Tag Archives: infrastructure

DIF Capital Partners and PERENfra announce North American water infrastructure partnership

DIF

DIF Infrastructure Fund VI, managed by DIF Capital Partners (“DIF”) and PERENfra LLC (“PERENfra”) are pleased to announce the signing of a partnership agreement to develop and acquire water infrastructure opportunities in North America. The partnership will focus on all areas of water for municipal and industrial uses, targeting large scale investments towards development of a significant portfolio of over USD $1.5 billion.

PERENfra is led by an experienced management team with a strong network in the water sector and has several investment opportunities already in process. DIF’s complementary expertise in development and infrastructure investment as well as access to capital through its DIF Infrastructure Fund VI will help accelerate growth of the portfolio. The partnership’s investment strategy focuses on both acquisitions of operational projects and late-stage development projects targeting water efficiency and reliability while providing positive social and environmental impacts.

Jeff Nelson, Founder and CEO of PERENfra said “We are proud and excited to partner with DIF to provide essential water infrastructure in North America and beyond. There is a transition coming in water infrastructure, and as the needs for water continue to become more complex, we have built an industry leading team with the right partners to provide safe, sustainable, efficient solutions for the long-term.”

“Significant capital is required for necessary upgrades in water infrastructure systems across North America. DIF is pleased to be partnering with the experienced specialist team at PERENfra in pursuit of critical investments in essential water infrastructure.” said Marko Kremer, Head of DIF North America.

DIF was advised by Allen & Overy (legal). PERENfra was advised by Davis Graham & Stubbs (legal) and Mount Vernon Partners (transactional).

 

About DIF Capital Partners:

DIF Capital Partners is a global independent investment fund management company with approximately €8.5 billion of funds under management. Through nine investment funds, DIF Capital Partners invests in high-quality infrastructure assets that generate long-term and stable cash flows, including water, transportation, renewable energy, regulated utilities, and other infrastructure projects in North America, Europe, South America and Australia.

https://www.dif.eu/

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

 

About PERENfra:

PERENfra is a United States based infrastructure company focused on operational and development opportunities in the water sector across various geographies. PERENfra takes a long-term approach to owning and operating essential assets and our team has a reputation of providing efficiency and certainty for our clients and partners. PERENfra currently owns and operates assets providing municipal water supply and environmental conservation.

https://www.perenfra.com/

 

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EQT Infrastructure to sell Segra Commercial Services Business

  • EQT Infrastructure to sell Segra’s Commercial Services Business, a leading fiber-based provider of bandwidth services to commercial enterprise and wholesale carrier customers in the Mid-Atlantic and Southeast regions of the U.S., to Cox Communications
  • EQT Infrastructure to retain Segra’s residential and SMB business, where EQT Infrastructure has strengthened its commitment to support the business’ next phase of growth
  • Segra was created by EQT Infrastructure through the combination of three geographically contiguous businesses into a super-regional fiber infrastructure provider with an enhanced product portfolio and improved service capabilities
  • During EQT Infrastructure’s ownership, Segra experienced substantial growth and margin expansion through its investment in both new and existing markets, strategic add-on acquisitions and other operational initiatives

EQT is pleased to announce that the EQT Infrastructure III fund (“EQT Infrastructure”) has agreed to sell Segra’s Commercial Services Business to Cox Communications (“Cox”). EQT Infrastructure will retain Segra’s residential and SMB business, which operates under the Lumos Networks and NorthState brands.

Headquartered in Charlotte, North Carolina, Segra employs more than 1,200 people and provides broadband data services across a 26,000-mile fiber network to a variety of customers including wireless carriers, healthcare providers, local government agencies, financial institutions, education institutions, and residential customers. Ongoing digitalization and outsourcing trends are driving demand for broadband services, particularly in rapidly growing US metro markets such as the ones Segra serves. Together with the management team, EQT supported Segra in its organic and inorganic growth strategies and integration success to develop into the leading super regional fiber company it is today.

At the same time, EQT and the management team scaled Segra’s residential and SMB business by building out fiber to existing and new customers as well as through strategic add-on acquisitions.    Following the transaction, EQT plans to significantly accelerate the build-out of fiber-to-the-premise (“FTTP”) throughout the region, bringing high speed fiber bandwidth for the first time to a large number of markets, many of which to date, have been disadvantaged by no or low availability of quality high speed broadband connectivity.

“We are pleased to have found a good long-term home for Segra’s Commercial Services Business with Cox. Segra has transformed into an integrated, leading provider of broadband services to a variety of enterprise and carrier customers, and we are proud of the achievements we have accomplished alongside management. We thank Tim, the management team and employees, and the advisors in the EQT Network for their vision and guidance,” said Jan Vesely, Partner and Investment Advisor at EQT. “Furthermore, we are excited to retain the residential business and to accelerate the buildout of fiber to residential and SMB customers, bringing fiber to many underserved markets.”

Timothy Biltz, CEO of Segra, said, “EQT has been a great partner throughout Segra’s transformational journey, and we thank them for their guidance and support for nearly four years. Going forward, we are excited to work with Cox and look forward to leveraging their resources, capabilities and strategic insights to meet growing customer demand and accelerate long-term growth.”

The transaction is subject to customary conditions and approvals and is expected to close later in 2021.

Bank Street Group LLC and Goldman Sachs & Co. LLC acted as financial advisors and Simpson Thacher & Bartlett LLP acted as legal advisor to Segra.

Contact
US inquiries: Stephanie Greengarten, +1 646 687 6810, stephanie.greengarten@eqtpartners.com
International inquiries: EQT Press Office, +46 8 506 55 334, press@eqtpartners.com

About EQT
EQT is a purpose-driven global investment organization with more than EUR 67 billion in assets under management across 26 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately EUR 29 billion and more than 175,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, Twitter, YouTube and Instagram

About Segra
Segra is one of the largest independent fiber infrastructure bandwidth companies in the Eastern U.S. It owns and operates an advanced fiber infrastructure network throughout nine Mid-Atlantic and Southeastern states. Segra provides Ethernet, MPLS, dark fiber, advanced data center services, IP and managed services, voice and cloud solutions, all backed by its industry-leading service and reliability. Customers include carriers, enterprises, governments, higher education and healthcare organizations. For more information about Segra’s technology and commitment to customer care, visit www.segra.com.

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Eurazeo launches the EURAZEO sustainable Maritime Infrastructure Thematic Fund

Eurazeo

Eurazeo is delighted to announce the launch of the Sustainable Maritime Infrastructure thematic fund (the Fund) to finance more environmentally friendly infrastructure and technologies in the maritime sector that support the transition to a low carbon economy. As a consequence, the fund will have the objective of pursuing sustainable development within the meaning of Article 9 of Regulation (EU) 2019/2088 (known as the “Disclosure Regulation”) and will participate directly in the deployment of O+, the Group’s ambitious ESG strategy – one of the pillars of which is the achievement of net carbon neutrality by 2040.

Currently, 90% of the world’s goods are transported by sea. Therefore, the decarbonisation of the maritime sector is crucial to the fight against climate change. To meet this challenge, the Fund will mainly finance three types of infrastructure: ships equipped with advanced technologies that negate or curtail environmental harm, innovative harbor equipment, and assets that contribute to the development of offshore renewable energy.
The Fund will support around fifty European facilities that will back the transition of the maritime economy to become carbon neutral by 2050 and in line with the ambition announced in the European Green Deal. Several renowned sovereign and institutional investors have already confirmed their involvement in the Fund, which has a target size of €300M.

The Fund, which will be managed by Idinvest Partners, offers investors with a limited risk appetite a highly desirable solution thanks to its asset financing operations, which will generate quarterly distributions from rents received on maritime assets. The Fund will directly own these maritime assets to further limit risk. As such, the Fund will benefit from Solvency Capital Requirement of less than 10%.
Since January 1 2020, shipping companies must significantly reduce their emissions under the International Maritime Organisation’s (IMO) new regulation on the reduction of the sulphur content of fuels (to 0.5% from 3.5%). This regulation is part of the IMO’s worldwide strategy and aims to reduce the shipping industry’s total greenhouse gas (GHG) emissions by at least 50% by 2050, relative to 2008 levels. The Fund will contribute to the reduction of GHGs as well as sulphur oxides (Sox) and nitrogen oxides (NOx) emissions, which are particularly harmful to air quality.

Christophe Bavière, member of Eurazeo’s Executive Board
Eurazeo is particularly proud to present to its investors a solution that meets Article 9 criteria. Many investors are in search for an investment program that has a concrete impact in the decarbonisation and the ecological transition. Eurazeo Sustainable Maritime Infrastructure thematic fund distinguishes itself by a reinforced protection of the capital.
Our new fund is a financing tool that will contribute to the reduction of greenhouse gas and sulphur, reduction measured audited by independent experts, then communicated to our investors. Its implementation, the process of which has been evaluated with full transparency by independent organisations, underlines our aims and ambitions to deploy meaningful funds that provide a response to the environmental and climatic challenges of our time.

Eurazeo is a leading global investment group, with a diversified portfolio of €21.8 billion in Assets Under Management, including €15.0 billion from third parties, invested in over 450 companies. With its considerable private equity, real estate

EURAZEO CONTACTS PRESS CONTACT
PIERRE BERNARDIN
HEAD OF INVESTOR RELATIONS
mail : pbernardin@eurazeo.com
Tél : +33 (0)1 44 15 16 76

VIRGINIE CHRISTNACHT
HEAD OF COMMUNICATIONS
mail: vchristnacht@eurazeo.com
Tel: +33 1 44 15 76 44

MAITLAND/amo
DAVID STURKEN
mail:dsturken@maitland.co.uk
Tel: +44 ( 7990 595 913

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DIF Capital Partners agrees to sell a portfolio of European PPP assets to Equitix

DIF

DIF Capital Partners (“DIF”) is pleased to announce that DIF Infrastructure III (“DIF III”) and DIF Infrastructure IV (“DIF IV”) have agreed to the sale of their stakes in a portfolio of six European PPP assets to Equitix, a leading UK and European infrastructure fund manager.

The portfolio consists of shareholdings in a number of critical infrastructure projects that DIF invested into as primary transactions: A1/A6 Road, IJmond Sea Lock and N18 Road in the Netherlands; A7 Nord Road and Netz West Rolling Stock in Germany; as well as the KAV Vienna Hospital in Austria. With the exception of IJmond Sea Lock which is currently in the final stages of construction, all of the projects are operational under availability-based contractual structures that are backed by strong public counterparties.

Andrew Freeman, Head of Exits at DIF, said: “We are very pleased with the sale of this well diversified and optimised portfolio of North-Western European PPP assets which represents an attractive exit for our DIF III and DIF IV investors. We believe Equitix is an excellent counterparty and is perfectly positioned to manage the assets until maturity.”

Hugh Crossley, Chief Investment Officer for Equitix, said: “As we continue to diversify and grow our European portfolio, we are always looking out for attractive opportunities to acquire high-quality assets that meet our responsible investment criteria. The DIF portfolio does just this and will allow us to leverage our continental expertise for the benefit of investors in our European Infrastructure Fund.”

DIF was advised on the transaction by Cantor Fitzgerald and PwC (financial), Allen & Overy (legal), PwC (tax & accounting), as well as Atkins and Arup (technical).

Equitix was advised by CMS (legal), Deloitte (tax and accounting) and Arcadis (technical).

Closing of the transaction is subject to the receipt of customary approvals and consents.

About DIF Capital Partners

DIF Capital Partners is a leading global independent fund manager, with €8.5 billion of assets under management across nine closed-end infrastructure funds and several co-investment vehicles. DIF Capital Partners invests in greenfield and operational infrastructure assets located primarily in Europe, the Americas and Australasia through two complementary strategies:

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

DIF Capital Partners has a team of over 160 professionals, based in nine offices located in Amsterdam (Schiphol), Frankfurt, London, Luxembourg, Madrid, Paris, Santiago, Sydney and Toronto. For further information please visit www.dif.eu.

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

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KLAR Partners funds acquire ITS Kanal Services AG in Switzerland to build Europe’s leading underground infrastructure maintenance (“UIM”) service provider

Funds advised by KLAR Partners Limited (“KLAR Partners” or “KLAR”) have signed an agreement to acquire ITS Kanal Services, a corporate carve-out from ISS Schweiz AG and Switzerland’s leading player within UIM. The acquisition is in line with KLAR’s investment strategy to make control investments in companies providing mission critical services in resilient and growing markets. ITS Kanal Services is KLAR’s first acquisition in Switzerland.

ITS Kanal Services offers underground infrastructure maintenance services in a resilient market across eight locations in Switzerland. The company’s services consist of UIM cleaning and maintenance through flushing and inspection, as well as UIM maintenance and repair. The company has a large and well-diversified customer base consisting of local municipalities, industrial customers as well as private and institutional property owners. With almost 300 employees, ITS Kanal Services is the largest UIM service provider in Switzerland.

“We are delighted to announce our first acquisition in Switzerland, which constitutes a significant milestone for KLAR and highlights our strong local networks across Europe. ITS Kanal Services is one of the few fully integrated full-service platforms in Europe and the clear market leader in UIM digitization and integrated portfolio solutions, providing a solid foundation for future growth. We look forward to working together with the highly experienced and entrepreneurial management team to further strengthen its leading position in Switzerland and develop the company into a European market leader”, commented Florian Bandel, KLAR Team Leader.

“We have built a fully integrated, scalable and nimble platform over the last 20 years and are grateful for the support ISS has provided us with over that period. Through our partnership with KLAR, ITS Kanal Services enters an exciting and new phase of its growth journey. KLAR’s deep and focused sector expertise within the business services sector will enable us to better serve our customers, rapidly extend our footprint and roll-out our digital solutions and service innovations”, said Urs Aschwanden, Managing Director of ITS Kanal Services.

For more information:
Carl Johan Falkenberg
cj@klarpartners.com
+44 7918 941 391

About KLAR Partners
KLAR Partners is a European private equity company focused on investments in companies operating in business services and light industrials. The companies in which KLAR invests each have an annual turnover of approximately €50-500 million and are headquartered in the Nordics, Benelux or DACH regions. With investment professionals located in London, Stockholm, Frankfurt and Brussels, and together with a broad international network in the industry, KLAR has a proven business model to support, develop and grow companies. KLAR’s senior professionals have worked together for many years and have more than 50 years of combined investment experience in KLAR’s industry-specific and geographical focus area.  KLAR Partners is a signatory of United Nations Principles for Responsible Investment. More information about KLAR can be found on the company’s website at www.klarpartners.com.

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KKR and DTCP Roll Out Fiber Infrastructure in the Netherlands

DTCP

Open access platform to deploy FttH broadband to a minimum 1 million homes by 2025, across urban and higher population density areas

T-Mobile Netherlands to become the first major tenant

The Hague, 7 April 2021 – KKR, a leading global investment firm, and DTCP, an investment management platform focusing on digital infrastructure and growth equity, today announced the launch of Open Dutch Fiber and a strategic agreement between Open Dutch Fiber and T-Mobile Netherlands.

Open Dutch Fiber, an independent platform majority owned by KKR and with DTCP as minority shareholder, will deploy Fiber-to-the-Home (“FttH”) broadband in the Netherlands across urban and higher population density areas, delivering high-quality fiber connections to Dutch households and businesses.

The platform has an open architecture and will make wholesale fiber services available to all operators. Open Dutch Fiber will begin operations in Q2 2021 with a fully-funded commitment for an envisaged capital expenditure of approximately €700 million and construction agreements already in place.

Open Dutch Fiber will be led by Jordi Nieuwenhuis and Uwe Nickl. Jordi and Uwe have a proven track record of delivering rapid, high-quality and cost-effective programmes to deploy fiber broadband. Most recently they were co-CEOs of Deutsche Glasfaser in Germany, supporting the rollout of next-generation digital infrastructure to more than 1 million homes and 6,000 businesses. Prior to his role at Deutsche Glasfaser, Jordi co-founded Reggefiber in the Netherlands. They will be joined at Open Dutch Fiber by Michael Griffioen as CEO, who will oversee the company’s day-to-day operations.

To support the rollout, Open Dutch Fiber has signed an agreement with T-Mobile Netherlands, the leading mobile operator and FMC challenger in the Netherlands. T-Mobile Netherlands, which currently has a mobile base of 6.8 million customers and a fixed base of 682,000, will be the anchor tenant for Open Dutch Fiber with a 20-year agreement.

Jordi Nieuwenhuis, co-founder of Open Dutch Fiber, said: “High-quality and reliable fiber connectivity is essential for the Netherlands and this has only been accelerated with the structural changes to working patterns of companies and citizens brought about by the COVID-19 crisis. We are building a digital infrastructure platform with open access to all operators, to ensure an efficient and rapid deployment of capital resources, while avoiding uneconomical overbuild. We look forward to making a significant contribution to the digitization of the Netherlands to benefit Dutch households and businesses.”

Cristina González, Managing Director in KKR’s EMEA Infrastructure team, said: “We are excited about the opportunity ahead for Open Dutch Fiber as an independent FttH platform in the Netherlands, and one which will support the rollout of critical infrastructure for Dutch society. KKR will support Open Dutch Fiber with capital and deep expertise in delivering large-scale fiber deployment programmes.”

“The creation of Open Dutch Fiber is an important milestone in the acceleration of fiber rollout in the Netherlands and a blueprint for innovative financing solutions in European digital infrastructure. We are firm believers in the sharing of digital infrastructure and are establishing Open Dutch Fiber as an open access model, enabling attractive economics for operators and best prices for consumers. We look forward to the collaboration with our partners”, said Vicente Vento, Co-Founder and CEO of DTCP.

KKR will be making the investment through its Global Infrastructure Investors Funds. KKR first established its Global Infrastructure strategy in 2008 and has since been one of the most active infrastructure investors around the world with a team of more than 50 dedicated investment professionals. The firm currently manages over $27 billion in infrastructure assets and has made over 40 infrastructure investments across a range of sub-sectors and geographies. Open Dutch Fiber will benefit from KKR’s expertise in digital infrastructure and fiber deployment, following similar recent investments in Deutsche Glasfaser in Germany, Hyperoptic in the UK and FiberCop in Italy.

DTCP Infra invests in European digital infrastructure across three verticals: towers, fiber, and data centers. The DTCP Infra team has an established track record creating innovative solutions for digital infrastructure development in collaboration with its financial and industrial partners. The firm’s investments in Swiss Towers and in Community Fiber provide relevant experiences for the benefit of Open Dutch Fiber.

Morgan Stanley acted as exclusive financial advisor and De Brauw Blackstone Westbroek as legal advisor to Deutsche Telekom/T-Mobile. Clifford Chance acted as legal advisor to KKR and DTCP.

-ends-

About KKR

KKR is a leading global investment firm that offers alternative asset management and 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 The 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 and on Twitter @KKR_Co.

About DTCP

DTCP is an investment management platform focused on digital infrastructure and growth equity. Founded in 2015, the firm has raised more than $1 billion in funds from corporate and institutional investors and invested in over 60 companies. DTCP Infra invests in digital infrastructure across mobile towers, fiber, and data centres. DTCP Growth invests in leading enterprise application and infrastructure software companies. DTCP has a dedicated team supporting its portfolio companies and its industrial partners. DTCP is headquartered in Hamburg with offices in Menlo Park, Tel Aviv, and Seoul. To learn more about DTCP, please visit dtcp.capital, or on Twitter @dtcp_capital.

Media contact

Alastair Elwen, FGH

+44 20 7251 3801 | KKR-Lon@finsbury.com

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Gimv invests in Verkley, a specialist contractor in cable and pipeline networks for energy and water

GIMV
Topic: Investment

Gimv announces that it has acquired a majority shareholding in Verkley, which specialises in building and maintaining underground cable and pipeline networks for energy and water. Gimv has acquired the shares from PMH Investments in Heerenveen). Verkley’s experienced management is also reinvesting. In cooperation with Gimv, Verkley is keen to anchor and expand its activities as an important northern Dutch player in underground infrastructure in a sustainable way.

Investment in public utilities is a must: with solar energy and wind power coming to the fore, and with growing demand for electrical energy for electric vehicles, heat pumps, ICT systems and other uses, today’s electricity networks are inadequate for the future. In the northern Netherlands in particular, many electricity networks need to be significantly reinforced. Parallel with this comes water transition: water resources made scarcer by climate changes demand good management, including major investments to maintain and replace existing drinking water networks.

The opportunities and growth possibilities for a well-reputed player like Verkley (Drachten – NL, www.verkley.nl) are great. For 50 years, the company has been building mains and connecting piping for network companies in the northern Netherlands. Next to that Verkley specialises in consultancy, engineering and project management for cable and pipeline networks. In order to deepen its service to its clients, Verkley is also keen to expand its specialization in engineering and more complex horizontal soil drilling (trenchless technologies). With Gimv, Verkley has found the right partner to realise these ambitions.

Verkley enjoys a strong reputation for quality, safety, flexibility and technical competence, criteria that are very important in its customers. In this way the company has built up an impressive customer base over the past decades, with many multi-year contracts. With some 150 permanent employees and 150 flex workers, the company is able to respond quickly and flexibly to changing circumstances. Verkley generated a turnover of EUR 38 million in 2020 out of two facilities, one in Drachten (head office) and one in Groningen.

Erik Blauw, CEO of Verkley, explains: “With the arrival of Gimv and its expertise, we hope to be an even better partner for our customers. By taking on board this experienced partner with a strong network in our sector, we are ready for the next phase of growth. Our shared vision on long-term value creation is the best guarantee for success in our markets and for continuity for all our stakeholders. At the same time if offers greater career opportunities and development prospects for our employees.”

Rombout Poos and Roland Veldhuijzen Van Zanten (Gimv), form the deal team. In their words: “Verkley is a strong player in a segment that responds to important trends that are closely aligned with the strategy of our Sustainable Cities platform. We look forward to working with Erik Blauw and his team to realise the further expansion of Verkley – and with it the energy and water transition in the Netherlands.”

Erik Mampaey, Managing Partner Gimv and Head Sustainable Cities, adds:“Through its Sustainable Cities platform, Gimv once again invests in the energy transition towards a data-driven sustainable society, one of the greatest ESG challenges that we actively embrace.”

Durk van der Meer, managing director of PMH Investments, says: ‘It is not easy to say goodbye to a magnificent company, after working together to bring Verkley to its present outstanding condition. But a change of shareholders is good for the company’s next growth phase and for maintaining its market position through excellence.”

The transaction is subject to customary closing conditions, including approval by the competition authorities. No further financial details on this transaction are being published.

Read the full press release:

English – French – Dutch
Gimv
Karel Oomsstraat 37, 2018 Antwerpen, Belgium
www.gimv.com

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Investment partners, Ardian and EDF Invest finalize €300 million in ESG financing for joint subsidiary

Ardian

09 March 2021 Infrastructure France, Paris

Ardian and EDF Invest further strengthen Géosel’s position as a responsible and sustainable player in the strategic storage sector

Paris, March 9th, 2021 – Ardian and EDF Invest, investment partners since 2015, today announce that they have finalized a new €300 million financing for joint subsidiary Transport Stockage Hydrocarbures (TSH), the majority shareholder of Géosel.

Located in the heart of the Luberon Regional Natural Park, France, Géosel is the leading storage site for liquid hydrocarbons in France and the second largest in Europe. The company has invested €150 million over the last few years to maintain its facilities and enhance safety standards.

The new financing will enable Géosel to continue its investments, which includes modernizing its industrial assets, accommodating biofuels and fostering the energy transition projects (such as hydrogen).

The financing is provided in partnership with BNP, Crédit Agricole and other long-term institutional investors.

Collectively, Ardian, EDF Invest and Geosel all pride themselves in the high standards set for responsible development. In line with this, the new financing is subject to ambitious objectives pertaining to environmental, social and governance criteria (ESG), including:

  • Reduction of emissions
  • Achievement of international certifications for environmental and quality management;
  • Maintaining the low rate of accidents at work, through a policy of support for employees and high safety standards.

Amir Sharifi, Managing Director and Head of Energy Transition within the Ardian Infrastructure team, commented:”Strategic storage facilities play a key role in security of supply and energy transition. This funding provides increased means to ensure asset security and prepare for a digital and decarbonized future. It illustrates our innovative and responsible way of supporting the transformation of the companies in which we invest. Commitment to social and environmental performance is a fundamental trend that would be great to see deployed among management teams, investors and lenders in the sector.”

Pierre Benoist d’Anthenay, Head of EDF Invest, stated: “I am delighted that TSH has set up a financing scheme that is innovative in terms of its modalities by combining environmental and safety criteria, and in its purpose, which is to finance the Géosel development projects of tomorrow. It is a strong voluntary commitment by the Géosel teams and the combined management teams of EDF Invest and Ardian, in line with the objectives set by the EDF Group to achieve carbon neutrality by 2050. EDF Invest strives in all its holdings to encourage this responsible shareholder logic.”

ABOUT GEOSEL

The Géosel-Manosque underground storage complex, commissioned in 1969, is one of Europe’s leading sites for petroleum products with both operational and strategic uses. It offers a storage capacity of more than 9 million m3 and a network of pipelines, making it a key element in French and European oil logistics. Located in the southeast of France, near Marseille, it is dedicated to the storage of crude oil and refined products. The site is connected to the refineries and petrochemical plants in the Fos/Lavéra area, to the Grand Port Maritime de Marseille and to the European pipeline networks of SPSE, SPMR and ODC (via SPMR).

ABOUT EDF INVEST

EDF Invest is the investment arm of EDF for non-listed Dedicated Assets. Dedicated Assets will fund the decommissioning of EDF’s nuclear power plants in France.
EDF Invest currently manages around €7bn of equity and is targeting €10 billion in the next few years.
Our mission is to diversify EDF’s portfolio of Dedicated Assets and lengthen its investment horizon by targeting 3 non-listed asset classes in France and abroad: Infrastructure, Real Estate and Funds.
Follow EDF Invest on Linkedin: https://www.linkedin.com/company/edf-invest

Visit the website

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$110bn 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 700 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 more than 1,000 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

LIST OF PARTICIPANTS

  • Financing:

    • Placement Agent, Agent, Arranger and Hedging Provider: CACIB and BNPP
    • Legal advisor: Clifford Chance

  • Shareholders:

    • Financial advisor: Rothschild & Co
    • Legal advisor: Freshfields

PRESS CONTACTS

ARDIAN – Headland

VIKTOR TSVETANOV

VTsvetanov@headlandconsultancy.com +44 207 3435 7469

EDF INVEST

Service de Presse

service-de-presse@edf.fr +33 1 40 42 46 37

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EURAZEO strengthens its position in INFRASTRUCTURE with the arrival of a new team focused on investing in the ecological transition of the European economy

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Eurazeo

Paris, 25 January 2021

An acknowledged pioneer in the field of sustainable development, Eurazeo today welcomes a new team dedicated to infrastructure investments within Eurazeo’s Real Assets division.

The team’s objective is to invest in sectors supporting the numerous underlying changes currently taking place in Europe, including the necessary shift to renewable, low-carbon and competitive sources of energy, as well as digital technologies in which data will help drive the economy and lead to a more efficient use of real assets.

The first fund to be raised will focus on three sectors:
• Digital infrastructure: data centers, fibre-optic networks, telecom towers, subsea cables and IoT;
• Transition infrastructure: energy storage, smart grids, smart meters, smart city infrastructure, e-mobility and clean transport infrastructure;
• Renewable energies: sustainable energy production (wind, solar, hydroelectric, geothermal, hydrogen, biomass, biogas, bioenergy), along with waste management, water/wastewater and circular economy projects.
This experienced three-person team has been working together at Marguerite for the last 10 years, and consists of:
• Laurent Chatelin, who has more than 25 years of experience in infrastructure asset financing and investment in the telecom, energy and transport sectors;
• Martin Sichelkow, who has more than 15 years of buy-side experience in infrastructure, having worked mainly in the energy sector;
• Melissa Cohen, who has more than 15 years of experience in infrastructure investment and project financing, particularly in the telecoms and transport sectors.
Together, they have invested in major projects such as FTTH networks and photovoltaic facilities in France, wind farms in Scandinavia, a motorway in Ireland and incineration plants in Eastern Europe, representing a combined enterprise value of more than €10 billion across 20+ investments.
The team will seek to raise third-party capital in order to build a balanced portfolio of sustainable infrastructure assets true to Eurazeo’s own ESG commitments and in line with the UN’s Sustainable Development Goals and the new European taxonomy regulation.

This new team will be supported by Eurazeo’s in-house expertise in adjacent investment strategies and will be able to draw on the group’s international network and ESG know-how.

Renaud Haberkorn, Managing Partner and head of Eurazeo’s Real Assets division, said:
“The creation of this team fits with Eurazeo’s ambition of making long-term investments in the sustainable infrastructure needed to develop communities, and we are looking forward to implementing our strategy of being an active, responsible investor. We are delighted to welcome Laurent, Melissa and Martin into the family. Together, we will help develop infrastructure that is resilient and compatible with decarbonisation objectives. We are confident that by integrating ESG criteria into the process of analysing, investing in and developing infrastructure assets, we will be able to achieve both positive change and strong financial returns.”

Laurent Chatelin, Partner
”We are very happy to join Eurazeo, which is known for helping companies to develop in a responsible way, and to help develop the group’s portfolio of investment strategies. With this platform, we will be able to accelerate fund raising while having the capacity to invest immediately in real assets that support the energy and digital transition across Europe.”

About Eurazeo
• Eurazeo is a leading global investment company, with a diversified portfolio of €18.8 billion in assets under management, including €13.3 billion from third parties, invested in over 430 companies. With its considerable private equity, real estate and private debt expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its nearly 300 professionals and offering in-depth sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term.

• Eurazeo has offices in Paris, New York, Sao Paulo, Seoul, Shanghai, Singapore, London, Luxembourg, Frankfurt, Berlin and Madrid.
• Eurazeo is listed on Euronext Paris.
• ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA

PIERRE BERNARDIN
HEAD OF INVESTOR RELATIONS
email: pbernardin@eurazeo.com
Tel: +33 (0)1 44 15 16 76

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HEAD OF COMMUNICATIONS
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Bharat Road Network signs deal with CDPQ for the sale of a 67-kilometre road project in Odisha, India

Cdpq

  • Global institutional investor CDPQ to carry out its first transportation investment in India with the purchase of a 67-kilometre expressway from BRNL and its partners.
  • The asset will be the first of a new CDPQ-owned platform dedicated to road infrastructure in India.
  • The sale will allow BRNL to reduce the debt and also to utilise the proceeds for organic and inorganic growth.
Bharat Road Network Limited (“BRNL”), one of India’s leading road developers, along with its partners, has signed an agreement with India Highway Concession Trust, an infrastructure investment trust set up by Caisse de dépôt et placement du Québec (CDPQ), a global institutional investor, for the sale of a BOT road project in the state of Odisha. BRNL is currently the largest shareholder, with a 40% stake in this project.

The Share Purchase Agreement provides for the complete transfer of ownership of Shree Jagannath Expressway Private Limited, the special purpose vehicle (SPV) engaged in the development, operation and maintenance of a 67-kilometre toll road project from Bhubaneswar to Chandikhole, in Odisha. Project operations started in December 2011, with an initial concession period of 26 years.

Speaking on the development, Mr. Bajrang Kumar Choudhary, Managing Director, BRNL said: “The transaction is in line with BRNL’s strategic plan for stakeholder value creation through portfolio assets reallocation while focusing on enhancing operational excellence and increasing financial efficiencies in existing assets. The transaction is expected to help BRNL in reducing its debts and will also provide the company with funds for reinvesting in its existing assets under construction.”

Mr. Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure, CDPQ, said: “We are thrilled with the acquisition of Shree Jagannath Expressway. It will be the first asset integrated into the new CDPQ-owned roads platform in India, which we set up and staffed in 2020. This reflects our long-term confidence and interest for the sector and more broadly the Indian infrastructure market.”

The transaction is subject to regulatory approvals and other closing conditions.

With a marked recovery in commercial traffic on Indian highways to pre-pandemic levels, the deal signals the renewed focus on M&A activities in the roads sector.

About Bharat Road Network Limited (“BRNL”)

Bharat Road Network Limited (“BRNL”) is a road BOT company in India, focused on development, implementation, operation and maintenance of roads and highways projects. BRNL is involved in the development, operation and maintenance of national and state highways in several states in India with projects in states of Uttar Pradesh, Kerala, Haryana, Madhya Pradesh, Maharashtra and Odisha. BRNL has a project portfolio worth Rs 6800 crores consisting of six (6) operational BOT projects, covering 2,095 lane kilometres across six states in India.

About CDPQ

Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2020, it held CAD 333.0 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.

For more information

Media contact +1 514 847-5493 medias@cdpq.com
SUBHRAJEET CHOUDHURY
+91 9836061950
Subhrajeet.choudhury@brnl.in

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