Tag Archives: infrastructure

CVC DIF to acquire leading Iberian parking infrastructure platform iPark from Elliott Investment Management

CVC|DIF
  • iPark owns and operates a portfolio of more than 30,000 parking spaces across more than 80 facilities in Spain and Portugal, with a well-diversified asset base present in urban centres, hospitals and transport-related locations.
  • With this investment, CVC DIF will support iPark’s management team in pursuing the company’s next phase of growth across Iberia, while continuing to enhance its operations.

CVC DIF, the infrastructure strategy of leading global private equity manager CVC Capital Partners, has agreed to acquire iPark, a large-scale Iberian parking infrastructure platform operating across Spain and Portugal, from Elliott Investment Management. The investment will be made through DIF Infrastructure VIII.

iPark owns and operates a diversified portfolio of over 30,000 off-street parking spaces across more than 80 facilities, primarily located in urban centres, hospitals and transport-related locations.

The investment by DIF Infrastructure VIII will support iPark’s next phase of growth, building on its established buy-and-build strategy to scale the platform across core Iberian markets while continuing to enhance operational efficiency and digitalisation.

The transaction is aligned with CVC DIF’s strategy and significant experience of investing in essential infrastructure assets with long-term, concession-like high-visibility cash flows, which play a critical role in supporting economic activity and urban mobility in Europe.

Quotes

iPark is a high-quality, essential and highly diversified infrastructure platform with a strong market position and clear growth potential.

Tom GoossensPartner at CVC DIF

Tom Goossens, Partner at CVC DIF, commented: “iPark is a high-quality, essential and highly diversified infrastructure platform with a strong market position and clear growth potential. Off-street parking plays a vital role in urban mobility and iPark is well-positioned to further strengthen its leadership in this segment. Its diversified portfolio, long-term contracts and experienced management team make it an excellent fit for CVC DIF’s investment strategy. We look forward to partnering with the team to support the company’s continued growth and long-term value creation.”

Juan Manuel Mogarra, Founder and CEO of iPark, added: “CVC DIF is a highly experienced infrastructure investor with a deep understanding of long-term, essential assets. Their support will enable iPark to accelerate its growth strategy while continuing to deliver high-quality services to cities, partners and customers across Spain and Portugal. We are excited to begin this next chapter together.”

Paul Best, Senior Managing Director and Head of European Private Equity at Elliott Investment Management, said: “This transaction is a reflection of iPark’s market-leading position and potential for further growth. We are proud to have supported iPark as it expanded and diversified its portfolio and scaled its platform across Iberia. We wish the iPark and CVC DIF teams all the best as they pursue the next phase of growth for the company.”

The transaction is expected to close in 2026, subject to customary regulatory approvals.

DC Advisory and Eversheds acted as financial and legal advisers to Elliott Investment Management on the transaction, while RBC Capital Markets and Uría & Menéndez acted as financial and legal advisers to CVC DIF, respectively.

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KKR and ACWA Power Announce Strategic Infrastructure Financing in Saudi Arabia

KKR

KKR’s first investment in the Kingdom supporting vital national infrastructure

Riyadh, Saudi Arabia, 22 December 2025 – KKR, a leading global investment firm, today announced a strategic financing transaction with ACWA Power, the world’s largest private water desalination company, a leader in energy transition and a first mover in green hydrogen. The transaction marks KKR’s first investment in the Kingdom of Saudi Arabia, underscoring the firm’s growing momentum across the Middle East and its long-term commitment to partnering with national champions to support critical infrastructure across the Kingdom in support of Vision 2030.

As part of the transaction, KKR will serve as the anchor lender in a long-duration financing solution for the Rabigh 3 desalination facility, a mission-critical asset providing a substantial share of water to the Makkah region. The transaction brings together ACWA Power’s industry-leading operational expertise with KKR’s global capabilities in structuring and delivering long-dated, investment-grade private credit solutions.

The Rabigh 3 transaction aligns with KKR’s thematic focus on efficient and sustainable utility and energy solutions, and supports Saudi Arabia’s agenda to enhance long-term water security and modernize essential infrastructure. Water desalination remains a core national priority under Vision 2030, with scalable and cost-effective technologies playing a critical role to meet the needs of a growing population.

The project is majority-owned by ACWA Power, which provides a quarter of the Kingdom’s desalinated water capacity and operates over 110 assets across 15 countries. ACWA Power, a Saudi-listed company, has been a central partner to the Kingdom’s infrastructure and energy strategy for more than two decades.

Abdulhameed Al Muhaidib, Chief Financial Officer of ACWA Power, also commented: “Rabigh 3 IWP is a cornerstone asset for water security in the Kingdom, and the strong participation from international investors reflects its quality, reliability, and long-term value. This transaction demonstrates ACWA Power’s commitment to responsible finance, sustainable water infrastructure, and long-term environmental stewardship. We’re very proud to issue our first ever blue bond that attracts new international investors to our Saudi fleet.”

Julian Barratt-Due, Managing Director and Head of Middle East Investing at KKR, said: “This transaction marks an important milestone as KKR’s first investment and private credit transaction in the Kingdom. ACWA Power is a best-in-class operator and a respected national champion, and we are proud to support one of Saudi Arabia’s most critical utility assets. Our investment reflects KKR’s broader ambition to scale our presence across the Kingdom, deepen partnerships with leading corporates, and deploy capital behind essential infrastructure that contributes to long-term, sustainable growth. We look forward to expanding our engagement and supporting the Kingdom’s transformation.”

The investment builds on KKR’s long-standing commitment to Saudi Arabia, where it has maintained a local presence since 2014, and reflects the firm’s conviction in the Kingdom’s long-term economic growth agenda supported by ongoing regulatory reforms that encourage long-term foreign capital. It also follows a year of significant deployment across the Middle East, including investments in Gulf Data Hub, ADNOC Gas Pipelines, ART Fertility Clinics and Premialab. Momentum has been supported by the continued expansion of KKR’s regional footprint, including the relocation of its Saudi office to King Abdullah Financial District (KAFD) and the opening of a new office in Abu Dhabi, complementing the firm’s long-standing presence in Dubai.

The transaction is being funded by capital accounts advised by KKR.

About ACWA Power
ACWA Power (TADAWUL:2082) is a Saudi-listed company and the world’s largest private water desalination company, the first mover into green hydrogen, and a leader in the global energy transition. Registered and established in 2004 in Riyadh, Saudi Arabia, ACWA Power employs over 4,000 people and is currently present in 15 countries in the Middle East, Africa, Central Asia, and Southeast Asia. ACWA Power’s portfolio comprises 110 projects in operation, advanced development, or under construction with an investment value of SAR 431 billion (USD 115 billion) and the capacity to generate 93 GW of power (of which 52GW is renewables) and manage 9.3 million m3/day of desalinated water. This energy and water are delivered on a bulk basis to address the needs of state utilities and industries on long-term, off-taker contracts under utility services outsourcing and public-private partnership models.
Learn more: www.acwapower.com

ACWA Power Media contacts:  
Halah Mohsen
Director – Media Affairs & External Comms
hmohsen@acwapower.com
media.inquiries@acwapower.com 

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

For media queries, please contact:

KKR
Annabel Arthur, KKR
Annabel.Arthur@kkr.com

 

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Stonepeak to Acquire Allgas

Stonepeak

NEW YORK & SYDNEY – December 17, 2025 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced that it has entered into a definitive agreement to acquire Allgas, a leading gas distribution network located in Queensland, Australia, from the APA Group (ASX: APA), Marubeni Corporation, and other shareholders.

Allgas is the provider of gas haulage infrastructure in the catchment area spanning Brisbane to the northern tip of New South Wales, and separately, Toowoomba and Oakey. Its extensive network includes approximately 3,900kms of distribution mains that supply approximately 120,000 households and businesses, nine gate stations, and 123,000 metering devices. Through its connection to major Queensland supply hubs and the extensive reserves available in the region, Allgas serves as a reliable source of energy distribution for its customers.

“This transaction underscores Stonepeak’s long-held conviction in natural gas as an essential component of the energy mix supporting global energy transition efforts, especially in Australia where it continues to play an important role for businesses and individuals,” said Darren Keogh, Senior Managing Director at Stonepeak. “Queensland, and South East Queensland in particular, is experiencing significant economic expansion underpinned by population and productivity growth that is supported by the Allgas network. We look forward to working with Allgas to help effectively capitalize on these meaningful tailwinds.”

The transaction is subject to regulatory approvals and is expected to close in the first half of 2026.

Gresham is serving as financial advisor to Stonepeak. Allens is serving as legal counsel to Stonepeak.

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately US$80 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, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.

Contacts

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

Jack Gordon
jack.gordon@sodali.com
+61 478 060 362

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HASI and KKR Commit Additional $1 Billion to CarbonCount Holdings 1

KKR

Strong Pipeline Drives Additional Investment Capacity for Strategic Partnership

ANNAPOLIS, Md. & NEW YORK–(BUSINESS WIRE)– HA Sustainable Infrastructure Capital, Inc. (“HASI”) (NYSE: HASI), a leading investor in sustainable infrastructure assets, and KKR, a leading global investment firm, today announced that HASI and KKR have agreed to make an additional capital commitment of $500 million each for a combined total of $1 billion of new investment capacity into CarbonCount Holdings 1 LLC (“CCH1”). The co-investment vehicle was established by HASI and KKR to provide long-term capital solutions for sustainable infrastructure projects across the United States.

The parties expect that CCH1’s newly expanded capital commitments combined with existing leverage targets will bring the total investment capacity to nearly $5 billion. The vehicle’s investment period has been extended to the earlier of the end of 2027 or when all commitments have been utilized.

“CCH1 enables us to efficiently deploy capital into sustainable infrastructure projects that support the energy transition and address the country’s rising power demand,” said HASI Chief Revenue and Strategy Officer Marc Pangburn. “Alongside KKR, we are pleased to further scale CCH1 to deliver long-term value for our clients and stakeholders.”

“Expanding our commitment to CCH1 reflects the strong momentum we are seeing across the strategic partnership and our conviction in the opportunity set ahead,” said Cecilio Velasco, Managing Director, KKR. “Together with HASI, we look forward to delivering long-term, flexible capital to high-quality sustainable infrastructure projects across the U.S.”

CCH1: Strategy, Structure, and Deployment Timeline

CCH1 was established in May 2024, with HASI and KKR each agreeing to invest an initial $1 billion into the strategic partnership built to co-invest in clean energy assets across the United States over an 18-month period. In June 2025, CCH1 expanded its investment capacity through the issuance of $592 million of 20-year fixed rate senior unsecured notes and extended the initial investment period through November 2026.

Through November 2025 and after accounting for the reinvestment of returned capital, the HASI-KKR strategic partnership has closed nearly $3 billion of investment commitments spanning six asset classes.

About HASI

HASI is an investor in sustainable infrastructure assets advancing the energy transition. With more than $15 billion in managed assets, our investments are diversified across multiple asset classes, including utility-scale solar, storage, and onshore wind; distributed solar and storage; RNG; and energy efficiency. We combine deep expertise in energy markets and financial structuring with long-standing programmatic client partnerships to deliver superior risk-adjusted returns and measurable environmental benefits. HA Sustainable Infrastructure Capital, Inc. is listed on the New York Stock Exchange (Ticker: HASI). For more information, please visit hasi.com.

About KKR

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

Forward-Looking Statements

Some of the information in this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, words such as “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “may,” “target,” or similar expressions are intended to identify such forward-looking statements. For these statements, we claim the protections of the safe harbor for forward-looking statements contained in such Sections. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans and objectives, including anticipated debt issuances. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption “Risk Factors” included in each of the companies’ Annual Reports on Form 10-K (and, for HASI, as supplemented by its Form 10-K/A) for the companies’ fiscal years ended December 31, 2024, which were filed with the U.S. Securities and Exchange Commission (“SEC”), as well as in other reports that the companies file with the SEC.

Forward-looking statements are based on beliefs, assumptions and expectations as of the date of this press release. HASI, KKR, and CCH1 disclaim any obligation to publicly release the results of any revisions to these forward-looking statements reflecting new estimates, events or circumstances after the date of this press release.

 

For HASI:

Kenny Gayles
media@hasi.com
+1 (443) 321-5756

Aaron Chew
investors@hasi.com
+1 (410) 571-6189

For KKR:

Liidia Liuksila
media@KKR.com
+1 (212) 750-8300

Source: HA Sustainable Infrastructure Capital, Inc.

 

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CVC DIF to divest 25% interest in Somerton Pipeline to Channel Infrastructure

CVC Capital Partners
  • During CVC DIF’s ownership, Somerton has delivered stable performance and resilient cash flows.
  • The transaction reflects CVC DIF’s strong focus on realising value for its investors, supported by the expertise of its dedicated Divestments team.

CVC DIF, the infrastructure strategy of leading global private markets manager CVC, is pleased to announce that it has agreed to sell its 25% interest in Somerton Pipeline to Channel Infrastructure NZ.

Somerton Pipeline is an essential part of the sole pipeline system delivering jet fuel to Melbourne Airport, Australia’s second-busiest airport. ExxonMobil operates the pipeline on behalf of the Somerton Pipeline Joint Venture.

CVC DIF, via its CIF I fund, acquired a 25% interest in the Somerton Pipeline in 2017. During CVC DIF’s ownership period, Somerton has operated within the aviation fuel supply chain reliably and delivered resilient cash flows. The transaction reflects CVC DIF’s strong focus on realising value for its investors, and being able to match divestments with the right long-term owners of its assets.

Andrew Freeman, Partner and Head of Divestments at CVC DIF, commented: “The Somerton Pipeline exit showcases CVC DIF’s ability to deliver value from smaller investments while securing the right long-term owner. This critical asset supports Melbourne Airport’s jet fuel supply, and we’re proud to have ensured its safe, efficient operation for future growth.”

Quotes

The Somerton Pipeline exit showcases CVC DIF’s ability to deliver value from smaller investments while securing the right long-term owner.

Andrew FreemanPartner and Head of Divestments at CVC DIF

The sale of Somerton Pipeline continues CVC DIF’s approach of strategic realisations across its portfolio, following recent exits from Portuguese highway concessions Norte Litoral and Algarve, as well as Boluda Maritime Terminals, Mallorca Fire Station and TTI Algeciras earlier this year.

CVC DIF was advised on the transaction by MinterEllison (legal).

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Pike Corporation to Accelerate Growth through Partnership with TPG, La Caisse and Management

LaCaisse
Partnership will support grid modernization and climate adaptation for U.S. electric utilities

TPG, a leading global alternative asset manager, and global investment group La Caisse (formerly CDPQ), today announced that they have partnered with the management team of Pike Corporation, a leading national provider of turnkey infrastructure engineering and construction solutions for the electrical grid, and signed a definitive agreement to acquire a majority interest in Pike.

TPG will invest in Pike through TPG Rise Climate, the firm’s dedicated climate investing platform, with La Caisse investing alongside TPG for a significant minority interest. J. Eric Pike, third-generation founder and Chairman of Pike, and James R. Wyche, Chief Executive Officer of Pike, also are investing alongside TPG and La Caisse with other existing investors. Following completion of the transaction, the company will continue to be led by Mr. Wyche and the current management team, which combined have over 200 years at Pike. Mr. Pike will continue to serve on the company’s Board of Directors. Terms of the transaction were not disclosed.

“Pike’s legacy as a family-founded company has been defined by safety, integrity and innovative solutions,” said J. Eric Pike, Chairman of Pike. “Our success has been a direct result of the dedication of our team, our long-tenured customers and the support of our investors. I am excited to continue supporting the company with our new partners.”

“TPG’s and La Caisse’s investments mark an exciting new chapter for Pike and provide us with the resources to execute our shared vision for Pike as the leading national provider for energy infrastructure solutions,” said James R. Wyche, CEO of Pike. “I look forward to working with TPG, La Caisse and our other stakeholders to continue helping our customers achieve their goal of providing affordable, reliable energy.”

Founded in 1945, Pike Corporation is among the nation’s leading providers of turn-key infrastructure solutions, including construction and engineering for electric distribution, transmission and substation; renewables and distributed energy resources; and telecommunications services. With approximately 12,000 employees serving over 400 customers, Pike plays a foundational role in building and maintaining critical infrastructure and addressing the demands of aging infrastructure, load growth, and climate-driven stress facing the electric grid.

“As the U.S. power grid faces rising demand, aging infrastructure, and increased exposure to extreme weather, Pike is uniquely positioned to help utilities adapt, modernize, and harden their systems,” said Jonathan Garfinkel, a Managing Partner of TPG Rise Climate. “We see a long-term growth opportunity for grid services providers in the US and we look forward to partnering with the Pike team – well-established leaders in the industry – to advance grid resilience and energy reliability across the country,” added TPG Rise Climate’s Elizabeth Stone Redding.

“Pike helps keep the power on and the grid strong—an essential service for businesses and communities across the United States,” said Martin Longchamps, Executive Vice-President and Head of Private Equity and Private Credit at La Caisse. “As a global investor with significant exposure to the power and energy sector, La Caisse understands the critical role service providers like Pike play in ensuring grid reliability and resilience. Together with TPG, we’re investing in the growth of a proven leader supporting the backbone of the country’s energy network.”

Moelis & Company LLC is serving as financial advisor and Ropes & Gray LLP is acting as financing counsel to TPG in relation to this transaction. Simpson Thacher & Bartlett LLP is providing legal counsel to TPG and A&O Shearman is serving as legal advisor to La Caisse. Morgan Stanley & Co. LLC is serving as Pike’s financial advisor and Kirkland & Ellis LLP is serving as legal counsel.

ABOUT TPG RISE CLIMATE

TPG Rise Climate is the dedicated climate investing platform of TPG, a leading global alternative asset management firm. With dedicated pools of capital across private equity, transition infrastructure, and the Global South, TPG Rise Climate pursues climate-related investments that benefit from the diverse skills of TPG’s investing professionals around the world, the strategic relationships and insights developed across TPG’s broad portfolio of climate companies, and a global network of executives, advisors, and corporate partners. As part of TPG’s $29 billion global impact investing platform, TPG Rise Climate invests broadly across the climate sector, with a focus on building and scaling leading climate solutions across the following thematic areas: clean electrons, clean molecules and materials, and adaptive solutions.

For more information, please visit www.tpg.com/platforms/impact/rise-climate

ABOUT LA CAISSE

At La Caisse, formerly CDPQ, we have invested for 60 years with a dual mandate: generate optimal long term returns for our 48 depositors, who represent over 6 million Quebecers, and contribute to Québec’s economic development.

As a global investment group, we are active in the major financial markets, private equity, infrastructure, real estate and private credit. As at June 30, 2025, La Caisse’s net assets totalled CAD 496 billion. For more information, visit lacaisse.com or consult our LinkedIn or Instagram pages.

La Caisse is a registered trademark of Caisse de dépôt et placement du Québec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries.

ABOUT PIKE

Founded in 1945, Pike Corporation is the nation’s leading provider of infrastructure engineering and construction services. Pike’s portfolio of expertise provides end-to-end infrastructure coverage, including electric distribution, transmission and substation; renewables and distributed energy resources; telecommunications; and gas distribution services. In the rapidly evolving and increasingly connected world that we live in, Pike’s ability to plan, design and install infrastructure upgrades within a single enterprise ensures that our customers get the most up-to-date solutions delivered in the most effective way possible. Not only does our approach and field expertise maximize project efficiency, but it also leads to the industry’s highest-quality work. We have maintained long-standing, trusted customer relationships with over 400 investor-owned, municipal and cooperative utilities and infrastructure providers throughout the United States.

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KKR Provides $750 Million Bespoke Financing Solution to Chandra Asri Group

KKR

Financing will support the acquisition of ExxonMobil’s Esso retail fuel station network in Singapore

SINGAPORE–(BUSINESS WIRE)– KKR, a leading global investment firm, and Chandra Asri Group (or the “Group”), a leading provider of energy, chemical, and infrastructure solutions in Southeast Asia, today announced a $750-million bespoke financing solution arranged by KKR Capital Markets and anchored by KKR’s private credit and insurance platforms to Chandra Asri Group. The investment will support the Group’s growth strategy and its acquisition of Esso-branded retail fuel station network from ExxonMobil in Singapore.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251116458363/en/

Established in 1992, Chandra Asri Group is a leading provider of critical energy, chemical, and infrastructure solutions to companies across Southeast Asia. The Group serves diverse industries, including manufacturing, the trading of chemicals, petrochemicals, and synthetic rubber, as well as the management of infrastructure assets. In 2024, the Group embarked on a strategic transformation to build a connected energy infrastructure ecosystem and provide fundamental support to strategic sectors across the region. The Group’s acquisition of ExxonMobil’s Esso-branded retail fuel station network in Singapore is a key part of this strategy.

KKR’s Asia Pacific Credit platform seeks to provide, among other private credit strategies, bespoke solutions to high-quality companies, entrepreneurs, promoters and sponsors that harness the strength of KKR’s private markets investment capabilities and its expertise as one of the largest alternative credit managers globally.

Andre Khor, Chief Financial Officer of Chandra Asri Group, said, “We are pleased to strategically partner with KKR in supporting our acquisition of ExxonMobil’s Esso-branded retail network in Singapore. Our collaboration with a leading global investment firm reinforces strong confidence in Chandra Asri’s transformation journey and the quality of our expanding downstream energy platform. This strategic partnership enables us to pursue our growth objectives with prudent financial discipline, while continuing to deliver reliable and sustainable energy solutions across the region.”

SJ Lim, Managing Director and Head of Asia Private Credit at KKR, added, “We are proud to support Chandra Asri Group on this important milestone. This transaction aligns with our focus on providing tailored capital solutions to leading companies across Asia Pacific, and we look forward to supporting Chandra Asri’s continued growth as it strengthens its downstream energy and retail presence in Singapore.”

KKR is making its investment from its Asia Pacific Credit strategy and insurance platform. Since 2019, KKR has committed more than $8 billion across around 60 credit investments under its Asia Pacific Credit strategy, accounting for a total transaction volume of more than $21 billion.

****

About Chandra Asri Group

Chandra Asri Group is a leading provider of energy, chemical, and infrastructure solutions in Southeast Asia, supplying products and services to various manufacturing industries in both domestic and international markets. Since the Group’s establishment in 1992, Chandra Asri has grown from strength to build our reputation as a reliable growth partner, with strategically well positioned assets in Indonesia and Singapore. The Group’s asset base includes a refinery with a capacity of 237,000 barrels per day alongside a 1.1 million metric ton per annum ethylene cracker on Bukom Island, 2.5 million metric ton per annum downstream chemicals on Jurong Island and Indonesia’s one and only naphtha cracker located in Cilegon with a capacity of 0.9 million metric ton per annum. The Company’s business is supported by core infrastructure assets, including energy, water, ports & storage, and logistics. For more information, visit www.chandra-asri.com.

About KKR

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

For more information, please contact:

Chandra Asri

Chrysanthi Tarigan
Head of Corporate Communications
Telp: 021-530 7950
Email: corporate.comm@capcx.com

KKR

Wei Jun Ong
+65 6922 5813
WeiJun.Ong@kkr.com

Source: KKR

 

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Novacap Invests in TAG Towers to Accelerate its Tower Development Strategy

Novacap

Novacap, a leading North American private equity firm, is pleased to announce it has entered into a partnership with TAG Towers (“TAG”), a Kentucky-based developer and operator of wireless tower infrastructure. TAG is the fifth platform investment by Novacap’s Digital Infrastructure sector.

Founded in 2008 by a group of wireless industry professionals, TAG is a developer and operator of wireless tower infrastructure with a strong presence in the Midwest region of the United States.

“TAG’s strong execution track record makes them a natural fit for our digital infrastructure portfolio. We’re proud to support their next phase of growth as demand for wireless infrastructure continues to surge,” says Ted Mocarski, Senior Partner, Head of Digital Infrastructure at Novacap.

“With Novacap’s backing and expertise, we can effectively scale our operations and continue delivering high-quality wireless tower assets to support America’s 5G future,” says David Ginter, Co-Founder & President of TAG Towers.

Fasken Martineau Dumoulin LLP served as legal advisor to Novacap. SteelTree Partners, LLC served as financial advisor to TAG and Smith, Gambrell & Russell, LLP served as its legal advisor.

About TAG Towers

TAG Towers is a leading provider of wireless tower infrastructure based in Richmond, Kentucky. With more than 30 years of industry experience, TAG’s management team delivers tailored solutions to national wireless service providers through the design, construction and leasing management of wireless tower assets in the Midwest region of the United States. For more information, please visit: tagtowers.com

About Novacap

Novacap is a leading North American private equity investor and one of Canada’s most experienced private equity firms. Founded in 1981 to partner with visionary entrepreneurs, Novacap focuses on middle market and lower-middle market companies in four core sectors: Technologies, Digital Infrastructure, Industries and Financial Services. Novacap combines deep sector specific expertise and strategic and operational excellence to partner with entrepreneurs and management teams. Since its inception, the firm has made primary and add-on investments in more than 250 companies. With over US $11 billion in assets under management and a presence across offices in Montreal, Toronto, and New York, Novacap accelerates value creation through strategic growth initiatives and a strong focus on execution.

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2Connect has signed an agreement to acquire rmw Kabelsysteme, a leading German manufacturer of specialty cable- and electromechanical assemblies a.o. for the Aerospace, Defense and MedTech market

Rivean

Waalwijk – Netherlands-based 2Connect, a global leader in high-mix, low-volume customer-specific interconnectivity solutions for mission-critical applications, is pleased to announce that it (through its wholly owned subsidiary Büschel Connecting Systems GmbH) has entered into a definitive agreement to acquire rmw Kabelsysteme (“rmw”), a prominent German manufacturer specializing in high-mix, low-volume cable- and electromechanical assemblies (incl. box-builds) for a.o. the Aerospace, Defense, and MedTech sectors. The completion of the transaction is still subject to approval by competent authorities.

By joining forces with rmw, 2Connect will significantly broaden its footprint in Germany, gain access to a portfolio of highly attractive blue-chip OEM customers, and enhance its production capabilities with rmw’s advanced and certified manufacturing expertise.
This strategic acquisition represents a major milestone in 2Connect’s international expansion strategy. Following previous acquisitions in both Germany and the United States, as well as the expansion of production facilities in Romania and sourcing operations in South-East Asia, 2Connect now truly has a global production set-up able to serve its customers ‘in the region, for the region’ by combining customer proximity and fast time-to-market with broad local production capabilities.

2Connect places great importance on the strong company culture that has propelled rmw’s success over the years—a culture that aligns closely with 2Connect’s own values and operational DNA. Together, the companies are well-positioned to deliver even greater value to their customers through complementary strengths and shared commitment to quality and innovation.

Mark van den Heuvel, CEO 2Connect: “We are thrilled to welcome rmw to the 2Connect family. rmw’s reputation for quality, precision, and customer focus makes it an ideal partner for us. This acquisition not only strengthens our position in Germany but also enhances our ability to serve critical industries with highly specialized solutions. We look forward to working closely with the rmw team to build on their success and drive innovation together.”

Ralf Böhm, Managing Director rmw: “We are excited to join forces with 2Connect. From the very beginning, it was clear that we share a strong cultural alignment and a common commitment to quality, innovation, and customer satisfaction. Becoming part of 2Connect opens up new opportunities for our team and our customers, and we look forward to working together to shape the future of interconnectivity solutions.”

About 2Connect
2Connect designs, develops and produces innovative and customer-specific interconnection solutions for original equipment manufacturers (“OEMs”) and original design manufacturers (“ODMs”) in high-mix, low-volume end markets globally. Founded in 2000, the Company prides itself on setting new standards for interconnection solutions by designing high-quality and cost-effective units in partnership with its long-term client base. 2Connect employs c. 600 people across its locations in the Netherlands, Germany, Romania, the United States and Hong Kong. 2Connect’s products are sold to customers in over 45 countries. For more info, please visit: https://www.2-connect.com/.

About rmw
rmw Kabelsysteme GmbH spun out from Carl Zeiss Jena in 1991 and has grown to almost 200 employees that aim to create modern interconnectivity solutions. Electromechanics, mechatronics, toolmakers, engineers and many other committed people make rmw an innovative and reliable partner for renowned customers, benefitting from deep know-how and experience. For more info, please visit https://rmw.de/en/home

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Ardian raises $20bn to power essential European infrastructure

Ardian

Fundraise underlines growing investor interest, with the United States being the largest investor base, in the European infrastructure asset class
• Ardian Infrastructure Fund VI is 90% larger than its predecessor, reflecting strong investor confidence in Ardian’s differentiated strategy and track record
• The fund’s success will continue to rely on investment in essential infrastructure across three verticals: energy, transport and digital infrastructure

Ardian, a world-leading investment firm, today announces it has raised $20 billion for its latest flagship infrastructure platform set to invest predominantly in Europe. It is Ardian’s largest infrastructure platform to date, composed of Ardian Infrastructure Fund VI (AIF VI), which reached its hard cap of $13.5bn (€11.5bn), and co-investments alongside the fund. AIF VI is 90% larger than the previous generation, Ardian Infrastructure Fund V (AIF V) , demonstrating growing investor interest and the strength of Ardian’s differentiated strategy.

The successful fundraise cements Ardian’s position as an international leader in essential infrastructure, with its unique investment approach and strong track record, offering one of the most stable and consistent platforms in the market. The fund will continue Ardian’s strategy, developed over two decades, of combining an industrial approach with investment expertise across three verticals that are powering the future and supporting Europe’s competitiveness: energy, transport and digital infrastructure.

Despite a challenging fundraising environment which has seen infrastructure funds raise over longer periods of time than prior years, AIF VI was raised in two years with an increase of 90% on the previous generation.

The fund attracted strong interest from both existing and new investors across the globe, with commitments from 229 limited partners (LPs) in Europe, North America, APAC and the Middle East. The fund saw the biggest increase in commitments from investors in the United States, with the number of US investors more than doubling and accounting for 14% of capital raised, up from $1bn in AIF V.

This comes amid growing US investor appetite for investing in Europe. Asian investors also showed strong interest, accounting for 32% of the capital raised, including many key Australian investors for the first time.

The number of investors in AIF VI doubled compared to AIF V. Investors having re-upped into AIF VI increased their commitments in average by c.40%.

Ardian has $47 billion in assets under management (AUM) for its infrastructure strategy covering the European and American essential infrastructure market as well as thematic funds related to the energy transition. The team counts 80 investment professionals who work with a strong network of operating partners. Ardian’s strong, multi-local team includes a market-leading data science capability, which has led to the development of proprietary Ardian tools including OPTA, which uses data to optimize the performance of wind assets, and Ardian AirCarbon, a proprietary emission quantification and reduction tool for the aviation industry.

AIF VI has already successfully deployed more than 40% of its capital, including in landmark infrastructure assets like London Heathrow Airport – Europe’s largest airport – where Ardian is the largest shareholder. Building on Ardian’s expertise in airports, the team, together with Finint Infrastrutture announced the signing of the agreement for the joint indirect acquisition of Venice Airport.

Additional AIF VI investments include:

•    Verne: A UK-headquartered data center platform, powered entirely by decarbonised energy.
•    Attero: a leading European waste management and circular economy platform, which is currently developing a 640 kilo-tonnes per annum of carbon capture and storage project on its Moerdijk plant.
•    Akuo: a pioneer in the renewable energy sector, specializing in wind power, photovoltaics and storage, with 1.9GW of installed capacity across Europe.
•    Energia Group: one of the largest energy utilities on the island of Ireland serving almost 900,000 homes and businesses.

“More than ever, clients expect from us high absolute returns decorrelated from financial market. Amid Ardian’s continued strong performance, this milestone fundraise reflects the success of our differentiated strategy that we have applied consistently since inception 20 years ago. We have expanded into new geographies while maintaining a clear and selective focus on essential and capital intensive assets in three key sectors: energy, transport and digital infrastructure. Our asset management approach is precise: value creation must come from operational improvement, not market cycles. In a market that rewards clarity and conviction, our approach has stood the test of time, and our strategy remains consistent, differentiated and rooted in a long-term view to create value.” Mathias Burghardt, Executive Vice-President, CEO of Ardian France and Head of Infrastructure, Ardian.

“The scale and speed of this fundraise highlights not only the market-leading position of Ardian’s Infrastructure team, but also the attractiveness of the asset class, offering resilience in a world that is anything but predictable. We continue to see strong confidence around the world, particularly in European infrastructure as a standout asset class, with a notable increase in interest among investors outside of Europe, especially the US and APAC. Investors that have a track record of applying industry expertise to deliver value creation are winning in this environment.
“We would like to thank our investors for their continued support and new LPs for their trust, which has allowed us to more than double the size of our platform.” Jan Philip Schmitz, Executive Vice-President and Head of Investor Relations, Ardian.

About Ardian

Ardian is a world-leading private investment firm, managing or advising $192bn of assets on behalf of more than 1,860 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

Press contact

Headland

ardian@headlandconsultancy.com 

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