Tag Archives: infrastructure

EQT Infrastructure combines ferry companies Molslinjen and Torghatten to form pan-Nordic operator of “floating bridges”

eqt

EQT Infrastructure to launch Nordic Ferry Infrastructure (“NFI”) through the combination of Molslinjen and Torghatten, creating a pan-Nordic operator of “floating bridges” with a well-diversified portfolio of over 65 routes and 16m passengers annually

Nordic Ferry Infrastructure

Molslinjen and Torghatten will continue to operate independently under their existing brands, and Carsten Jensen, currently serving as CEO Molslinjen, is appointed CEO of NFI

EQT Infrastructure will continue to invest significantly in the decarbonization and electrifcation of NFI’s combined ferry fleet to reach long-term targets towards net zero emissions

The leading Danish and Norwegian ferry transportation companies Molslinjen and Torghatten were acquired by EQT Infrastructure in February and March 2021 respectively. The companies provide essential transportation services in their respective regions, linking major population centers, islands to mainland, and coastal communities, creating a Nordic route network of floating bridges.

The combination of Molslinjen and Torghatten forms Nordic Ferry Infrastructure, a pan-Nordic ferry operator with a well-diversified portfolio of over 65 routes operated by over 100 vessels and transporting over 16 million passengers annually. Molslinjen and Torghatten will continue to operate independently under their existing names and brands, but with close collaboration through selected centralized functions and with a group executive management team. NFI will be headquartered in Oslo, Norway, and Carsten Jensen, currently CEO of Molslinjen, will be appointed new group CEO.

Carl Sjölund, Partner within EQT Infrastructure’s Investment Advisory team, said, “Combining Molslinjen and Torghatten will allow us to accelerate platform-wide digitalization efforts and facilitate the roll-out of new commercial and operational excellence initiatives. As we are now embarking on the next phase on this exciting journey, EQT Infrastructure is proud to invest in the continued decarbonization of the companies’ fleets to further reduce the environmental footprint of ferry transportation across the Nordic seas”.

The launch of NFI comes just weeks after the add-on acquisition of ForSea, an operator of electrified ferries between Helsingborg and Helsingør, across the strait of Öresund, which will add seven million transported passengers, annually.

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

 

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Partners Group to sell CWP Renewables, a major Australian renewable energy platform

Partners Group

Sydney, Australia; 7 December 2022

  • Partners Group built CWP from the ground up, transforming it into one of the largest renewable energy platforms in Australia
  • The Platform has 1.1 GW of operational onshore wind assets, including Murra Warra I & II
  • Renewable energy is a core thematic focus for Partners Group, which seeks to invest in next-generation infrastructure assets that benefit from decarbonization trends

Partners Group, a leading global private markets firm, has, on behalf of its clients, agreed to sell CWP Renewables (“CWP” or “the Platform”), a vertically integrated renewable energy platform in Australia, to Squadron Wind Energy Assets.

CWP’s renewable energy platform spans onshore wind and battery farms, and provides power to clients including Transurban, Woolworths Group, Sydney Airport, Commonwealth Bank, and Snowy Hydro. It currently operates over 1.1 GW of wind assets including Sapphire Wind Farm, which has 75 turbines generating up to 270 MW, Murra Warra I & II (with a combined 435 MW), Bango Wind Farm (244 MW), and Crudine Ridge (142 MW). CWP’s portfolio also includes a construction-ready 414 MW wind farm and a 30 MW battery project. The Platform has a project pipeline including 5 GW of near-medium term projects and an additional 15 GW at an early stage of development.

Partners Group developed CWP from the ground up in line with its long-term and thematic approach to investing in next-generation infrastructure assets that benefit from decarbonization trends. The firm invested in Sapphire Wind Farm, the first of the CWP assets to be constructed, in 2016. In building CWP, Partners Group successfully managed projects towards commercial operation dates, installed best-in-class teams to handle daily operations, arranged long-term power purchase agreements, and implemented a portfolio debt staple to replace individual asset specific project finance facilities, all with a view to the long-term sustainability of the Platform.

Martin Scott, Head of Australia, Partners Group, says: “We are proud to have built a major renewable energy platform that is set to play a key role in decarbonizing Australia’s energy mix and supporting the country and its businesses in meeting their ambitious net zero ambitions.”

Andrew Kwok, Head of Private Infrastructure Asia, Partners Group, comments: “The Platform, including late-stage construction assets, creates enough energy to power 200,000 homes, employs more than 1,000 Australians, and avoids 2.1 million tons of emissions through its renewable power generation.”

Nick Kuys, Head of Private Infrastructure Asset Management Asia, Partners Group, adds: “The assets in the CWP platform benefit from talented operations teams and long-term contracts, which provide highly visible cashflows.”

Partners Group’s Private Infrastructure business has USD 21 billion in assets under management and has made over 130 investments in 18 countries globally. Partners Group has invested over USD 3.8 billion in renewable energy assets globally.

Completion of the transaction is subject to customary regulatory approvals. Partners Group was advised by Macquarie Capital as its financial advisor and Clifford Chance as its legal advisor.

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Partners Group to acquire Sunsure Energy, a leading renewable energy platform in India

Partners Group

Mumbai, India; 8 December 2022

  • Partners Group will invest up to USD 400 million to transform Sunsure into a next-generation independent power producer
  • Sunsure will help businesses in India meet their decarbonization targets
  • The Platform targets 3 GW of capacity from Partners Group’s equity commitment

Partners Group, a leading global private markets firm, has, on behalf of its clients, agreed to acquire a majority stake in Sunsure Energy (“Sunsure” or “the Platform”), a leading renewable energy and decarbonization solutions platform in India. Partners Group will invest up to USD 400 million in the Platform.

Founded in 2015, Sunsure has historically built solar plants for Commercial & Industrial (“C&I”) customers and third-party renewable power producers in India. Under Partners Group’s ownership, Sunsure will be transformed into a next-generation independent power producer that will build and own utility-scale solar, wind, solar-wind hybrid, and battery storage renewable energy projects. The Platform is targeting over 3 GW of operational capacity and will be focused on selling power directly to C&I customers through long-term Power Purchase Agreements (“PPAs”). The Platform also plans to help customers meet decarbonization and energy cost reduction targets by expanding the scope of existing client relationships to provide additional value-added services, such as energy-as-a-service and carbon credit management. India is the third largest electricity market in the world, with C&I customers consuming over 50% of the power generated in the country. This consumption is expected to continue rising in line with India’s real GDP growth. The vast majority of this power demand today is sourced from non-renewable sources.

Partners Group, which has extensive experience in the renewable energy and decarbonization sectors, will work closely with the Sunsure founding team and management on achieving the Platform’s vision and delivering value creation initiatives.

Luv Parikh, Managing Director, Private Infrastructure Asia, Partners Group, says: “Sunsure is a transformational, next-generation infrastructure investment opportunity in India’s growing renewable energy sector, which has been a thematic focus area at Partners Group for many years. We intend to help companies operating in India meet decarbonization goals and assist in the country’s overall energy transition. Through this investment, we will support Sunsure in executing on its pipeline of renewable projects and assist them in offering new services to C&I customers. We look forward to working with the team.”

Shashank Sharma, Founder and Chief Executive Officer, Sunsure Energy, comments: “At Sunsure, we are looking to bridge the gap between the availability of significant solar and wind energy resources in India and the production of solar and wind power. Since inception, we have delivered solar power to C&I clients across multiple industries in 16 states. We believe Sunsure’s transition into an independent power producer is the best way to ensure more businesses benefit from low-cost solar and wind power in the future. Partners Group’s extensive experience in the renewables and decarbonization sectors across North America, Europe, and Asia Pacific, as well as its financial resources, make the firm an ideal partner for the Sunsure platform.”

The Sunsure founding team includes Shashank Sharma, Shantanu Faugaat, Manish Mehta, Kartikeya N. Sharma, and Tarunveer Singh.

Bharath Rajagopalan, Member of Management, Private Infrastructure Asia, Partners Group, adds: “Sunsure is well-positioned to achieve positive stakeholder impact over the long term by helping businesses reduce their carbon emissions. There is also a strong economic rationale for India’s C&I customers to purchase renewable power directly from independent producers such as Sunsure. The government’s far-sighted and favorable renewable energy policy, as well as India’s resilient economic growth, are additional tailwinds that attracted us to Sunsure and the Indian renewable energy space.”

Partners Group’s Private Infrastructure business has USD 21 billion in assets under management and has made over 130 investments in 18 countries globally.

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Antin to invest in OpticalTel, a leading fiber broadband provider in Florida

Antin

The investment will support OpticalTel’s accelerated growth

New York, Paris, London

Antin Infrastructure Partners and OpticalTel today jointly announced that Antin has acquired a majority interest in OpticalTel, a leading fiber broadband provider in Florida. OpticalTel is Antin’s sixth investment through its mid cap fund.

Founded in 2004 by Mario Bustamante, OpticalTel is a fast-growing provider of essential high-speed internet and telecommunication services, with a focus on residential bulk contracts to customers located in homeowners and condo-owners associations. Antin’s investment will support the next chapter of OpticalTel’s growth as it deepens its customer relationships in existing markets and further expands its geographic footprint throughout the region, while continuing to deliver exceptional service to its valued customers.

Mr. Bustamante will retain an ownership stake in OpticalTel and remain on the board of directors. Luis Rodriguez, CEO and President, will continue to lead the company with the support of its long-tenured management team. As an experienced fiber investor, Antin will leverage its expertise to support OpticalTel’s business plan.

Kevin Genieser, Senior Partner at Antin, stated: “We see this partnership with the OpticalTel team as an immense growth opportunity. Fiber is at the core of modern infrastructure, providing mission-critical, low-latency bandwidth services to a customer base that has increasing demand for data. We believe OpticalTel is very well-positioned to meet this need in the fast-growing Florida market.”

Luis Rodriguez, CEO and President of OpticalTel, commented: “We are thrilled to be partnering with Antin as we enter the next chapter of OpticalTel’s journey. The strength of our relationships in the region speaks to our ability to deliver best-in-class technology and connectivity to our customers. With Antin’s support, we are excited to scale and continue executing at the highest level for those we serve.”

Mario Bustamante, Founder of OpticalTel, added: “Since founding OpticalTel 18 years ago, I have sought to provide essential connectivity services to those in my community. I am grateful to all those that helped build OpticalTel over the years and for Antin’s commitment to support the team going forward.”

Lazard and RBC Capital Markets served as financial advisors to OpticalTel while Latham & Watkins served as legal advisor. TD Securities served as financial advisor to Antin while Greenberg Traurig served as legal advisor. Citizens (administrative agent), CIT (a division of First Citizens Bank) and TD Securities acted as lead arrangers on the debt financing.

The transaction is expected to close in early 2023, subject to customary regulatory approvals.

 

About OpticalTel

Founded in 2004 and based in Coral Gables, Florida, OpticalTel is a regional fiber broadband provider serving large areas of South and Central Florida. OpticalTel offers a wide range of products and services, including high-speed internet, cloud-based video, and digital telephony services. OpticalTel serves a variety of communities including homeowners and condo-owners associations, student housing and assisted living facilities.

 

About Antin Infrastructure Partners

Antin Infrastructure Partners is a leading private equity firm focused on infrastructure. With over €29 billion in assets under management across its Flagship, Mid Cap and NextGen investment strategies, Antin targets investments in the energy and environment, digital, transport and social infrastructure sectors. With offices in Paris, London, New York, Singapore and Luxembourg, Antin employs over 190 professionals dedicated to growing, improving and transforming infrastructure businesses while delivering long-term value to portfolio companies and investors. Majority owned by its partners, Antin is listed on Euronext Paris (Ticker: ANTIN – ISIN: FR0014005AL0).

 

Media Contacts

Antin Infrastructure Partners

Nicolle Graugnard, Communication Director

Email: nicolle.graugnard@antin-ip.com

 

Ludmilla Binet, Head of Shareholder Relations

Email: ludmilla.binet@antin-ip.com

 

Brunswick

Email: antinip@brunswickgroup.com

Tristan Roquet Montegon +33 (0) 6 37 00 52 57

Gabriel Jabès +33 (0) 6 40 87 08 14

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DIF invests in large scale fibre rollout in Germany | press release

DIF

DIF Capital Partners will acquire a majority stake in ruhrfibre, and fund the buildout of a large scale fibre network in Essen (Germany) targeting around 150,000 households. The project marks a shift in Germany, where the number of urban fibre connections is still low and rollout in larger cities to date has not been attracting substantial private investments. Alongside DIF, the company is formed by project developer metrofibre and the City of Essen.

With DIF, through its DIF CIF III fund, as funding partner, ruhrfibre commits to a large scale fibre rollout throughout Essen. The project is a game changer to the city in the industrial Ruhr-area in terms of its economic advancement and will accelerate Essen’s development into a smart city.

Currently, Germany ranks 34th in terms of fibre penetration with only four OECD countries having a lower rate. This is not just the situation in German rural areas, but also in urban areas like Essen, where currently only 5% of households have a fibre connection.

In Essen, ruhrfibre will develop, construct and operate an urban fibre-to-the-home network that is primarily focusing on connecting private households, as well as public and business customers to high-speed internet. Over the next few years, the company will roll out a network of more than 1,000 km of fibre in the city.

“We firmly believe in the importance of an improved digital infrastructure in the beating heart of the Ruhr-region and helping Essen to become a smart city. For us, it’s an investment that perfectly fits in our CIF fund strategy, which focuses on small to mid-market infrastructure investments, of which the digital infrastructure space is a priority sector,” says Willem Jansonius, partner and head of investments of CIF at DIF Capital Partners.

The completion of the acquisition is subject to antitrust approval.

Earlier this week, DIF announced the expansion of its digital infrastructure team in Europe.

About DIF Capital Partners

DIF Capital Partners is an independent infrastructure fund manager, with more than EUR 15 billion of AUM. DIF was founded in 2005 and has built a leading position in managing mid-market investments, primarily in Europe, North America and Australia.

DIF follows two strategies: its traditional DIF funds invest in lower risk mid-sized infrastructure projects and companies in the energy transition (incl. renewables) and utilities sector, as well as PPPs and concessions. The firm’s CIF funds invest in small to mid-sized companies that will thrive in the new economy. These companies are typically active in the digital, energy transition and sustainable transportation sector.

With a team of over 200 professionals in 11 offices, DIF Capital Partners offers a unique market approach combining global presence with the benefits of strong local networks and investment capabilities. DIF is located in Amsterdam (Schiphol), Frankfurt, Helsinki, London, Luxembourg, Madrid, New York, Paris, Santiago, Sydney and Toronto.

For more information please visit www.dif.eu.

 

Contact DIF: Diederik Heinink, d.heinink@dif.eu

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Eurazeo announces the first close of its Transition Infrastructure fund to support the transition to a low carbon economy with a commitment from the european investment fund backed by Investeu.

Eurazeo
  • Eurazeo is delighted to announce that the Eurazeo Transition Infrastructure Fund (ETIF or the Fund) has reached first close with €210million commitments from EIF and a range of institutional investors.
  • The European Investment Fund has made a cornerstone investment of €75 million. The agreement is supported by the InvestEU program.
  • As of today, the fund has a portfolio of 3 investments in 3 sectors across 3 European countries.

With the first close of the Fund, Eurazeo strengthens its commitment to climate change mitigation and decarbonization across the transition infrastructure asset class.

As the world transitions towards a more sustainable and resilient low carbon future, the objective of the Fund is to invest in transition infrastructure, including the energy transition, the digital transition, clean transport, and circular economy. The fund is classified as an Article 9 fund under the European Sustainable Finance Disclosure Regulation (SFDR).

The European Investment Fund has made a cornerstone investment of €75 million, using resources from the European Investment Bank and InvestEU, which helps generate additional funding in key European priorities such as the green transition. In addition to Eurazeo’s commitment of €100m, several institutional investors have made commitments to the Fund.

ETIF has already allocated substantial capital to a portfolio of three sustainable infrastructure companies.

The Fund has been seeded with 3 investments. These 3 portfolio companies, headquartered in 3 different European countries, operate in 3 different sub-sectors: Ikaros Solar (Belgian rooftop solar developer), Resource (joint venture to develop a plastic waste sorting plant in Denmark) and Electra (French headquartered electric vehicle charging point operator).

Alain Godard, managing director, European Investment Fund:

“Contributing to the EU’s green transition is a priority for the EIF. We are therefore very glad to be doing our part and investing in a fund that will make real, tangible and meaningful steps in the direction of meeting the EU’s climate targets. Investing in climate funds is a key priority for EIF, and with the support of the new InvestEU programme, we are further strengthening our contribution to the EIB Group climate action agenda.”

Paolo Gentiloni, European Commissioner for Economy:

“Developing the transition infrastructure needed to decarbonise our economies will require significant and sustained investment. InvestEU is an innovative and powerful tool that is helping to harness this investment. I am delighted that, with this agreement, InvestEU is channelling the finance needed to accelerate the deployment of a new green economy.”

Laurent Chatelin, Partner and Elise Dupuy Vaudour, Chief Operating Officer – Eurazeo – Infrastructure:

“Climate change is pushing global warming to an unprecedented high; primarily because of carbon emissions from human activity. By taking a holistic approach across the transition infrastructure space, the Eurazeo Transition Infrastructure Fund will accelerate the deployment of capital to support the continued decarbonization of our societies, helping Europe achieve energy sovereignty and a sustainable future. We would like to thank the EIF for their trust and renewed confidence in Eurazeo’s teams, as well as our other investors who have committed to invest sustainably through ETIF. With them, we believe we are well positioned to deliver on ETIF’s ambition.”

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HOFI welcomes Antin Infrastructure Partners as a long-term strategic partner

Antin

HOFI, the leading funeral infrastructure operator in Italy, is pleased to welcome Antin as a new long-term strategic partner. All the current shareholders of HOFI, including Augens Capital, will continue to support the company, sending a strong message of continuity.

Founded in 2019 in Milan, HOFI has become a trusted provider of funeral services to Italian families, building a strong network of funeral infrastructure across Northern Italy and supporting bereaving families. HOFI looks forward to continuing this growth, including partnering with additional funeral infrastructure operators that provide high quality services to families.

“HOFI’s mission is to provide the highest level of service to bereaving families during difficult times. With Antin, we are welcoming a new long-term partner which will allow us to provide these high-quality services to additional communities and families” said Marco Mantica, Chairman of HOFI.

“With this partnership we enhance HOFI’s ability to be the preferred partner to long-standing traditional funeral providers that share our values” said Andrea Cerato, Sandro Lorandi, Luca Oliva, Angelo Pedretti shareholders and directors of HOFI.

Angelika Schöchlin, Senior Partner at Antin, commented: “We are delighted to work alongside such long-standing and trusted partners to continue HOFI’s essential mission of supporting Italian families.”

***

HOFI

HOFI S.p.A. is the the leading funeral infrastructure operator in Italy, providing funeral services and other assistance related to the loss of a beloved person. HOFI’s mission is to deliver the highest level of support to bereaving families during difficult times. In 2022, the company will support over 10,000 families with funeral services in Lombardia, Veneto, Emilia-Romagna, Trentino-Alto Adige and Marche through its network of 13 funeral homes. For more information on HOFI, please visit: https://hofispa.com/.

Augens Capital

Augens Capital is an investment company founded in 2014 to pursue investments in Italian mid-market companies with a specific focus on family businesses and situations that present opportunities of sector consolidation. Augens invests primarily in the business services, healthcare and consumer sectors.

Antin Infrastructure Partners

Antin Infrastructure Partners is a leading private equity firm focused on infrastructure. With over €29bn in assets under management across its Flagship, Mid Cap and NextGen investment strategies, Antin targets investments in the energy and environment, telecom, transport and social infrastructure sectors. With a presence in Paris, London, New York, Singapore and Luxembourg, Antin employs over 190 professionals dedicated to growing, improving and transforming infrastructure businesses while delivering long-term value to portfolio companies and investors. Majority owned by its partners, Antin is listed on compartment A of the regulated market of Euronext Paris (Ticker: ANTIN – ISIN: FR0014005AL0).

***

For further clarifications on the details of the transaction, please refer to the following contacts:

HOFI

Paolo Paganella, CFO | paolo.paganella@hofispa.com

 

Press office: Comin & Partners

Giorgia Bazurli, Media Relations Manager | giorgia.bazurli@cominandpartners.com | +39 349 2840676

Giulia Palocci, Media Relations Consultant | giulia.palocci@cominandpartners.com | +39 340 8436158

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CVC Fund VIII to acquire 50% of Gridspertise, an Enel Group company focused on digital transformation of power grids

CVC Capital Partners Fund VIII is pleased to announce the signing of an agreement with Enel Group to acquire 50% of Gridspertise, a leading smart grid OEM serving electricity infrastructure operators owned by the Enel Group through Enel Grids.

Gridspertise is an energy transition enabler, providing essential hardware, software and services to electricity infrastructure operators. Its products help customers transform traditional electricity distribution grids into smart grids and respond to the steep growth in power consumption demands.

Thanks to its high-quality products and innovative technology, Gridspertise is well-positioned in a large and global market of around €30 billions, with market leader positions in Italy, Brazil, Latin America and Spain and with strong global ambitions.

The product offering of Gridspertise includes smart electricity meters, smart grid devices – namely devices installed at a higher level of the electricity value chain which record energy flows and automate energy dispatching decisions – and software and services to enable these systems to function.

Quotes

Gridspertise is a unique opportunity to leverage the growth of energy transition incentives offered by authorities worldwide

Jiri ZrustPartner, Head of Infrastructure at CVC

Andrea Ferrante, Senior Managing Director at CVC, said: “We are excited about this investment and look forward to working closely with Enel and the management team led by Robert Denda to further improve Gridspertise’s go-to-market capabilities, diversify the current geographical footprint and optimise operational performance.”

“Our global expertise in the space of energy infrastructure, with investments in Naturgy, PPC and PKP Energetyka, has been crucial to position ourselves as a reliable partner for Enel in Gridspertise. Gridspertise is a unique opportunity to leverage the growth of energy transition incentives offered by authorities worldwide”, added Jiri Zrust, Partner, Head of Infrastructure at CVC.

The transaction is expected to close in Q4 2022 and is subject to customary closing conditions.

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DIF Capital Partners invests in leading global renewable energy platform Qair

Qair, a fast growing renewable energy platform company, and DIF Capital Partners, a leading global independent investment manager, are pleased to announce that they have signed a partnership agreement whereby DIF, through DIF Infrastructure VII, will invest in the company to accelerate its growth and portfolio build out.

Qair is an independent power producer that develops, owns, and operates multi-technology renewable energy projects. The platform is focused on a wide range of technologies including onshore and offshore wind, utility scale solar, energy from waste, hydroelectricity, (battery) storage, hydrogen production, as well as tidal energy. Qair is a global player with a presence in 20 countries. The majority of its activities are based in France, Poland, Germany, Italy, Spain and Brazil. The company has 550 employees and is headquartered in Paris, France.

Qair has an operational portfolio of c. 1 GW, which is mainly comprised of (onshore) wind (c. 75%) and solar projects, as well as a development pipeline of 25 GW. The company benefits from strong development capabilities and foresees to add around 4 GW of renewable projects over the next five years.

Louis Blanchard, CEO of Qair: “With my partners Jean Marc Bouchet and RGreen, and the broader Qair team, we are happy to welcome DIF Capital Partners and join forces to pursue the development of our group’s strategy. We are confident that with the entrepreneurial spirit that drives us both, DIF will offer us the best support in our mission to accelerate the energy transition, especially within the current complex energy market.”

Gijs Voskuyl, Partner at DIF and Head of Investments for DIF Infrastructure VII adds: “DIF is delighted to partner with Qair and its management team and support them in their next phase of growth. We believe the company has built up an excellent track record and an impressive pipeline across a wide range of renewable energy sectors and countries and is very well positioned to play a leading role in the continuous decarbonization of the global economy”.

Qair was advised by August Debouzy, PSP Avocats, NM Advisory, 8 Advisory, PwC, Niddam-Drouas and Drooms. DIF was advised by Astris Finance, KPMG, H3P, Clifford Chance, UL, DNV, Baringa and Marsh.

About DIF Capital Partners

DIF Capital Partners is a leading global independent investment manager, with ca. EUR 14 billion in assets under management across eleven closed-end infrastructure funds and several co-investment vehicles. DIF invests in infrastructure companies and assets located primarily in Europe, the Americas, and Australia through two complementary strategies:

  • DIF CIF funds, of which DIF CIF III is the latest vintage, target equity investments in small to mid-sized core-plus infrastructure companies in the telecom, energy transition, and transportation sectors.
  • Traditional DIF funds, of which DIF Infrastructure VII is the latest vintage, target core and build-to-core infrastructure equity investments with long-term contracted or regulated income streams including public-private partnerships, concessions, utilities, and energy transition projects (incl. renewable energy).

DIF Capital Partners has a team of over 200 professionals, based in eleven offices located in Amsterdam (Schiphol), Frankfurt, Helsinki, London, Luxembourg, Madrid, New York, Paris, Santiago, Sydney, and Toronto. For more information please visit www.dif.eu.

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

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DIF Capital Partners acquires a majority stake in French EV charging operator Bump

DIF

DIF Capital Partners (“DIF”) is pleased to announce that DIF Core-plus Infrastructure Fund III has closed the acquisition of a 55% stake in Bump SAS (“Bump” or the “Company”), a Paris-headquartered Charge Point Operator (“CPO”) that designs, installs, operates and owns Electric Vehicle (“EV”) charging infrastructure.

The Company has a unique positioning by securing mid to long term contracts primarily with EV fleet operators, both in fleet depots and in third party car parks mostly in Paris and Lyon. Founding shareholders include the management team, as well as Otoqi, a mobility services platform, and Firalp, a building contractor specialized in electrical & digital networks. All founding shareholders will remain invested in the Company.

Since inception Bump managed to develop a fast growing existing EV charging infrastructure base, with an expected portfolio of over 1,700 charge points installed or signed by the end of 2022. DIF’s investment will support the Company in significantly growing the portfolio of charge points with the ambition to be one of France’s market leaders in the fast growing B2B segment.

France is a key target market for DIF and is served locally by its 13-person strong team in Paris. The investment in Bump is DIF’s second investment in the sector after the acquisition of a majority stake in Plugit Oy, a leading Finnish EV charging infrastructure company, last year.

Willem Jansonius, Partner and Head of Investments for the DIF CIF strategy, says: “DIF believes that the electrification of transportation will play a critical role in reducing carbon emissions. We are impressed by the management team of Bump and what the Company has realised to date. We are excited to invest alongside the existing shareholders to speed up the rollout of charging infrastructure across France, which is expected to become the second largest EV charging market in Europe”.

François Oudot, CEO of Bump, adds: “We are excited about this opportunity to accelerate our growth and tap the booming French EV market. Partnering with DIF will enable us to secure long term financial resources and benefit from their experience in supporting large capex roll out programs”.

Bump was advised by Celsius Avocats (legal), Finergreen (M&A) and E-Cube (commercial). DIF was advised by Gide (legal and tax), H3P (M&A), Boston Consulting Group (commercial), DNV (technical), Marsh (insurance) and PwC (finance and model audit).

About DIF Capital Partners

DIF Capital Partners is a leading global independent investment manager, with ca. EUR 14 billion in assets under management across eleven closed-end infrastructure funds and several co-investment vehicles. DIF invests in infrastructure companies and assets located primarily in Europe, the Americas, and Australia through two complementary strategies:

  • DIF CIF funds, of which DIF CIF III is the latest vintage, target equity investments in small to mid-sized core-plus infrastructure companies in the telecom, energy transition, and transportation sectors.
  • Traditional DIF funds, of which DIF Infrastructure VI is the latest vintage, target core infrastructure equity investments with long-term contracted or regulated income streams including public-private partnerships, concessions, utilities, and energy transition projects (incl. renewable energy).

DIF Capital Partners has a team of over 190 professionals, based in eleven offices located in Amsterdam (Schiphol), Frankfurt, Helsinki, London, Luxembourg, Madrid, New York, Paris, Santiago, Sydney, and Toronto. For more information please visit www.dif.eu.

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

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