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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 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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3i announces sale of its investment in Shared Tower

3I

3i Group plc (“3i”) today announces the sale of its stake in Shared Tower, held by 3i’s North American Infrastructure Fund. The transaction represents the first exit for the fund and continues to build on 3i’s successful track record in the digital infrastructure sector.

Shared Tower is Canada’s leading developer and owner of carrier neutral communications infrastructure. Operating under long-term contracts, Shared Tower is a preferred partner in Canada, thanks to its flexible, solutions-based approach and consistent track record of reliable project delivery. The company makes its infrastructure solutions available to all networks, providing speed-to-market and a reliable service for customers.

3i made an initial investment in 2022 as Shared Tower’s first institutional investor. The investment helped capitalise the company’s pipeline of tower development opportunities and allowed Shared Tower to expand its operations and team. Over 3i’s hold period, the company tripled the size of its tower portfolio and successfully expanded into other passive network infrastructure solutions.

 

-Ends-

Download this press release 

For further information, contact:

Silvia Santoro
Investor enquiries

Kathryn van der Kroft
Media enquiries

 Tel: +44 20 7975 3258
Email: silvia.santoro@3i.com

Tel: +44 20 7975 3021
Email: kathryn.vanderkroft@3i.com

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Ardian announces sale of stake in LBC Tank Terminals to Mitsui O.S.K. Lines (MOL)

Ardian

Ardian invested in LBC in 2017, alongside APG and PGGM as co-shareholders
• LBC is one of the world’s largest independent chemicals focused storage businesses with total storage capacity of c. 3.3 million m³*
• Ardian supported LBC through a major phase of growth and through achieving industry leading safety and sustainability performance.

Ardian, a world-leading private investment house, today announces the sale of its 35% stake in LBC Tank Terminals (“LBC”), to MOL**, a leading multi modal shipping company operating a fleet of 900 vessels and variety of social infrastructure businesses. As part of the transaction, APG***  and PGGM****  are also selling their stakes.

LBC is one of the world’s largest independent chemicals focused storage businesses. They own and operate seven state-of-the-art and flexible storage terminals at locations in the United States (Houston, Baton Rouge, Freeport) and Europe (Antwerp, Rotterdam), offering loading and unloading services for various transportation modes such as pipeline, vessel, barge, rail tank car and truck. Their total current storage capacity accounts for 3.3* million m³ strategically located at major chemical production hubs and connected to vital chemical processing plants via pipeline infrastructure networks.

Ardian’s Infrastructure team has been supporting the company’s developments since 2017. During the partnership, LBC improved operations and safety as well as its sustainability performance to reach industry leading performance as recognized by its Platinum EcoVadis rating and 5-star GRESB rating. Building on available landbank, LBC also completed significant expansion under Ardian ownership with capacity growing by 63% since its acquisition, and new projects being developed across chemical and new energies storage. These expansion projects allowed LBC to strengthen its capabilities and address the rising demand for storage facilities capable of handling a broader array of new energy products.

“We are delighted to have had the opportunity to work with LBC and its management team. We have supported the company for more than 7 years, through impressive capacity growth, achieving industry leading safety and sustainability performance.” Simo Santavirta, Head of Asset Management Infrastructure & Senior Managing Director, Ardian

“LBC has grown into a partner of choice for sustainable storage solutions. As a connected operator in current and future logistic networks, LBC is a relevant player in the energy transition. We wish LBC and MOL every success for the companies’ exciting future.” Daniel von der Schulenburg, Head of Infrastructure Germany, Benelux & Northern Europe & Senior Managing Director, Ardian

*Including projects under construction
**Mitsui O.S.K. Lines Ltd
***Stichting Depositary APG Infrastructure Pool 2011, An investment fund managed by APG Asset Management, the investment- and asset manager of ABP, the largest pension fund in the Netherlands.
****Stichting Depositary PGGM Infrastructure Funds, A wholly-owned subsidiary of PGGM, a Dutch pension fund cooperative, managing the pension investments for PFZW, the Dutch health care pension scheme with three million participants.

List of participants

  • Ardian

    • Ardian: Simo Santavirta, Daniel von der Schulenburg, Mark Voccola, Philippe Tallon, Kevin Rohde, Nicolas Dixneuf, Charles Adrien Calvet

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 20 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

Media Contacts

ARDIAN

HEADLAND

ardian@headlandconsultancy.com 

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TINC welcomes Infravest, a strategic cooperation between Gimv, WorxInvest and Belfius, as a partner for its growth ambitions

GIMV

Green light for Infravest, a strategic cooperation between, WorxInvest and Belfius

On September 19th, 2024, an agreement was announced that WorxInvest would acquire half of the interest of Gimv NV in Infravest NV. Infravest NV – incorporated as a 100 % subsidiary of Gimv – is with 21,32 % the largest shareholder of TINC NV and is also the indirect shareholder of TINC Manager NV, de statutory director of TINC NV. As part of this transaction, Gimv NV and Belfius NV would also contribute their respective interest in TDP NV, the joint venture incorporated by Gimv and Belfius to develop and manage a wide variety of infrastructure assets, in Infravest NV. The transaction was subject to the usual conditions precedent including approval by the relevant authorities.

All regulatory consents have now been obtained, allowing for the strategic cooperation to start. Going forward, WorxInvest and Gimv will each hold a 40,8 % interest in Infravest NV, with Belfius holding a minority interest of 18,4 %.

Infravest NV fully supports as a long-term shareholder the growth ambitions of TINC at a time that the demand for infrastructure investments is stronger than ever.

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Ardian to acquire an additional 10% stake in Heathrow

Ardian

  • 26 February 2025

  • Infrastructure

  • United-KIngdom, London

 6 minutes de lecture

This statement should be read in conjunction with Ferrovial’s statement issued today.

•    Ardian became the largest shareholder of Heathrow on 12th December 2024, acquiring a 22.6% stake from Ferrovial, CDPQ and USS; the acquisition of a further 10% stake would increase Ardian’s ownership to 32.6%.
•    On 12th February 2025, Heathrow launched the largest investment pro-gramme in the airport’s history, with a multi-billion pound plan to upgrade and expand the “UK’s Gateway to Growth”.
•    Heathrow’s strong results today further support the need for a hub airport that has the capacity to ensure sustainable trade, business, and passenger travel throughout the UK and across the world. 
Ardian, a world-leading private investment house, today announces that it has entered into a binding agreement to acquire an additional 10 per cent stake in FGP Topco Ltd (TopCo), the holding company for Heathrow Airport Holdings Ltd, from Ferrovial SE and other TopCo shareholders, including CDPQ (the Transaction).

Ardian completed the acquisition of a 22.6 per cent stake in TopCo on 12th December 2024.

“Since we became the largest shareholder of Heathrow in December, the airport has continued to perform strongly with traffic reaching 83.9 million passengers in 2024.  We are delighted to be working with our fellow shareholders, the Heathrow management team and the UK authorities on our shared ambition to deliver sustainable growth of this iconic infrastructure. Investment in Heathrow will deliver economic benefits across the entire country.
We are passionate about infrastructure and the role it plays enabling growth while supporting the transition to net zero. The Transaction is a further sign of our strong commitment to investing in essential infrastructure in the UK.”
Mathias Burghardt, Executive Vice President, CEO of Ardian France and Head of Infrastructure, Ardian

“There is strong demand for aviation which is underpinning the growth at Heathrow. We believe there are ways to build, expand and grow in a sustainable way and we will explore these with all stakeholders.”
Juan Angoitia, Co-Head of Infrastructure Europe and Senior Managing Director, Ardian

The transaction is subject to complying with the right of first offer (ROFO) which may be exercised by TopCo shareholders pursuant to the Shareholders’ Agreement and the Articles of Association of the company. Full completion of the acquisition under the agreement is also subject to the satisfaction of ap-plicable regulatory conditions.

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 20 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.

Through its direct infrastructure investment activities, Ardian has significant experience in owning and operating European airports. In the UK, Ardian was a 49% shareholder of London Luton Airport from 2013 until 2018. During Ardian’s period of ownership, a signifi-cant redevelopment of the terminal, transport links and infrastructure was successfully completed in close cooperation with Luton Borough Council. In Italy, Ardian was an indirect shareholder of Milan Linate, Milan Malpensa, Naples and Turin airports alongside their regions and municipalities.

At Ardian we invest all of ourselves in building companies that last.

Ardian.com

Press contact

Liz Morley

liz.morley@5654.co.uk+44 (0) 7798683108

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Ardian Signs An Agreement for the Acquisition of Goldman Sachs Alternatives’ Stake in AFCO

Ardian

Ardian, a world-leading private investment house, today announces that it has completed the acquisition of the ownership position in Aviation Facilities Company Management, LLC (“AFCO”) previously held by the Infrastructure business at Goldman Sachs Alternatives. AFCO is an independent industry leader in the investment, development, management, and operation of on-airport cargo facilities and other airport infrastructure in the U.S.

Headquartered in Dulles, Virginia, AFCO’s business currently includes more than 3.5 million square feet of airport infrastructure, with 29 properties at 15 airport locations around the U.S. and U.K., including on-airport air cargo warehouses and aircraft apron, ground support equipment maintenance and concession logistics facilities, aircraft maintenance hangars, and a robust pipeline of new development and acquisition opportunities at key airports.

Through this new partnership with Ardian, AFCO will have access to valuable resources and operational expertise, enabling the company to advance its growth strategy, including through targeted acquisitions.

“We are delighted to partner with AFCO and leverage the team’s experience, knowledge and the relationships they have developed over the past three decades in the airport infrastructure space as we continue to build on the company’s strong foundation and accelerate growth. On behalf of the Ardian team, we look forward to working closely with the AFCO management team in this exciting next chapter of partnership”. Stefano Mion, Co-Head of Infrastructure Americas and Senior Managing Director, Ardian

“This investment builds on our strategic initiative to expand into the infrastructure and aviation market. Ardian launched this initiative over ten years ago and has since held and exited investments in London Luton and 2i Aeroporti and, most recently, made a significant investment in Heathrow to become the airport’s largest shareholder. AFCO is the ideal partner as we continue to expand our industry footprint around the world, particularly in the U.S. and the broader Americas region, and focus on acquiring strategic infrastructure assets with a proven track record.” Leonarda Orani, Managing Director, Ardian

“We are delighted to have partnered with AFCO since 2018 to support the company as it accelerated its growth and strengthened its position as a leader in on-airport cargo warehousing in North America, demonstrating resilient infrastructure characteristics as the market environment evolved,” (…) “Our investment in AFCO, sourced on a bilateral, proprietary basis, represents the unique access to compelling infrastructure opportunities provided by our One Goldman Sachs franchise.  We wish the management team and Ardian success on the next phase of their journey.” Teresa Mattamouros, Managing Director in Infrastructure, Goldman Sachs Alternatives

“We appreciate the supportive partnership we have had with Goldman Sachs Alternatives over the past seven years. We have instituted a number of value creation initiatives, including an innovative financing structure that has allowed us to invest in existing facilities and strategically expand our portfolio through new acquisitions and developments and create cost-effective solutions for our airport and tenant partners” (…) “As we look ahead, we are excited about our new relationship with Ardian and look forward to drawing on the team’s expertise as a global player and international leader in essential infrastructure, including transportation and aviation, as we continue to grow our company.” Chuck Stipancic, CEO, AFCO

The closing of the transaction is subject to customary closing conditions.

DC Advisory served as a financial advisor and Gibson Dunn served as legal counsel to Ardian. RBC Capital Markets, LLC and Eastdil Secured, LLC served as financial advisors and Fried, Frank, Harris, Shriver & Jacobson LLP served as legal counsel to Goldman Sachs Alternatives.

ABOUT ARDIAN

Ardian is a world-leading private investment house, managing or advising $177bn of assets on behalf of more than 1,720 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 20 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 AFCO

AFCO has more than thirty-years of experience in aviation and airports and is a recognized leader in the investment, development, management and operation of airport support infrastructure. With broad, best in class capabilities and deep experience, AFCO provides an unparalleled level of service, comprehensive and innovative solutions and value to their clients including airports, municipalities, commercial and cargo airlines, aircraft maintenance, repair and overhaul service providers, general and corporate aviation and a wide variety of other airport users.

aviationfacilities.com

ABOUT INFRASTRUCTURE AT GOLDMAN SACHS ALTERNATIVES

Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $500 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs. The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs has more than $3.1 trillion in assets under supervision globally as of December 31, 2024. Established in 2006, Infrastructure at Goldman Sachs Alternatives has invested $16 billion across 40 portfolio companies since its inception. The business has a long track record of investing across the key sectors of infrastructure, including energy transition, digital infrastructure, transportation & logistics and circular economy.

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Media Contacts

ARDIAN

H/ADVISORS ABERNATHY

ardian@h-advisors.global

Goldman Sachs

Joseph Stein

Joseph.Stein@gs.com+44 207 774 4080

AFCO

Chuck Stipancic

cstipancic@aviationfacilities.com

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