General Atlantic’s EMEA business, said: “We are pleased to support the next stage of Wireless Logic’s journey in partnership with Montagu. Wireless Logic has positioned itself as a leader in the rapidly expanding IoT market, and in turn as a key enabler of the energy and climate transition, providing data transparency, operational efficiency, and cost reductions across industries to accelerate energy efficiency for the future. We believe there is a strong opportunity for the Company to achieve further growth, through transformational M&A, which it has already proved itself adept at, and continued geographic expansion across Europe, North America, LATAM, and APAC.

From its founding in 2000, Wireless Logic has demonstrated strong resilience, by building a highly diversified customer base and generating uninterrupted growth since inception

Gabriel Caillaux, Co-President, Global Head of Climate, and Head of General Atlantic’s EMEA business

“From its founding in 2000, Wireless Logic has demonstrated strong resilience, by building a highly diversified customer base and generating uninterrupted growth since inception. We look forward to partnering with Montagu and Wireless Logic’s high quality management team as the Company embarks on its next stage of growth.”

Montagu was advised by Rothschild & Co as financial advisor and Freshfields as legal advisor.

General Atlantic was advised by William Blair as financial advisor, Weil Gotshal & Manges LLP as legal advisor and Analysys Mason as technology advisor.

Media enquiries – Montagu

Greenbrook: James Madsen

+44 20 7952 2000 | montagu@greenbrookadvisory.com

Media enquiries – General Atlantic

Jess Gill

+44 20 7484 3200 | media@generalatlantic.com

About Montagu

Montagu is a leading mid-market private equity firm, committed to finding and growing businesses that make the world work. Focussing on businesses with a must-have product or service in a structurally growing marketplace, Montagu brings proven growth capabilities to help companies achieve their ambitions and unlock their full potential. Montagu specialises in carve-out and other first time buyout investments and has deep expertise in five priority sectors: Healthcare, Financial Sector Services, Critical Data, Digital Infrastructure and Education. ESG forms an integral part of its strategy, and its commitment to responsible investment is fully integrated into its investment and value-creation process. Montagu partners with companies with enterprise values between €200 million and €1 billion and has €14 billion of assets under management.

For additional information on Montagu, visit www.montagu.com

About Wireless Logic

Wireless Logic is a leading global IoT solutions provider that simplifies and automates IoT connectivity and management for any device, anywhere. With more than 18 million IoT devices connected across 165 countries to over 750 global networks, Wireless Logic provides global coverage and ultra-local services that help to fast-track the success of customer projects.

With its purpose-built platform and dedicated IoT network, Wireless Logic enables customers to securely connect and manage assets across any network and number of deployments. For customers, this simplifies supply chains, accelerates time to market, lowers the total cost of ownership and delivers connectivity solutions that just work.

Wireless Logic works in partnership with 25,000+ enterprises and businesses to ensure that IoT solutions are designed, tested, deployed and scaled to meet the needs of each specific use case. Ultimately, Wireless Logic delivers the most flexible, resilient and secure connectivity solutions in the market across sectors including agriculture, healthcare, industry 4.0, security, transport, energy, utilities and smart cities.

For additional information on Wireless Logic, visit www.wirelesslogic.com

About General Atlantic and BeyondNetZero

General Atlantic is a leading global investor with more than four decades of experience providing capital and strategic support for over 830 companies throughout its history. Established in 1980, General Atlantic continues to be the dedicated partner to visionary founders and investors seeking to build dynamic businesses and create long-term value. Guided by the conviction that entrepreneurs can be incredible agents of transformational change, the firm combines a collaborative global approach, sector-specific expertise, a long-term investment horizon, and a deep understanding of growth drivers to partner with and scale innovative businesses around the world. The firm leverages its patient capital, operational expertise, and global platform to support a diversified investment platform spanning Growth Equity, Credit, Climate, and Sustainable Infrastructure strategies. BeyondNetZero is the climate growth equity fund of General Atlantic that invests in growth companies delivering innovative climate solutions that have the potential to meet and exceed net-zero emissions targets, with a focus on decarbonization, energy efficiency, resource conservation and emissions management. General Atlantic manages approximately $108 billion in assets under management, inclusive of all strategies, as of March 31, 2025, with more than 900 professionals in 20 countries across five regions.

For more information on General Atlantic, please visit: www.generalatlantic.com.

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EQT Infrastructure VI holds final close at its hard-cap, raising EUR 21.5 billion in total commitments

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eqt

EQT Infra VI Close

  • EQT Infrastructure VI raises EUR 21.5 billion in total commitments, including EUR 21.3 billion in fee-generating assets under management, exceeding the EUR 20 billion target and hitting hard-cap
  • This represents a 35 percent increase on the Fund’s predecessor, owing to strong support from both existing and new investors
  • The Fund builds on EQT Value-Add Infrastructure’s more than 15-year track record investing in infrastructure companies that provide essential services to society across Europe, North America and Asia Pacific

EQT is pleased to announce the closing of its flagship infrastructure fund, EQT Infrastructure VI (the “Fund”) on EUR 21.5 billion in total commitments, including EUR 21.3 billion in fee-generating assets under management. 

EQT Infrastructure VI received commitments from a diversified, global group of institutional investors, including pension funds, sovereign wealth funds, asset managers and insurance companies. The private wealth segment represented an increased share compared to the predecessor vehicle. Fund investors were based across the Americas, Asia Pacific, Europe, the Middle East and the Nordics.

The Fund is 35 percent larger than its predecessor which closed on EUR 15.7 billion in November 2021. EQT Infrastructure VI invests in infrastructure companies that provide essential services to society, have a stable or growing underlying demand, predictable cash flows, and an asset-based, contracted and well-protected business model. It pursues attractive investment themes such as digital infrastructure; generating, storing, and distributing energy; decarbonization and electrification of industrial processes and transport; resource efficiency and circularity; and social infrastructure.

Masoud Homayoun, Head of Infrastructure at EQT, said: “EQT Infrastructure VI has had a great start with 12 highly thematic investments closed or signed. Our sector teams are continuing to deliver on a healthy investment pipeline and we are excited by the large opportunity set underpinned by global, long-term trends such as the transition to a decarbonized and circular economy and the digitalization of society. Our focus remains on creating lasting value in our portfolio and delivering outstanding performance for our clients.” 

Lennart Blecher, Head of Real Assets at EQT, added: “Since its inception in 2008, EQT Infrastructure has grown at pace and today, we have a 130-strong team and three investment strategies: Value-Add, Active Core and the recently launched Transition Infrastructure strategy. We are thrilled to announce the final close of EQT Infrastructure VI, our latest flagship fund within EQT’s EUR 75 billion1 global infrastructure business, and look forward to continuing to scale the platform.” 

Suzanne Donohoe, Chief Commercial Officer at EQT, commented: “We would like to thank our longstanding clients, whose commitments represented around 70% of this fundraise, for their continued confidence in the EQT Value-Add Infrastructure strategy. We are also grateful for our new partners’ trust in EQT and we aim to continue to deliver attractive returns through economic cycles.”

EQT Value-Add Infrastructure takes an industrial approach to value creation in mature infrastructure businesses. It actively partners with high-quality companies with significant and sustainable growth potential to build strong, resilient businesses through hands-on support of management teams, and bringing deep operational expertise in areas such as AI, digitalization and sustainability. The EQT Infrastructure team is further supported by EQT’s Industrial Advisors. This global network of more than 600 business executives and entrepreneurs is engaged in the entire investment process and act as board members to contribute operational and strategic expertise to portfolio companies.

EQT Infrastructure VI is 45-50 percent committed (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication), based on the actual fund size. The Fund has closed ten investments, including in Constellation Cold Logistics, OX2, Statera and Universidad Europea in Europe; a new partnership with EdgeConnex, Arcwood Environmental (formerly Heritage Environmental Services), Lazer Logistics and Madison Energy Infrastructure in the US; and Rena (formerly KJ Environment) and SK Shieldus in Asia Pacific. It has also announced entering into exclusive negotiations to acquire a majority stake in Eutelsat Group’s ground station infrastructure business in Europe and a Joint Venture with T-Mobile to acquire Lumos in the US. 

Contact

Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15

EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

1Total AuM as of December 2024

About EQT
EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of three decades of developing companies across multiple geographies, sectors and strategies. EQT has investment strategies covering all phases of a business’ development, from start-up to maturity. EQT has EUR ‌​​269 billion in total assets under management (EUR ‌​​‌136 billion in fee-generating assets under management), within two business segments – Private Capital and Real Assets.

With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in more than 25 countries across Europe, Asia and the Americas and has more than 1,900 employees

More info: www.eqtgroup.com

Follow EQT on LinkedIn, X, YouTube and Instagram

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Blackstone Infrastructure to Acquire Minority Stake in AGS Airports and Invest Behind the Growth of the United Kingdom

Blackstone

NEW YORK – March 28, 2025 – Blackstone (NYSE: BX) announced today that Blackstone’s infrastructure strategy for individual investors has agreed to acquire a minority stake of 22% in AGS Airports (“AGS”), a platform of high-quality freehold airports providing access to key UK markets, from AviAlliance for £235 million.

Blackstone’s investment, together with AviAlliance and PSP Investments, is intended to support the continued growth of the travel and tourism industries across the United Kingdom.

AviAlliance, one of the world’s leading airport investors and operators, will remain the majority shareholder in AGS with a 78% stake.

AGS handles over eleven million passengers annually and is the owner and operator of three critical UK airports: Glasgow and Aberdeen in Scotland and Southampton in England.

Commenting on the announcement, Greg Blank, Chief Executive Officer of Blackstone Infrastructure Strategies, said, “Transportation remains a key thematic focus area for Blackstone, given continued strong global growth in leisure travel. AGS has access to one of the most diversified airline mixes of any major UK airport, and the company’s recent capital improvements aimed at accommodating large aircraft pave the way for new routes and higher traffic growth. We look forward to partnering with AGS to support this important growth in the United Kingdom.”

Sandiren Curthan, Managing Director and Global Head of Infrastructure Investments, PSP Investments, said: “We are pleased to bring Blackstone as a minority shareholder in AGS. Both PSP and Blackstone are like-minded investors with long-term patient capital to support the development of AGS, which will benefit from the operational expertise of AviAlliance.”

Gerhard Schroeder, Managing Director of AviAlliance, said: “We look forward to developing a constructive and long-term partnership with Blackstone for the benefit of AGS, its management and employees, as well as all other stakeholders at the three airports. Together, we will further strengthen the position of AGS in both Scotland and the wider United Kingdom.”

Blackstone Infrastructure has a strong track record of investing in transportation infrastructure, including through Mundys, the world’s largest toll road platform and manager of airports Roma Fiumicino and Ciampino, Signature Aviation, the world’s largest network of private aviation terminals, and ASPI, Europe’s largest toll road platform.

About Blackstone Infrastructure
Blackstone Infrastructure is an active investor across energy, transportation, digital infrastructure and water and waste infrastructure sectors. We seek to apply a long-term buy-and-hold strategy to large-scale infrastructure assets with a focus on delivering stable, long-term capital appreciation together with a predictable annual cash flow yield. Our approach to infrastructure investing is one that focuses on responsible stewardship and stakeholder engagement to create value for our investors and the communities we serve.

Blackstone Media Contact
Matt Thomas
Matthew.Thomas@blackstone.com
+44 20 7451 4480

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Wide Creek Asset Management – Warburg Pincus Joint Venture to Develop New Logistics Center in Anseong, South Korea

Warburg Pincus logo

Seoul, March 25, 2025 – The joint venture between Wide Creek Asset Management, a leading real estate manager in South Korea, and Warburg Pincus, the pioneer of private equity global growth investing, has acquired an 82,000-square-meter site in Anseong, Gyeonggi Province. The partnership plans to develop a five-story, 100% dry warehouse with a net leasable area of 100,000 square meters, approximately 70% of which has already been preleased to tenants in the life sciences sector.

In 2023, Warburg Pincus, through its Warburg Pincus Asia Real Estate Fund (“WPARE”), partnered with Wide Creek Asset Management to establish a joint venture focusing on investments in new economy real estate sectors, including logistics, data centers, life sciences, and business parks in South Korea. That same year, the joint venture acquired its first site in Yangju, northern Gyeonggi Province, to develop a last mile logistics center with a net leasable area of 144,272 square meters. The recent acquisition in Anseong marks its second investment in the logistics real estate sector. With this transaction, the joint venture now manages over 244,000 square meters of net leasable area and has an estimated portfolio value of over half a billion US dollars upon completion, showcasing its rapid and robust growth since inception.

The new project in Anseong boasts a prime location with excellent connectivity to South Korea’s key cities. It benefits from an extensive highway network, including the recently completed Anseong-Guri section of the Second Gyeongbu Expressway (Sejong–Pocheon Expressway), which significantly improves access to the Greater Seoul area. Designed as a single-building logistics center, the facility features the highly sought-after “Large Plate” structure, offering an expansive floor plate of over 16,500 square meters and ensuring maximum operational efficiency. Despite ongoing power supply constraints in the Anseong region, the logistics center has secured sufficient electricity capacity, providing a solid foundation for the integration of future automation systems.

Li Fan, Managing Director at Warburg Pincus, said, “We have built a high conviction in the long-term opportunities in South Korea’s logistics market and have strategically focused on prime assets in key metropolitan areas to address the demand-supply gap. Through our partnership with Wide Creek, we have been deeply impressed by its strong management team and unique capabilities in identifying and acquiring high-quality new economy real estate assets. By leveraging the deep expertise and extensive experience of both Warburg Pincus and Wide Creek, we believe this joint venture is well-positioned to capture the growth opportunities in the new economy real estate sector in South Korea.”

Kim Junghoon, CEO and Co-Founder of Wide Creek Asset Management, said, “This strategic acquisition marks a major milestone for the joint venture since its establishment in 2023. As one of the largest real estate investors in Asia Pacific, Warburg Pincus has a proven track record of building and scaling multiple new economy real estate platforms and ventures. We look forward to continuing our partnership with Warburg Pincus to unlock the full value of this collaboration and meet the increasing demand from high-quality tenants in South Korea.”

The newly acquired logistics center is poised to become a leading hub for life sciences logistics in South Korea. Situated in Anseong, a key logistics hub for 3PL, life sciences, and high-tech manufacturers, the logistics center benefits from its proximity to numerous large-scale industrial complexes within a 35-kilometer radius. Notably, approximately 70% of the logistics facility has been pre-leased to reputable tenants in the pharmaceutical and healthcare sectors. The robust tenancy underscores the logistics center’s strategic role in supporting the emerging life sciences sector in South Korea.

About Wide Creek – Warburg Pincus Joint Venture

Established in 2023, the Wide Creek – Warburg Pincus Joint Venture focuses on investments in new economy real estate sectors, including logistics, data centers, life sciences, and business parks in South Korea. Currently, it manages over 244,000 square meters of net leasable area and has an estimated portfolio value of over half a billion US dollars upon completion. Since its inception, the joint venture has successfully executed two strategic acquisitions in the logistics real estate sector in South Korea, reinforcing its commitment to meeting the increasing demand from high-quality tenants in the country.

About Wide Creek Asset Management

Since its establishment in 2020, Wide Creek Asset Management has set up a total of 14 development projects and has recorded a cumulative AUM exceeding 2.9 trillion won. The firm specializes in innovative real estate investment, operation, and development with a customer-centered and community-focused approach. With a fast-paced and dynamic organizational culture, Wide Creek aims to become a model asset management firm leading the rapidly changing financial markets.

About Warburg Pincus

Warburg Pincus LLC is the pioneer of private equity global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $87 billion in assets under management, and more than 220 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,000 companies across its private equity, real estate, and capital solutions strategies.

Warburg Pincus began investing in Asia real estate in 2005. Today, it has become one of the largest and most active investors in the region, with over US$9 billion invested in more than 50 real estate platforms and ventures. The firm is a pioneer of platform investing and has co-founded or sponsored leading platforms alongside best-in-class entrepreneurs such as ESR, DNE, Vincom Retail, BW Industrial, Princeton Digital Group, Weave Living and StorHub.

Media Contact

Warburg Pincus

Lisa Liang

Senior Vice President, Asia Head of Marketing and Communications, Warburg Pincus

lisa.liang@warburgpincus.com

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Ardian announces agreement to acquire Akuo, a major player in renewable energy

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Ardian

Over the past 18 years, Akuo has established itself as a leader in the sector, with production capacity reaching 1.9 GW by the end of 2024.
• This investment is designed to accelerate Akuo’s development and reinforces Ardian’s commitment to the energy transition.

Ardian, one of the world’s leading private equity firms, announces that it has reached an agreement1 to acquire Akuo, a leading independent power producer specializing in renewable energy.

Founded in 2007, and backed by ICG since 2022, Akuo has become a major player in renewable energy production. A specialist in wind power, photovoltaics and storage, Akuo is present in a dozen key markets in Europe and on both American continents. Anchored at the heart of local communities, the Akuo group develops local energy sources that contribute to decarbonization and energy independence goals.

Thanks to its entrepreneurial spirit and constant commitment to innovation, Akuo’s production and storage capacity is expected to reach 1.9 gigawatts (GW) by the end of 2024, with aims to reach 5 GW by 2030. This growth is supported by a robust portfolio of projects under development.

Ardian will leverage its expertise in the renewable energy sector to support Akuo in its next phase of growth. As well as capitalizing on the company’s solid fundamentals to pursue growth ambitions, Ardian will also provide the necessary financial capacity for Akuo’s numerous renewable energy projects.

“We are proud to be able to support Akuo in the next phase of its development. This transaction reflects our commitment to supporting high-potential entrepreneurial infrastructure platforms on their journey to industrialization and growth as part of the energy transition.” Benoît Gaillochet, Co-Head of Infrastructure Europe, Ardian

“This acquisition is an excellent opportunity for Akuo, which will benefit from Ardian as a long-term partner to support its next phase of growth. It will enable Akuo not only to streamline its business and expand its international presence, but also to innovate more rapidly to meet tomorrow’s energy challenges.” Ardian is the ideal partner to continue the groundwork begun over 16 years ago by dedicated and committed teams. I would like to express my pride and gratitude to all the employees who have helped build what Akuo has become: a group of such quality is the fruit of the work of men and women who have pooled the best of themselves.” Éric Scotto, Co-Founder, Akuo

“We are delighted to have been able to contribute to the success of Akuo and its teams in recent years. Akuo has demonstrated its pioneering position in the development of renewable energy. We are convinced that Ardian will provide the necessary resources to further strengthen the group’s positions and accelerate its growth.” Pénélope Dietsch, Managing Director, ICG Infrastructure Strategy

Ardian has been investing in renewable energies since 2007, positioning itself as a pioneer in the energy transition. Through Ardian’s infrastructure funds, the team already manages over 8 GW of thermal and renewable energy capacity in Europe and the Americas and has more than $35 billion under management.

The transaction remains subject to the legal information and consultation process towards the relevant employee representative bodies, and to the authorization of the relevant regulatory authorities.

 1 A unilateral promise to purchase

About Ardian

Ardian is a world-leading private investment house, managing or advising $177bn of assets on behalf of more than 1,850 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 19 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

ardian.com

About Akuo

Akuo is a French independent producer of renewable (wind, solar and storage) and distributed energy. The Group is present across the entire value chain: development, financing, construction and operation. By the end of 2024, Akuo will have a total capacity of 1.9 GW in operation and under construction, and a project portfolio of over 12 GW. With over 450 employees, the Group, headquartered in Paris, develops projects in more than twenty countries worldwide.

Akuo.com

About ICG

ICG offers flexible capital solutions to support companies in their development and growth. In business for over 35 years, we are one of the world’s leading alternative asset managers. We manage $107 billion in assets* and invest across the entire capital structure. The ICG Infra team manages over 4.0 billion euros in Europe. ICG builds lasting relationships with its business partners to create value for shareholders, customers and employees, and uses its position of influence to benefit the environment and society. ICG is committed to being a net zero emissions asset manager in all its activities and related investments by 2040. ICG is a member of the FTSE 100 and is listed on the London Stock Exchange (symbol: ICG).
*at December 31, 2024

icgam.com

Press contact

Ardian

Headland

ardian@headlandconsultancy.com 

Press contact

Akuo

Mila Averlant

averlant@akuoenergy.com 

Press contact

ICG

Clare Glyyn

Clare.Glynn@icgam.com

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Stonepeak to Provide Equity Commitment to Longview Infrastructure

Stonepeak

Stonepeak and Longview to partner on U.S. electric transmission infrastructure projects

SAINT LOUIS, MO & NEW YORK, NY — March 24, 2025 — Longview Infrastructure (“Longview”), a newly formed electric transmission development and investment platform, today announced it has secured an equity commitment from Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets with approximately $72 billion in assets under management.

Data center and electrification-driven growth in electricity demand, increasing adoption of renewable energy sources, and the need for grid reliability are driving significant new transmission investment to ensure communities have uninterrupted access to essential services. Together, Longview and Stonepeak will focus on originating, developing, constructing, and operating electric transmission infrastructure projects across the United States to address this need.

Rob Kupchak, Senior Managing Director at Stonepeak, said, “Longview’s founders, Eric Hayes and Ben Sumers, are industry veterans with extensive knowledge of the transmission industry, which we believe will be a key differentiator in addressing the compelling opportunities in this essential U.S. infrastructure sector. We look forward to working hand-in-hand with them to develop the Longview platform.”

Eric Hayes and Ben Sumers, Longview’s Co-Chief Executive Officers, added, “We are excited to partner with Stonepeak to pursue transmission projects across the United States to help enhance connectivity across communities. Rising energy demand and an ever-changing energy landscape requires a historic buildout of transmission infrastructure. Stonepeak’s equity commitment, deep understanding of the transmission space, and operational expertise in building platforms will enable us to effectively scale the team and meet the need in transmission head-on.”

Sidley Austin LLP served as legal advisor to Stonepeak and Vinson & Elkins LLP served as legal advisor to Longview.

About Longview

Longview Infrastructure collaborates with Independent System Operators (ISOs) and communities to finance and deliver transmission projects around the United States. Founded by LS Power and NextEra Energy Transmission alumni Eric Hayes and Ben Sumers, the Company is headquartered in Saint Louis, Missouri and has offices in San Francisco, California. Visit www.longviewinfra.com to learn more.

About Stonepeak

Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $72 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include digital infrastructure, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, and Abu Dhabi. For more information, please visit www.stonepeak.com.

Contacts

Stonepeak:
Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (646) 540-5225

Longview Infrastructure:
press@longviewinfra.com

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