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

KKR

Strong Pipeline Drives Additional Investment Capacity for Strategic Partnership

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

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

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

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

CCH1: Strategy, Structure, and Deployment Timeline

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

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

About HASI

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

About KKR

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

Forward-Looking Statements

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

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

 

For HASI:

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

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

For KKR:

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

Source: HA Sustainable Infrastructure Capital, Inc.

 

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

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

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

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

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

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

Quotes

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

Andrew FreemanPartner and Head of Divestments at CVC DIF

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

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

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

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

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

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

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

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

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

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

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

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

ABOUT TPG RISE CLIMATE

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

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

ABOUT LA CAISSE

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

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

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

ABOUT PIKE

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

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

KKR

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

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

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

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

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

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

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

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

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About Chandra Asri Group

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

About KKR

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

For more information, please contact:

Chandra Asri

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

KKR

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

Source: KKR

 

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Novacap Invests in TAG Towers to Accelerate its Tower Development Strategy

Novacap

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

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

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

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

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

About TAG Towers

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

About Novacap

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

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

Rivean

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

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

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

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

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

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

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

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Ardian raises $20bn to power essential European infrastructure

Ardian

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

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

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

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

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

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

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

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

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

Additional AIF VI investments include:

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

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

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

About Ardian

Ardian is a world-leading private investment firm, managing or advising $192bn of assets on behalf of more than 1,860 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 20 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.

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

ardian.com

Press contact

Headland

ardian@headlandconsultancy.com 

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Ardian and Finint Infrastrutture, together with Sviluppo 87, have signed an agreement for the joint acquisition of Milione S.p.A., parent company of Save S.p.A., a leading airport platform, including Venice Airport

Ardian

Ardian, a world-leading private investment firm, and Finint Infrastrutture, built leveraging Finanziaria Internazionale  Holding’s experience in asset management to boost Italy’s infrastructure sector, today an-nounced the signing of the agreement for the joint acquisition of Milione S.p.A., the parent company of Save S.p.A., which primarily operates in the airport sector, including Venice Marco Polo Airport, one of Italy’s three intercontinental airports and a strategic gateway at both national and international level.

Finint Infrastrutture together with Sviluppo 87 and Ardian have reached an agreement for the joint ac-quisition of approximately 100% of Milione S.p.A, while confirming the company’s current manage-ment team. The closing of the transaction is expected by the end of 2025/beginning of 2026. The transaction entails the exit of the current shareholders, funds managed by DWS Infrastructure and InfraVia Capital Partners, while Sviluppo 87, controlled by Finanziaria Internazionale Holding, will remain a shareholder of Milione S.p.A.

The transaction marks the beginning of a strategic partnership between Ardian and Finint Infrastrutture, aimed at supporting the growth of both Save and the North-East Airport System, as well as at establish-ing a strategic operator to pursue new acquisitions as part of an external growth strategy.

The Save Group includes the airports of Venice, Verona, Treviso and Brescia, as well as a participation in Charleroi Air-port in Belgium. In 2024, the SAVE Group handled around 29 million passengers: over 18.3 million passengers at the three Veneto airports, marking a 3.1% increase compared to the previous year, and 10.5 million passengers at Charleroi, 12% increase compared to the same period. In the first half of 2025, the Veneto airports reported a further 5.2% increase, with Venice confirming its central role as Italy’s third intercontinental hub; Charleroi grew by 7%.

“This transaction represents, for us, the next step of an infrastructure journey that we initiated with a clear vision twenty-five years ago, leading to the successful creation of the North-East Airport System as well as our participation in Charleroi Airport. Partnering with a leading international player such as Ardian allows us to share new growth ambitions, while reinforcing our commitment to the regions where we operate and to the social and economic communities we serve. I am confident that this deal, carried out alongside Finint Infrastrutture SGR — which is positioning itself as a new player in the national and European infrastructure investment scene — is fully aligned with the broader strategic framework of a sector that demands the strength of solid, long-term investors”. Enrico Marchi, Founder of Finanziaria Internazionale Holding and President of Save Group

“This transaction reflects our strong confidence in Save’s future and in the strategic role of the airports man-aged by the Group, which serve both as a gateway and a showcase for the cities that are symbols of Eu-ropean culture and economy. It also reaffirms Ardian’s strong interest in both the Italian market and the sec-tor. We will work closely with the company’s management team and the relevant institutions to support the sector’s development, while continuing to deliver and enhance excellent services for passengers, airlines and local communities. We are pleased to start this new phase of the company’s growth alongside Finint.” Mathias Burghardt, Executive Vice President, CEO of Ardian France and Head of Infrastructure, Ardian

“We are particularly proud to have been part of a transaction of strategic importance for the Italian airport sector. Our goal, together with our partner Finint Infrastrutture, is to further strengthen and enhance Save’s position as a leading airport operator in Italy, with Venice Airport serving as a key driver for the tourism’s growth and for the local and national economy and in Belgium with the strategic shareholding in Charleroi. Alongside our partner and the management of the Group, we will support the company on its continued path of sustainable growth, reinforcing its long-term competi-tiveness, consolidating collaboration with local stakeholders, and contributing to the sector’s transition to-wards decarbonization”. Rosario Mazza, Senior Managing Director and Head of Infrastructure Italy, Ardian

“The creation of Finint Infrastrutture SGR marks an innovative step for Italian asset management. Our goal is to equip the country with modern, efficiently managed infrastructure while creating value for investors. Finint Infrastrutture SGR emerges as a new player in Italy and Europe’s infrastructure investment landscape, starting with the airport sector and beyond. This transaction is the first significant step in a broader growth path, look-ing ahead with ambition and a clear industrial vision.” Fabrizio Pagani, President, Finint Infrastructure SGR

“I am very pleased with this transaction, which, in continuity with what we have achieved so far, posi-tions the Group for growth process both in Italy and abroad, while reaffirming our strong commitment to environmental, economic and social sustainability in the regions where we operate.This agreement was made possible thanks to the strong expertise of our management team and the commitment of all our people, who over the years have embraced the principles of responsibility that guide our work, turning them into a meaningful and effective customer experience for the passengers at our airports”. Monica Scarpa, CEO, Gruppo Save

The Finanziaria Internazionale Group has gained extensive experience in the infrastructure sector be-yond airports, having invested in multi-utilities and healthcare, as well as indirectly through SAVE in Cen-tostazioni alongside Ferrovie dello Stato, and in the motorway sector.

Through its direct infrastructure investment activities, Ardian has built significant experience in the airport sector, playing a key role in driving growth in Italy and Europe. Last July, Ardian completed the acquisi-tion of an additional 10% stake in Heathrow Europe’s leading airport, increasing its total holding to 32.6%.

In Italy, Ardian has been an indirect shareholder of the airports of Milan Linate, Milan Malpensa, Na-ples, Turin and Trieste. During the investment period, Ardian supported the growth and sustainable de-velopments of the platform, leading a number of innovative initiatives.

Mediobanca and Intesa Sanpaolo – IMI Corporate & Investment Banking acted as financial advisors to Ardian, while Finint Infrastrutture, was supported by Banca Finint and Goldman Sachs Bank Europe SE Italy Branch.  Clifford Chance and Chiomenti assisted the consortium as legal advisors.

Completion of the transaction remains subject to the approval of the relevant regulatory authorities.

ABOUT ARDIAN

Ardian is a world-leading private investment firm, managing or advising $192bn of assets on behalf of more than 1,850 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and foster-ing a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 19 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance com-bined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

ardian.com

ABOUT FININT INFRASTRUTTURE SGR

Società di Gestione del Risparmio S.p.A., based in Venice and controlled by Finanziaria Internazionale Holding S.p.A., was authorized in 2023 to operate as an asset manage-ment company under Italian law. In addition to the launch and management of the Marco Polo Fund, the firm focuses on managing reserved Italian and EU alternative investment funds (AIFs), open exclusively to professional investors. Its goal is to establish closed-end funds investing primarily in airport and aviation infrastructure, transport infrastructure such as railways, ports and toll roads, energy infrastructure, as well as specialized sectors includ-ing data centers, fiber optic networks and social and healthcare infrastructure. Finint Infrastrutture is part of Finanziaria Internazionale Holding’s forty years of experience in asset management.

www.infrasgr.com

Press contact

Ardian

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FININT INFRASTRUTTURE

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Giovanna.benvenuti@community.it 

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KKR Expands Strategic Partnership with ADNOC with Gas Pipelines Investment

KKR
  • KKR makes long-term investment in ADNOC Gas Pipeline Assets LLC, reflecting the firm’s confidence in ADNOC and in Abu Dhabi as a premier investment destination
  • Transaction builds on KKR and ADNOC’s 2019 landmark oil pipelines deal, which catalyzed additional foreign direct investment into Abu Dhabi and similar transactions in the region
  • KKR’s increased capital commitment in the Middle East reinforces its longstanding and expanding presence in the region and global leadership in critical infrastructure

Abu Dhabi, United Arab Emirates (UAE), 1 October, 2025 – KKR, a leading global investment firm, today announced that KKR has acquired a minority stake in ADNOC Gas Pipeline Assets LLC. The new investment further strengthens KKR’s long-term strategic partnership with the Abu Dhabi National Oil Company (ADNOC), and reflects the firm’s confidence in Abu Dhabi’s competitiveness as a premier global investment destination.

This transaction follows KKR and ADNOC’s landmark 2019 oil pipelines deal, a first for the region that continues to serve as a template for further transactions across the Middle East. The structures allow regional partners to access new pools of global institutional capital while maintaining operating control over the assets. 

“We are pleased to expand our strategic partnership with ADNOC and to invest further in Abu Dhabi’s long-term prosperity and critical infrastructure,” commented General David Petraeus (US Army, Ret.), Partner, KKR, Chairman of the KKR Global Institute, and Chairman of KKR Middle East. “This investment reflects KKR’s commitment to expand partnerships and investment across the Middle East. The region’s strong fundamentals, bold vision, and focused leadership offer increasingly attractive opportunities for global investors.”

Cristina González, Managing Director, Infrastructure at KKR, added: “KKR has a long history of owning and operating critical national infrastructure worldwide, collaborating closely with governments. This strategic partnership leverages KKR’s expertise in infrastructure investments and ADNOC’s operational excellence to deliver practical energy solutions. This investment in ADNOC Gas Pipeline Assets provides access to high-quality, long-dated yield alongside an outstanding partner in ADNOC. ”

The gas pipeline network connects ADNOC’s upstream assets to local off-takers in the UAE. Pipeline ownership and operational management remain with ADNOC. KKR is acquiring a minority stake through its managed accounts, matching the type and tenure of the investment with long-duration capital.

The strategic partnership with ADNOC highlights KKR’s commitment to the broader Middle East, expanding on the firm’s 16-year local presence and its investments in key sectors that support regional growth. Earlier this year, KKR announced the appointment of General Petraeus as Chairman of the Middle East and the establishment of a dedicated regional investment team led by Julian Barratt-Due. Also in 2025, KKR invested in Dubai-based Gulf Data Hub, a leading independent data center platform, which is expected to help accelerate digital transformation and AI leadership in the region.

Since establishing its Global Infrastructure Strategy in 2008, KKR has been one of the most active infrastructure investors worldwide, managing over $90 billion in infrastructure assets with a team of more than 130 professionals across North America, Europe, the Middle East, and Asia Pacific.

About KKR

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

Media contacts
Annabel Arthur, KKR
+44 7554 919 491
Annabel.Arthur@kkr.com

 

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CVC DIF to divest Portuguese highway concessions Norte Litoral and Algarve to Igneo Infrastructure Partners

CVC Capital Partners
  • During CVC DIF’s ownership, both concessions delivered stable performance and resilient cash flows, driven by active operational management by CVC DIF’s local investment team
  • The transaction reflects CVC DIF’s strong focus on realising value for its investors, supported by the expertise of its dedicated Divestments team

CVC DIF, the infrastructure strategy of leading global private markets manager CVC, is pleased to announce that it has agreed to sell its interests in the Portuguese highway concessions Norte Litoral and Algarve to Igneo Infrastructure Partners.

The Norte Litoral concession covers the A27 and A28 highways (113km) and runs until 2031, while the Algarve concession covers the A22 highway (133km) which expires in 2030. Both operate under availability-based public-private partnership models with a revenue-sharing component, providing predictable, inflation-linked cash flows.

CVC DIF first invested in these concessions in 2017, later consolidating its position in 2020. Under CVC DIF’s ownership, the projects delivered stable operational performance and resilient cash flows, further enhanced by active operational involvement through effective governance at board level. Portugal remains an attractive market for CVC DIF, which will continue to seek new investment opportunities in the country.

Quotes

This transaction is a strong example of CVC DIF’s differentiated exit capability – delivering value from mature concessions, in a market where successful realisations require selectivity, preparation and timing. It highlights our ability to match divestments with the right long-term owner while continuing to generate distributions for our investors.

Andrew FreemanPartner and Head of Divestments at CVC DIF

Closing of the transaction is subject to customary approvals. CVC DIF’s investments in  Norte Litoral and Algarve are held through the DIF Infrastructure IV, DIF Infrastructure VI funds and DIF IV co-investment vehicles.

CVC DIF was advised on the transaction by Santander (financial) and CS Associados (legal)

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