DIF Capital Partners closes the acquisition of 100% of energy platform BluEarth Renewables

DIF

DIF Capital Partners, through its most recent fund DIF Infrastructure V (“DIF V”), is pleased to have closed the acquisition of 100% of BluEarth Renewables LP (“BluEarth”) from Ontario Teachers’ Pension Plan (“OTPP”).

BluEarth is a leading, independent, power producer that develops, builds, owns and operates wind, hydro and solar facilities. Since its inception in 2010, BluEarth has developed and acquired 19 hydro, wind and solar projects across North America, representing 405 MW of gross capacity. In addition it has over 1,000 MW of projects under development. Headquartered in Calgary, Alberta, the company has been recognized as one of Alberta’s Top 75 Employers.

“We are very pleased to close this transaction,” said Paul Huebener, Partner and Head of DIF Americas. “BluEarth is an attractive investment that will provide attractive returns and stable cash flows to our investors. As we’ve been working together over the last several months, we also see strong growth potential ahead for BluEarth – particularly in the U.S. market.”

To support the company’s U.S. growth objectives, BluEarth recently established a commercial U.S. office located in Phoenix, Arizona.

DIF V was advised by Baker McKenzie, BMO Capital Markets, Agentis Capital, and KPMG. Financing is provided by BMO, Desjardins, and National Bank.

About DIF Capital Partners

DIF is an independent infrastructure fund manager, with €5.6 billion of assets under management across seven closed-end infrastructure funds and several co-investment vehicles. DIF invests in greenfield and brownfield infrastructure assets located primarily in Europe, the Americas and Australasia through two complementary strategies:

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

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

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

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CapMan Infra and Telia Company to accelerate roll-out of fibre networks in Finland

CapMan Infra press release
31 October 2019 at 09.00 a.m. EET

CapMan Infra and Telia Company to accelerate roll-out of fibre networks in Finland

CapMan Infra has agreed on a majority investment in a joint venture to be established with Telia Company to invest into and deploy fibre-to-the-home (FTTH) infrastructure in Finland. The joint venture will acquire Telia Finland’s existing Avoin Kuitu fibre assets and will be one of the largest FTTH network owners and operators in Finland.

One of the key goals in the Finnish Government Programme 2019 is promoting the construction of more extensive optical fibre networks throughout Finland to enable better digital infrastructure and fast broadband access across the country. Achieving this goal requires substantial investments and a reliable operator specialising in the fibre market. CapMan Infra and Telia are rising to the challenge by establishing a joint venture to accelerate the roll-out of fibre infrastructure. The joint venture will take over Telia Finland’s Avoin Kuitu existing FTTH business and increase the pace of investments to make fibre available across Finland. The business currently builds and operates fibre assets primarily in Finnish growth centres and surrounding areas, serving around 12 municipalities.

“Reliable and fast network connections are a core foundation for modern society. They improve quality of life by enabling living and working across the country. The efficient implementation of large investment projects is at the core of our team’s expertise, and the new ownership model with Telia allows us to make long-term commitments to roll-out fibre networks across Finland. We are delighted to work with a market-leading operator to establish a stand-alone open access fibre provider,” comments Harri Halonen, Partner at CapMan Infra.

Global trends and consumption patterns are increasingly driving the need for fast and reliable data connections. Video-on-demand, online gaming and the increasing number of connected devices require fast and reliable network connections, which 4G or even 5G networks are unable to guarantee in the long-term, given the exponential increase in the amount of data being transferred.

“I’m really happy that we have come to this agreement with CapMan Infra which fits very well with Telia Company’s strategy of having superior network connectivity while adding to our commercial success through convergence and great customer experience. The network roll-out will play an important role for Finland to maintain its position at the very forefront of digitalization. This new type of structure with a partnership ties well with our ambition of disciplined allocation where we, case by case and market by market, seek a good balance between the risk and reward and potential future technology shifts as well as short versus long-term thinking,” says Stein-Erik Vellan, Senior Vice President, Head of Telia Finland.

The transaction is expected to close in the beginning of 2020 with completion conditional on customary approvals from competition authorities.

CapMan Infra’s investment focus is core and core+ infrastructure assets in the energy, transportation and telecom sectors in the Nordics. CapMan Infra held the first close on its midcap Nordic infrastructure fund in October 2018, and the fund invested in the Norwegian ferry operator Norled earlier this year. The CapMan Infra team comprises 7 investment professionals and operates from Helsinki and Stockholm with a total of 70 years of sector experience. The team has also completed investments on a mandate basis in Nordic infrastructure opportunities.

For further information, please contact:
Harri Halonen, Partner, CapMan Infra, tel. +46 768 71 0062

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

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Infravia launches Infravia Growth Fund and welcomes Alban WynieckiI,Guillaume Santamaria and Francois auquepre

InfraVia

A growth fund dedicated to tech and supporting the digitalization of infrastructure and the economy

Leveraging its experience and capabilities in infrastructure investments, InfraVia Capital Partners (“InfraVia”) announces the launch of InfraVia Growth Fund. While digital transformation is impacting the whole economy, including infrastructure, and brings infrastructure closer to the services economy, InfraVia intends to support tech companies at scale-up stage.

Established in 2008, InfraVia currently manages 4 infrastructure funds totaling €4bn of AUM and has invested in over 30 companies across Europe. A pioneer in European infrastructure, InfraVia was amongst the first investors in digital infrastructure such as data centers, fiber networks or telecom towers. Thanks to its deep knowledge of the ecosystem, InfraVia is launching a second business line focusing on growth investments with the aim to support tech companies that experience strong growth. “Our experience and skills are great assets to identify, assess and accelerate scale-up companies”said Vincent LEVITA, founder and CEO of InfraVia.

Like it does in most sectors, digital is disrupting infrastructure business models and usage. Digital tools and big data help reduce costs, improve efficiency, reduce risks and enable infrastructure assets to optimize their performance and converge towards the services economy. “Combining physical assets that are key for the economy and new technologies will lead to unprecedented opportunities in terms of growth and performance”,added Vincent Levita.

In order to support and benefit from this structural shift, InfraVia announces the launch of a fund dedicated to leading tech companies operating in sectors in which it has historically invested, such as mobility, logistics, telecom, utility, health and energy. “The sesectors are all affected by deep changes linked notably to the rise of new digital players who need significant capital to remain competitive on a global basis. We intend to help them, not only with funding but also through long-term operational support”Guillaume Santamaria, Partner InfraVia, commented
Targeting a size of €300m, with capital expected to come mostly from its existing institu-tional investors, InfraVia has the ambition to become a leading growth investor with theaim to support, accelerate and internationalize European fast-growing tech companies.The fund will focus on companies that have high growth potential and that are either profitable or nearing profitability.
To achieve its ambition in growth capital, InfraVia is building a dedicated team of seasoned professionals with solid backgrounds in technology, investment and the industrial sector.This 10-strong team will be led by its 3 partners: Alban Wyniecki, Guillaume Santamaria and François Auque.
“Guillaume, François and I are excited to leverage our joint experience (more than 50 deals in the past 5 years) to support and back tomorrow’s tech leaders, and we are veryhappy to join InfraVia’s partnership to deliver on that ambition”Alban Wyniecki, Partner InfraVia, added.
As underpinned in the recent Tibi report, only few French tech companies grow global and make it to the IPO stage, often by lack of sufficient late-stage funding. The French government recently formally showed its support to growth companies and called for French institutional investors to pledge significant capital to start-ups and scale-ups.The InfraVia Growth fund is precisely looking to capture part of this market opportunity. “Institutional investors are ready to support our initiative to back emerging champions in the tech space” François Auque, Partner InfraVia, commented. It is vital for France’s and Europe’s technological sovereignty going forward”.
ABOUT INFRAVIA CAPITAL PARTNERS
InfraVia is an independent investment firm specialized in infrastructure. Founded in 2008by Vincent LEVITA, InfraVia focuses on European mid-market infrastructure and has done32 investments across 12 European countries since its creation. As at October 2019, the company employs 34 professionals and has €4bn of assets under management across 4 funds.
www.infraviacapital.com
ABOUT ALBAN WYNIECKI
• 13 years of experience in investment firms (Partech, Idinvest Partners) and tech (Dassault Système)• Leader on more than 25 investments and board member of several companies (Klaxoon, Lumapps, Platform.sh, Secret Escapes…)• Leader on more than 15 M&A transactions at 3DS (Gemqom, Accelrys, RTT…)• Graduated from ENS and HEC
ABOUT GUILLAUME SANTAMARIA
• 13 years of experience in tech investment and M&A (Quilvest, Apparius, Idinvest Partners)• Leader on more than 35 M&A and fund-raising transactions, in particular in digital health (BioSerenity, Mdoloris, H4D…). Board member of several companies (M2I, Adjust,SophiaGenetics…)• Graduated from Sciences Po Bordeaux and HEC
ABOUT FRANÇOIS AUQUE
• Former Chairman of the Investment Committee at Airbus Ventures• Former CEO of the Space Division at Airbus• Former CFO of Aerospatiale and Aerospatiale-Matra• 30 ans of experience in the industrial sector (Airbus, EADS, Aerospatiale-Matra,Aerospatiale …) and 8 years of experience in Finance (Credisuez, Banque La Henin,Cour des Comptes)• Chairman of the Audit and Risk Committee of Rexel, Board Member of CyberArk• Graduated from HEC, Sciences Po and ENA

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Dr. Gerrard P. Bushell Named Executive Chair of The New Terminal One Development Project at JFK International Airport and Chair of The Carlyle Group’s CAG Holdings

Carlyle

Dr. Gerrard P. Bushell Named Executive Chair of The New Terminal One Development Project at JFK International Airport and Chair of The Carlyle Group’s CAG Holdings

NEW YORK – The Carlyle Group’s (NASDAQ: CG) global airport investment platform, CAG Holdings, today announced the appointment of Dr. Gerrard P. Bushell, former President and CEO of the Dormitory Authority of the State of New York (DASNY), as Executive Chair of The New Terminal One Development Project at JFK and Chair of CAG Holdings. Dr. Bushell will be responsible for delivering the New Terminal One Development Project at JFK International Airport.

The Port Authority of New York and New Jersey selected the New Terminal One Development Project team to lead the redevelopment and expansion of JFK’s Terminal One in accordance with Governor Cuomo’s Vision Plan for JFK. The New Terminal One Development Project team is an innovative coalition of airlines, labor, minority- and women-owned businesses, and strong operating and financial partners including The Carlyle Group and CAG Holdings, JLC Infrastructure, Ullico and Munich Airport International. CAG Holdings is a portfolio company of the Carlyle Global Infrastructure Opportunity Fund and is led by an experienced U.S.-based team that has managed more than 70 airport projects globally.

When completed, the proposed New Terminal One Development Project will encompass the sites of the current Terminal One, Terminal 2 and the former Terminal 3. The New Terminal One Development Project will reimagine the international passenger experience at JFK while creating opportunities for local and minority- and women-owned business enterprises (MWBE) across all phases of the project.

The Terminal One Group Association (TOGA), comprised of Air France, Japan Airlines, Korean Air, and Lufthansa, will continue to operate and maintain the existing Terminal One until completion of the New Terminal One Development Project.

Peter Taylor, Co-Head of Carlyle’s Global Infrastructure Opportunity Fund, said, “We are pleased to have Gerrard on board as Executive Chair of the New Terminal One Development Project team and Chair of CAG Holdings. With his demonstrated ability to work across the public and private sectors, we are confident that he will effectively lead one of the largest public-private partnership projects in America and help improve outcomes for all stakeholders.”

Dr. Bushell said, “I look forward to joining the strong, innovative and diverse New Terminal One Development Project and CAG teams. Together, we will deliver the world’s premier gateway to New York and the United States and support the Port Authority of New York and New Jersey and their local communities in meeting their objectives.”

Dr. Bushell brings a wealth of experience from business, government and labor to the New Terminal One Development Project and CAG teams. In 2015, he was appointed President and CEO of DASNY, a national leader in the municipal bond market and one of the country’s most prominent public builders with a construction portfolio valued at more than $6 billion. Under Dr. Bushell’s leadership, DASNY issued more than $38 billion of municipal debt for public and private infrastructure projects across New York State for higher education, health services, science and technology and government justice clients.

“Gerrard’s deep understanding of the New York infrastructure market will help ensure that our vision for the New Terminal One Development Project is delivered in concert with the JFK and Queens communities,” said Amit Rikhy, President and CEO of CAG Holdings. “Furthermore, his deep understanding of public-private partnerships will strengthen CAG’s experienced management team and help us execute our strategy.”

During his tenure, Dr. Bushell expanded DASNY’s mission to encompass innovation, growth and inclusion. He reimagined and restructured DASNY’s businesses and introduced the “OneDASNY” mandate which purposefully placed clients and client outcomes at the center of DASNY’s financing, procurement and project management capabilities. Dr. Bushell also successfully advanced New York State’s MWBE’s goals beyond 30%.

“We are pleased to welcome Gerrard to the New Terminal One Development Project team.  This is a very important project involving critical infrastructure that will benefit from the strong leadership and vision that Gerrard brings,” said JLC Managing Partner Jim Reynolds. “Gerrard’s mix of public and private sector experience positions him well to provide leadership and deliver on the goals of all stakeholders.”

“We’re excited to have the New Terminal One Development Project move forward under Dr. Bushell’s leadership. He understands the importance of partnership models that meet the needs of workers, management and investors,” said Edward Smith, President and CEO for Ullico Inc.

Prior to DASNY, Dr. Bushell was as an accomplished investment advisor who counseled leading institutional investors and raised private and public investment capital. He served as a senior sales and client officer supporting investment solutions for Alcentra and Insight at BNY Mellon, Director in the Client Partner Group at Kohlberg Kravis Roberts & Co. (KKR), Managing Director at Arden Asset Management, and the Head of Institutional Sales at the Legg Mason Company, ClearBridge Advisors, formerly Citi Asset Management.

Dr. Bushell started his career in government and labor serving in senior roles for Comptroller H. Carl McCall, Councilwoman C. Virginia Fields, and District Council 37 of the American Federation of State, County and Municipal Employees (AFSCME).

Dr. Bushell is a graduate of Columbia University in both the College and Graduate School of Arts and Sciences. He received a B.A., M.A., and Ph.D. in Urban Political Economy from the Department of Political Science.

 

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About The Carlyle Group and CAG Holdings
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $223 billion of assets under management as of June 30, 2019, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,775 people in 33 offices across six continents.

CAG Holdings is The Carlyle Group’s dedicated US-based investment platform for airport infrastructure investment opportunities globally. CAG Holdings is led by an experienced management team with a track record of over 70+ airport projects globally combined with a deep, localized understanding of the US airport market.

For media inquiries, contact Christa Zipf at christa.zipf@carlyle.com or at +1-212-813-4578.

About JLC Infrastructure
JLC Infrastructure is an investor and asset management firm focused on the transportation, communications, energy, utilities and social infrastructure sectors in the United States. The firm was formed in 2015 by Loop Capital and Magic Johnson Enterprises and currently manages investments in the redevelopments of Terminal B at LaGuardia Airport and Jeppesen Terminal at Denver International Airport (the Great Hall Project).

For media inquiries, contact info@jlcinfra.com.

About Ullico
For more than 90 years, Ullico, the only labor-owned insurance and investment company, has been a proud partner of the labor movement, keeping union families safe and secure. From insurance products that protect union members, leaders and employers, to investments in building projects that have created thousands of union jobs, our customers continue to trust us with protecting their families, employees and investments. The Ullico Inc. Family of Companies includes The Union Labor Life Insurance Company; Ullico Casualty Group, LLC.; Ullico Investment Company, LLC (Member FINRA/SIPC).; and Ullico Investment Advisors, Inc.

For media inquiries, contact Cori Houlihan at choulihan@ullico.com or at +1 202 354 8044.

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DIF Capital Partners to acquire 50 MW wind farm in Uruguay

DIF

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

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

Wim Blaasse, Managing Partner of DIF Capital Partners added: “We are pleased to achieve the milestone of making our first investment in South America, following the recent opening of our South American office in Santiago (Chile). The acquisition is the result of our strong relationship with Enercon. The long-term project agreements provide a high degree of predictability of future cash flows, making this an attractive investment for DIF’s investors.”

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

Closing of the transaction is subject to receipt of usual consents from project counterparties and is expected to take place in the course of 2019.

About DIF Capital Partners

DIF Capital Partners is an independent infrastructure fund manager, with €5.6 billion of assets under management across seven closed-end infrastructure funds and several co-investment vehicles. DIF invests in construction and operational infrastructure assets, that generate stable and predictable cash flows, located in Europe, North America, Australasia and South America through two complementary strategies:

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

DIF has a team of over 130 professionals, based in nine offices located in Schiphol (the Netherlands), Frankfurt, London, Luxembourg, Madrid, Paris, Santiago, Sydney and Toronto. Please visit www.dif.eu for further information.

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

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Ardian Infrastructure acquires shares of a chilean toll road business

Ardian

Santiago de Chile, September 6th, 2019 – Ardian, the world’s leading private investment firm, together with the Chilean Fund Manager, CMB, agreed to acquire a 33% stake in a Chilean toll road business from Brookfield Infrastructure. The business that is being acquired is comprised of a 100% interest in Vespucio Norte Express and Túnel San Cristóbal in Santiago de Chile.

Vespucio Norte Express is a critical urban express highway in Santiago de Chile with 29 kilometers of extension of a multi-lane road (3X3) with a free flow system, which border the city from the north-east to the south-west connecting two of the city’s wealthiest areas to the industrial side of the capital. Túnel San Cristóbal in Santiago de Chile is a 4 kilometers toll tunnel expressway in Santiago, which includes two uni-directional (2×2) tunnels that connect the district of Providencia with the district of Huechuraba. Both districts are densely populated with consolidated commercial areas. The remaining concession life of these two assets are 14 and 18 years respectively.

Juan Angoitia, Senior Managing Director at Ardian, said: “The Chilean concession system has a long and consistent history of development, fostering very productive and valuable public-private partnerships based on a robust legal framework system. The Chilean concession system has become a cornerstone of the economic development of the country. The acquisition of two key assets in the urban toll road system of Chile’s capital is a strategic milestone for Ardian Infrastructure, a world leading investor in the road sector”.

The transaction is Ardian’s Infrastructure first investment in Chilean transport sector. Ardian is already active in the energy sector in the country. Asset Chile acted as financial advisor and Baraona Fischer & Cia as legal counsel to Ardian and CMB. The closing of the transaction is subject to the satisfaction of customary regulatory and other approvals.

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$96bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base. Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world. Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 610 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of around 970 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

ABOUT CMB

CMB is Chile’s largest and most experienced infrastructure fund manager, with over 25 years of successful experience in greenfield and brownfield investments in the country. CMB has over US$540 million in assets under management and has completed 17 investments in multiple infrastructure assets. CMB recently raised its third infrastructure fund, which is the largest of its kind in Chile. CMB is part of Larrain Vial, the leading independent investment bank in the Andean region with over 84 years of investment management experience in Latin America.

PRESS CONTACTS

ARDIAN
Headland
Viktor Tsvetanov

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InfraRed Capital Partners agrees on sale of its interest in Auckland South Corrections Facility project, New Zealand

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InfraRed Capital Partners

InfraRed Capital Partners (“InfraRed”) has committed to sell its 40% stake in the Auckland South Corrections Facility (the “Project”) to AMP Capital’s Community Infrastructure Fund (“AMP Capital”).

The Project, a 25 year contract to design, finance, build, operate and maintain a 960-place adult male prison facility on behalf of the New Zealand Department of Corrections, was sold by InfraRed’s Infrastructure Fund III, which invested in the Project at financial close in September 2012.

Sven Stubican, InfraRed’s Head of Australia and New Zealand, said with respect to the transaction:

“InfraRed has successfully concluded this process with the sale of our interest in the Project to AMP’s Community Infrastructure Fund, subject to New Zealand Department of Corrections and regulatory approval.

We are proud to have seen this important asset successfully through construction and into the operating phase. Since completion of the facility in January 2015, and operational commencement in mid-2015, we have worked closely with the New Zealand Department of Corrections to deliver a range of rehabilitation, educational and support programmes to prisoners. This has been a central goal of the Project with the dual-aim of assisting offenders to re-integrate into the community, and reducing the likelihood of re-offence.

We have every confidence in the Project’s ongoing success.”

InfraRed is committed to the New Zealand market and continues to seek opportunities in the region that are accretive to the InfraRed portfolio.”

 

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DIF Capital Partners acquires 203MW wind portfolio in the US

DIF

DIF Infrastructure Fund V (“DIF”) is pleased to announce financial close of the 100% acquisition of MIC Renewable Energy Holdings LLC’s indirect interest in two operating wind projects located in the United States with a gross capacity of 203MW.

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Idaho Wind Partners (Idaho) and Brahms Wind (New Mexico) have been operational since 2011 and 2014, respectively. Both projects have long-term power purchase agreements with investment grade off-takers. The projects will be operated and managed by Longroad Energy Services under asset management and operations & maintenance agreements.

This investment fits well within DIF’s mandate to acquire infrastructure and renewable energy assets and adds to DIF’s existing portfolio of renewable energy assets in the United States.

Paul Huebener, Partner and DIF’s Head of Americas added: “We are pleased to add these established wind projects to our portfolio of long-term, contracted assets. We believe the projects will provide attractive returns and stable cash flows to our investors.”

About DIF Capital Partners

DIF Capital Partners is an independent infrastructure fund manager, with €5.6 billion of assets under management across seven closed-end infrastructure funds and several co-investment vehicles. DIF invests in greenfield and brownfield infrastructure assets located primarily in Europe, North America and Australasia through two complementary strategies:

  • DIF Infrastructure V targets equity investments in public-private partnerships (PPP/PFI/P3), concessions, regulated assets and renewable energy projects with long-term contracted or regulated income streams that generate stable and predictable cash flows.
  • DIF Core Infrastructure Fund I targets equity investments in small to mid-sized infrastructure assets in the energy, transportation and telecom sectors with mid-term contracted income streams that generate stable and predictable cash flows.

DIF has a team of over 125 professionals, based in nine offices located in Schiphol (the Netherlands), Frankfurt, London, Luxembourg, Madrid, Paris, Santiago, Sydney and Toronto. Please visit www.dif.eu for further information.

Contact:
Thijs Verburg, Director
Email: t.verburg@dif.eu

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DIF announces brand name change to DIF Capital Partners

DIF

DIF is pleased to announce that we have changed the DIF brand name to DIF Capital Partners. The name change is a result of the global growth of our firm and improves the recognition of DIF as global investment firm, acting as a partnership.

About DIF Capital Partners

DIF Capital Partners is an independent infrastructure fund manager, with €5.6 billion of assets under management across seven closed-end infrastructure funds and several co-investment vehicles. DIF invests in greenfield and brownfield infrastructure assets located primarily in Europe, North America, Latin America and Australasia through two complementary strategies:

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

DIF has a team of over 125 professionals, based in nine offices located in Amsterdam (Schiphol), Frankfurt, London, Luxembourg, Madrid, Paris, Santiago, Sydney and Toronto. Please visit www.dif.eu for further information.

Contact:
Thijs Verburg, Director
Email: t.verburg@dif.eu

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The Carlyle Group and VICO Infrastructure Announce Partnership to Invest in U.S. Water Infrastructure

Carlyle

WASHINGTON, DC & NEWPORT BEACH, CA – Global investment firm The Carlyle Group (NASDAQ: CG) and large-scale infrastructure firm VICO Infrastructure Company (VICO) today announced a partnership through which the firms will invest in water infrastructure projects across the United States. The partnership will develop, acquire and optimize water, desalination, wastewater treatment and water reuse facilities across the country, meeting a growing need to address water scarcity due to population growth and aging infrastructure. Carlyle intends to fund this investment from its Carlyle Global Infrastructure Opportunity Fund.

“We are delighted to partner with Carlyle and leverage an incredibly wide range of expertise, resources and capital to benefit communities, clients and investors,” said Brian Cullen, President & CEO of VICO Infrastructure. “We recognize there is significant demand for investment in US water infrastructure and partnering with Carlyle will advance VICO’s mission to combine creativity, knowledge, experience and transparency into every living infrastructure project.”

“The Carlyle Group is thrilled to partner with Brian Cullen, a respected industry veteran, and the entire VICO platform,” said Peter Taylor, Managing Director and Co-Head of the Carlyle Global Infrastructure Opportunity Fund.  “Population growth and increased economic activity in areas with limited water supply are increasing constraints on water infrastructure. We see a significant opportunity for VICO and Carlyle to invest in these communities to deliver improved, sustainable and resilient infrastructure for all stakeholders.”

VICO and Carlyle intend to collaborate and pursue investments with public agencies, private industries, education facilities, real estate and related energy and smart-city technology projects as well as explore opportunities with Carlyle’s existing and future portfolio companies. As an example, the City of Lake Oswego, Oregon has shortlisted VICO and Carlyle as a potential preferred developer to lead the development and financing of a new wastewater treatment plant for the city.

Water industry veteran Brian Cullen established VICO in 2018. Prior to VICO, Brian served as President and shareholder of PERC Water Corporation for 17 years. He was instrumental in completing over 20 mid-sized water infrastructure projects valued in the hundreds of millions of dollars. Most notably, Brian led the Santa Paula, California public-private partnership, the first privately funded project of its kind in the US.

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 About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $222 billion of assets under management as of March 31, 2019, Carlyle’s purpose is to invest wisely and create value on behalf of our investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,725 people in 33 offices across six continents. www.carlyle.com

For media inquiries, contact Christa Zipf at Christa.Zipf@carlyle.com or at +1 (212) 813-4578.

About VICO Infrastructure

VICO Infrastructure (VICO) specializes in the creative development and efficient management of large-scale infrastructure projects. VICO’s mission is to combine creativity, knowledge, experience and transparency into every living infrastructure project.  VICO solves infrastructure challenges by partnering with its clients in a strategic and transparent manner. VICO teams with talented people, best-in-class companies and smart technologies on projects that improve quality of life, enhance communities and provide attractive returns to investors.  http://www.vicoinfrastructure.com/

For more information, contact VICO Infrastructure at connect@vicoinfrastructure.com, or +1-949-375-4892.

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