Onex Partners and BPEA Announce Secondary Offering of Clarivate Analytics –

Onex

Toronto, Canada, Hong Kong, China, September 6, 2019 – Onex Corporation (“Onex”) (TSX: ONEX), Baring Private Equity Asia (“BPEA”) and their affiliated funds, along with certain other shareholders (together the “Group”), today announced the sale of 34.5 million ordinary shares of Clarivate Analytics plc (“Clarivate”) (NYSE: CCC; CCC.WS) at an offering price of$16.00 per share. The underwriters were granted a 30-day option to purchase up to 5.175 million additional ordinary shares from the Group. Clarivate is a global leader in providing trusted insights and analytics to accelerate the pace of innovation.

At the offering price and before the underwriters’ option, gross proceeds to the Group will be approximately $552 million, of which Onex’ share will be approximately $144 million as a Limited Partner in Onex Partners IV and as a co-investor. Onex, BPEA and their affiliated funds will continue to hold approximately 183.0 million ordinary shares of Clarivate, making it the largest shareholder with an interest of 60%. Onex will continue to hold approximately 49.8 million ordinary shares for a 16% interest.

The offering is expected to close on September 10, 2019, subject to customary closing conditions. A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on September 5, 2019. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Onex

Founded in 1984, Onex invests and manages capital on behalf of its shareholders, institutional investors and high net worth clients from around the world. Onex’ platforms include: Onex Partners, private equity funds focused on larger opportunities in North America and Europe; ONCAP, private equity funds focused on middle market and smaller opportunities in North America; Onex Credit, which manages primarily non-investment grade debt through collateralized loan obligations, private debt and other credit strategies; and Gluskin Sheff’s actively managed public equity and public credit funds. In total, Onex has approximately $39 billion of assets under management, of which approximately $6.9 billion is its own shareholder capital. With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.

The Onex Partners and ONCAP businesses have assets of $53 billion, generate annual revenues of $31 billion and employ approximately 172,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX.

For more information on Onex, visit its website at www.onex.com.

Onex’ security filings can also be accessed at www.sedar.com. About Baring Private Equity Asia (BPEA)Baring Private Equity Asia (BPEA) is one of the largest and most established private alternative investment firms in Asia, with total committed capital of over $18 billion. The firm runs a private equity investment program, sponsoring buyouts and providing growth capital to companies for expansion or acquisitions with a particular focus on the Asia Pacific region, as well as investing into companies globally that can benefit from further expansion into the Asia Pacific region. BPEA also manages dedicated funds focused on private real estate and private credit. The firm has a 22 year history and over 180 employees located across offices in Hong Kong, China, India, Indonesia, Japan, Singapore and Australia. BPEA currently has over 30 portfolio companies active across Asia with a total of 158,000 employees and revenues of approximately $31 billion. For more information, please visit www.bpeasia.com. Forward-Looking StatementsThis press release may contain, without limitation, statements concerning possible or assumedfuture operations, performance or results preceded by, followed by or that include words such as“believes”, “expects”, “potential”, “anticipates”, “estimates”, “intends”, “plans” and words ofsimilar connotation, which would constitute forward-looking statements. Forward-looking statements are not guarantees. The reader should not place undue reliance on forward-looking statements and information because they involve significant and diverse risks and uncertaintiesthat may cause actual operations, performance or results to be materially different from thoseindicated in these forward-looking statements. Except as may be required by Canadian securitieslaw, Onex is under no obligation to update any forward-looking statements contained hereinshould material facts change due to new information, future events or other factors. These cautionary statements expressly qualify all forward-looking statements in this press release.

For further information:

Onex Emilie BlouinDirector,

Investor Relations+1.416.362.7711

BPEA Richard Barton Newgate Communications

richard.barton@newgate.asiaor +852.9301.2056

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Investor AB supports intention to list EQT AB

Investor

2019-09-02 07:31

Today EQT has announced its intention to strengthen its balance sheet by listing EQT AB on Nasdaq Stockholm. Investor supports this decision.

Investor was one of the founders of EQT in 1994 and has since its inception been an important sponsor of EQT’s funds. EQT has grown considerably during these 25 years and is today a leading manager of private equity and infrastructure funds with a total of 19 active funds and EUR 40 billion in assets under management.

We support the intention to list EQT AB. A listing will provide further opportunities for EQT to grow and develop its successful business model built on industrial value creation. We will remain a long-term owner as we see attractive return potential”, says Johan Forssell, President and CEO of Investor.

Following EQT’s announcement of its intention to strengthen its balance sheet on September 10, 2018, Investor has participated in the restructuring of EQT AB. As a result of the restructuring, the relationship between Investor and EQT has been simplified.

Following the restructuring, EQT AB’s assets and revenues have increased and EQT AB is entitled to 100 percent of management fees and 35 percent of carried interest in future funds. In addition, Investor has increased its ownership from 19 to 23 percent. Investor will also have the option to invest up to 3 percent in future funds on a carry free basis and continue to be entitled to a certain share of carried interest in funds that Investor previously has invested in as sponsor. The previous sponsor agreement between EQT and Investor has been dissolved. It was a time-limited sponsor undertaking by Investor to invest in raised funds in exchange for a certain carried interest participation.

As EQT has communicated today, the ambition is to secure a free float in EQT AB of approximately 20 percent. In order to facilitate this, Investor will together with partners on a pro rata basis sell a limited share of its ownership in EQT AB in conjunction with the listing.

Investors’ engagement in EQT is long-term. The total engagement will remain a separate business area.

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Final close of CVC Strategic Opportunities II at €4.6 billion, surpassing its target

Latest fundraising continues the successful track record for the platform, with CVC Strategic Opportunities I having secured commitments of €3.9 billion

CVC Capital Partners is pleased to announce the final close of CVC Strategic Opportunities II (“SO II”) with total commitments of €4.6 billion, surpassing the target of €4 billion.

SO II’s global investor base, made up of sovereign wealth, public and private pension funds, financial institutions, foundations, endowments and family offices, diversifies the platform’s overall investor mix and reflects the growing appetite for this type of longer life vehicle.

The Strategic Opportunities platform invests in long-term capital appreciation opportunities across Western Europe and North America which fall outside CVC’s traditional private equity strategies. The platform seeks out stable opportunities with attractive risk-reward profiles which require a longer term outlook to unlock growth. Since 2016, €3.6 billion has been committed by the platform in seven opportunities, the latest of which, GEMS Education, the world’s largest provider of private K-12 education by revenue, was announced last week.

Lorne Somerville, Co-Head CVC Strategic Opportunities said: “We are delighted to have closed CVC Strategic Opportunities II. We continue to believe this is an attractive and growing market, a belief that is clearly shared by our investors, given the success of this capital raising with a closing well above the €4 billion target.”

Jan Reinier Voûte, Co-Head CVC Strategic Opportunities added: “The Strategic Opportunities platform invests in high-quality businesses with longer growth horizons. Often this is done in partnership with families or foundations who are seeking additional capital and support from CVC’s global investment platform to take their businesses to the next stage of development. SO II will allow us to continue to support great companies with these resources.”

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GP Bullhound Fund IV holds final close at EUR113m

Gp Bullhound

GP Bullhound Fund IV holds final close at EUR113m
GP Bullhound Fund IV holds its final close at EUR113 million, continuing its successful strategy of investing in some of the best technology entrepreneurs, with a focus on growth stage businesses in the Software, Entertainment, Marketplaces and Fintech sectors. Recent investments include Slack, Klarna, Tradeshift, Glovo and LendInvest.

In addition to independent deal sourcing, the fund benefits from a unique deal flow through GP Bullhound’s merchant bank organisation with 110 professionals across nine offices on three continents.

“We are passionate about backing great technology entrepreneurs and this oversubscribed final close allows us to commit more capital to the best of the best”, commented Per Roman, Co-Founder and Head of Asset Management at GP Bullhound, acting as exclusive investment advisors to the Fund.

Joakim Dal, Partner at GP Bullhound Asset Management and Ben Prade, Head of Investor Relations, added: ”We highly value the trust of our existing and new LPs, institutions, entrepreneurs and family offices. Leveraging GP Bullhound’s global network, industry intelligence and strategic knowledge, we continue on our mission to support and invest in extraordinary entrepreneurs.”

Enquiries
For enquiries, please contact:
Per Roman, Managing Partner, at per.roman@gpbullhound.com
Joakim Dal, Partner, at joakim.dal@gpbullhound.com
Ben Prade, Head of Investor Relations, at ben.prade@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com.

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Auctus Capital Partners, H2 Equity Partners and Sherpa Capital create Optimum Alliance

Auctus

Optimum Alliance is a new network of high performing mid-market investors in Europe. The Alliance covers key European private equity markets and consists of partners with a proven track-record of value creation and facilitates accelerating European rollouts and privileged access to scarce resources in deal origination and transactions.

The objective of the Optimum Alliance is to create a platform of independent – high performing – firms that can share best-practises, investment experiences, cooperate on deal situations as and when appropriate and allow co-investment.

Portfolio companies of Optimum Alliance members benefit from “local access” to the extensive networks of the Alliance’ members. Many of our portfolio companies have extensive export operations or are looking to expand cross-border. Facilitating this and supporting our management teams has been one of the key drivers for the establishment of the Optimum Alliance.

As we strengthen our cooperation, we will look to gradually expand the Optimum Alliance with relevant new members – that do not compete with any of the existing members – and share our focus on our market segment and proven out-performance.

The founding partners of Optimum Alliance are:

  • Auctus Capital Partners – a German mid-market private equity firm focusing on buy & build investments in the DACH area
  • Sherpa Capital – a Madrid based mid-market private equity firm focusing on distressed and underperforming companies in Spain and Portugal
  • and H2 Equity Partners – a leading hands-on mid-market private equity firm focused on the UK, Ireland and the Benelux

The founding partners believe that there is a significant value add in creating the Optimum Alliance and are excited to build the alliance and remain at the forefront of high-return private equity investing.

For more information about the Optimum Alliance and its founding partners please refer to:
www.optimum-alliance.com
www.h2ep.co.uk
www.sherpacapital.es
www.auctus.com

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Onex Completes Acquisition of Gluskin Sheff

Onex

Toronto, June 3, 2019 – Onex Corporation (“Onex”) (TSX: ONEX) and Gluskin Sheff + Associates Inc. (“Gluskin Sheff”) (TSX: GS) today announced they have completed their transaction, under which Onex acquired 100% of Gluskin Sheff for a total consideration of approximately C$445 million ($330 million). This transaction brings together two of Canada’s pre-eminent investment firms and provides investors with a comprehensive investment offering across both private and public markets. Gluskin Sheff will continue to be led by its existing leadership team and operate under its brand. Gluskin Sheff will be de-listed from the Toronto Stock Exchange tomorrow.

About Onex

Founded in 1984, Onex invests and manages capital on behalf of its shareholders, institutional investors and high-net worth clients from around the world. Onex’ platforms include: Onex Partners, private equity funds focused on larger opportunities in North America and Europe; ONCAP, private equity funds focused on middle market and smaller opportunities in North America; Onex Credit, which manages primarily non-investment grade debt through collateralized loan obligations, private debt and other credit strategies; and Gluskin Sheff’s actively managed public equity and public credit funds. In total Onex’ assets under management today are approximately $37 billion, of which approximately $6.6 billion is shareholder capital. With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.

The Onex Partners and ONCAP operating companies have assets of $51 billion, generate annual revenues of $31 billion and employ approximately 172,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX.

For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedar.com.

2 Forward-Looking Statements

This press release may contain, without limitation, statements concerning possible or assumed future operations, performance or results preceded by, followed by or that include words such as “believes”, “expects”, “potential”, “anticipates”, “estimates”, “intends”, “plans” and words of similar connotation, which would constitute forward-looking statements. Forward-looking statements are not guarantees. The reader should not place undue reliance on forward-looking statements and information because they involve significant and diverse risks and uncertainties that may cause actual operations, performance or results to be materially different from those indicated in these forward-looking statements. Except as may be required by Canadian securities law, Onex is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or other factors. These cautionary statements expressly qualify all forward-looking statements in this press release.

For further information: Onex Emilie Blouin Director, Investor Relations Tel: +1 416.362.7711 Gluskin Sheff David R. Morris Chief Financial Officer and Secretary Tel: +1 416.681.6036

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Marlin Announces Strategic Minority Investment by Blackstone

Marlin

LOS ANGELES and LONDON, May 16, 2019 – Marlin Equity Partners, a global investment firm, today announced that Blackstone’s (NYSE: BX) Strategic Capital Group has made a passive, minority investment in the firm.

Blackstone’s Strategic Capital Group is part of Blackstone Alternative Asset Management (BAAM) and specializes in minority partnerships with leading alternative asset managers. This investment will allow Marlin to continue to invest in and further expand its global investment platform, strengthen the commitment to and alignment with its diversified investor base, and leverage the global resources and capabilities of Blackstone.

Since its inception in 2005, Marlin has rapidly grown to become a leading global investment firm with over $6.7 billion of capital under management and completed more than 140 transactions across its core targeted industries, including software, technology, healthcare IT, tech-enabled services and industrial technology.

“This investment by Blackstone further validates the best-in-class organization we have built and the true value proposition of our relationship-driven approach to investing,” said David McGovern, Founder and CEO of Marlin. “We are excited to welcome Blackstone as a strategic partner, and look forward to leveraging their expertise and extensive breadth of resources to continue to invest in and position our global platform for long-term success.”

“Marlin’s approach to investing places a heavy focus on partnering with management teams to support businesses, enhance operations and accelerate growth,” said Scott Soussa, Head of BAAM’s Strategic Capital Group. “This emphasis on long-term value creation across its underlying companies positions Marlin for continued success and we are excited to partner with them.”

Terms of the transaction were not disclosed.

Evercore acted as financial advisor to Marlin Equity. Kirkland & Ellis LLP served as legal counsel to Marlin Equity and Simpson Thacher & Bartlett served as legal counsel to Blackstone.

About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 140 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.

About Blackstone Alternative Asset Management
Blackstone Alternative Asset Management (BAAM®), Blackstone’s Hedge Fund Solutions platform, is the world’s largest discretionary investor in hedge funds, with approximately $80 billion in assets under management. BAAM manages a diversified set of businesses including a customized solutions business, a special situations platform, a hedge fund seeding business, an open-ended mutual fund platform and a business that purchases stakes in established alternative asset managers. In all of BAAM’s business lines, it carefully selects and partners with fund managers across a variety of asset classes and strategies to create solutions for its investors. Through its sharp focus on clients’ goals, a rigorous due-diligence process and access to Blackstone’s global insights, BAAM strives to generate attractive risk-adjusted returns across market cycles while preserving capital during stressed market environments.

Media Inquiries
Marlin Equity Partners
Peter Spasov
Phone: +1 310-364-0100
Email: pspasov@marlinequity.com

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KKR Prices €650,000,000 of Senior Notes

KKR

NEW YORK–(BUSINESS WIRE)–May 15, 2019– KKR & Co. Inc. (“KKR”) (NYSE:KKR) today announced that it has priced an offering of €650,000,000 aggregate principal amount of its 1.625% Senior Notes due 2029 (the “notes”) issued by KKR Group Finance Co.V LLC, its indirect subsidiary. The notes are to be fully and unconditionally guaranteed by KKR & Co. Inc. and its subsidiaries, KKR Management Holdings L.P., KKR Fund Holdings L.P. and KKR International Holdings L.P. KKR intends to use the net proceeds from the sale of the notes for general corporate purposes, including to fund potential acquisitions and investments in Europe.

The notes were offered to buyers outside the United States pursuant to Regulation S and to qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).

The notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.

This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the notes or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This release contains certain forward-looking statements. Forward-looking statements relate to expectations, estimates, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements are based on KKR’s beliefs, assumptions and expectations, taking into account all information currently available to it. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or are within its control. If a change occurs, KKR’s business, financial condition, liquidity and results of operations, including but not limited to dividends, tax assets, tax liabilities, assets under management, fee paying assets under management, capital invested, syndicated capital, uncalled commitments, after-tax distributable earnings, fee related earnings, segment EBITDA, core interest expense, cash and short-term investments, book value, and return on equity may vary materially from those expressed in the forward-looking statements. The following factors, among others, could cause actual results to vary from the forward-looking statements: whether KKR realizes all or any of the anticipated benefits from converting to a corporation and the timing of realizing such benefits; whether there are increased or unforeseen costs associated with the conversion, including any adverse change in tax law; the volatility of the capital markets; failure to realize the benefits of or changes in KKR’s business strategies including the ability to realize the anticipated synergies from acquisitions, strategic partnerships or other transactions; availability, terms and deployment of capital; availability of qualified personnel and expense of recruiting and retaining such personnel; changes in the asset management industry, interest rates or the general economy; underperformance of KKR’s investments and decreased ability to raise funds; and the degree and nature of KKR’s competition. All forward-looking statements speak only as of the date hereof. KKR does not undertake any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date on which such statements were made except as required by law. In addition, KKR’s business strategy is focused on the long-term and financial results are subject to significant volatility. Additional information about factors affecting KKR can be found in KKR & Co. Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018, filed with the SEC on February 15, 2019, and other filings with the SEC, which are available at www.sec.gov.

Source: KKR & Co. Inc.

Investor Relations:
Craig Larson
Tel: +1 (877) 610-4910 (U.S.) / +1 (212) 230-9410
investor-relations@kkr.com

Media Contact:
Kristi Huller or Cara Major
Tel: + 1 (212) 750-8300
media@kkr.com

 

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Cinven raises €10 billion for the Seventh Cinven Fund

Cinven

International private equity firm Cinven announces the close of the Seventh Cinven Fund (‘the Fund’) at its hard cap of €10 billion (c. US$11 billion)

Key highlights:

  • The Fund reached its hard cap in less than four months and was oversubscribed; follows successful fundraise for the Sixth Cinven Fund, which reached its hard cap of €7 billion in four months in 2016;
  • Significant support from longstanding investors, with a very high re-up rate;
  • Diversified investor base comprised of more than 180 investors representing more than 30 countries globally;
  • Reflects Cinven’s strong fund performance, with c. €11 billion of realised value in the last three years; and
  • Consistent investment strategy focused on European buyouts and selective North American investments.

Throughout its c. 30 year track record, Cinven has focused on building world class companies using its European focus and sector expertise. Cinven targets companies in which it can drive strategic growth and operational improvement, both in Europe and globally. Its functional specialists – the global Portfolio and Capital Markets teams – work closely with Cinven’s Sector and Regional teams to implement Cinven’s value creation strategies, resulting in revenue and profit growth both organically and through buy and build.

Alexandra Hess, a Partner of Cinven and Head of Investor Relations, said:

“It is a significant milestone for Cinven to have successfully concluded another fundraise in record time. It is testament to our longstanding investment performance through economic cycles, the strength of the Cinven team and the longstanding relationship Cinven has with its investors.

“Importantly, the continued partnership with existing investors, coupled with the support of select new investors, demonstrates their confidence in the Fund’s investment strategy and expertise in our defined sectors. The Cinven team views its relationship with the investors in our Fund as a partnership, and we are grateful for their support in enabling us to complete the fundraise in less than four months.”

Stuart McAlpine, Managing Partner of Cinven, added:

“We have raised a Fund that is right-sized for the market opportunity, and, through Cinven’s Sector and Regional teams, we continue to identify attractive investment opportunities that we can target to define angles and strategies to step-change growth.

“Cinven has a first class track record in internationalising businesses and executing successful buy and build strategies; as well as in creating market leaders in domestic markets and working in close partnership with management teams. We continue to invest in our team of more than 170 people; this ensures that we continue to have the platform to deliver strong and sustainable growth to investors in our Fund and their beneficiaries, both today and in the future.” 

Cinven has one of the longest standing successful European buyout track records. The Fifth Cinven Fund, a 2012 vintage fund, has generated a net Distributed:Paid-In (‘DPI’) multiple of c. 1.4x and is one of the strongest funds of its peer group.  Of the 17 investments in the Fifth Cinven Fund, nine have been fully exited at an aggregate money multiple of c. 3.2x.  Its latest fund, the Sixth Cinven Fund, has committed to 15 companies headquartered in 11 different countries to date. The unrealised portfolio of the Sixth Cinven Fund generated double-digit EBITDA growth last year. In addition, over the two most recent Funds, Cinven has completed more than 200 add-on acquisitions through its portfolio companies, reflecting Cinven’s strong buy and build capabilities.

Since January 2017, Cinven has completed seven successful exits, including the sales of CeramTec, a global manufacturer of high performance ceramics (3.2x); Medpace, a global contract research organisation (3.5x); and Ufinet Group, a leading independent fibre network operator (6.0x).

To date, Cinven has raised Funds totalling c. €37 billion and has invested in c. 135 companies across Europe and in North America. It became independent from the British Coal pension scheme in 1995 and raised its first independent Fund in 1996.

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3i European Operational Projects Fund deploys capital in Portugal, Italy, Ireland and Germany

3I

3i European Operational Projects Fund deploys capital in Portugal, Italy, Ireland and Germany

3i Group plc (“3i”) today announces that the 3i European Operational Projects Fund (“3i EOPF” or “the Fund”), has agreed to invest over €100m in four projects across Europe, taking total investment to c. 40% of the fund within a year of final close:

  • Cascais Hospital
  • MFM Capital
  • DISA Assets Limited
  • Fermoy and Limerick motorways

The Fund has acquired a 90% stake in TDHOSP – Gestao do Edificio Hospitalar, S.A., the concessionaire in charge of the design, build, financing, operation and maintenance of Cascais Hospital, a 277-bed facility located close to Lisbon. The stake was acquired from Teixeira Duarte Group, a Portuguese construction company, who will retain a minority stake. The concession was granted by the Portuguese State in 2008 with a duration of 30 years, and became operational in February 2010.

3i EOPF has also completed the acquisition of a 95% stake in MFM Capital, a portfolio holding company, from Rekeep SpA (formerly Manutencoop Facility Management). The portfolio comprises stakes in four hospitals located in Monza, Legnano, Verona and Modena, the Terza Torre office accommodation building in Bologna (in which 3i EOPF already owns a stake) and an electricity efficiency project in Alessandria.

The Fund has completed the acquisition of DISA Assets Limited, which leases a fleet of 54 new Alstom passenger trains to Abellio Rail Mitteldeutschland GmbH in Germany. DISA Assets Limited was sold by NS Financial Services, part of the Dutch railway group NS. The 14 year concession was granted by three local Public Transport Authorities and became fully operational in December 2018. This is a stable asset with an attractive yield profile and builds on 3i’s successful investments in the rail sector.

Lastly, the Fund, alongside infrastructure investor TIIC, has signed an agreement to invest in two motorway projects in the Republic of Ireland. The two projects are Fermoy, a 17.5km section of the M8 motorway between Dublin and Cork, and Limerick, a 10km section of the M7 ring road around the city of Limerick, including a 675m tunnel under the Shannon river. The concession contracts, granted by Transport Infrastructure Ireland, will run until 2034 and 2041 respectively.

Stephane Grandguillaume, Partner in charge of origination for the Fund, commented: “These projects are a good fit for 3i EOPF and complement the Fund’s existing portfolio. They are high quality, yielding projects which improve the diversification of the Fund.”

Phil White, Managing Partner and Head of Infrastructure, 3i Investments plc, added:

“We have made good progress in constructing a well-balanced portfolio for 3i EOPF through 3i’s pan-European projects platform active in eight countries in Western Europe.”

3i EOPF, which is managed by 3i’s infrastructure team, is a €456m fund investing in operational projects across Europe, with a focus on France, the Benelux, Germany, Italy and Iberia.  It targets a wide range of sub-sectors, primarily social infrastructure and transportation, but also telecoms and utilities. It aims to provide long-term yield to institutional investors.

-ENDS-

Download this press release  

 

For further information, contact:
3i Group plc

Thomas Fodor
Limited Partner enquiries
Tel: +44 20 7975 3469
Email: thomas.fodor@3i.com
Silvia Santoro
Investor enquiries
Tel: +44 20 7975 3285
Email: silvia.santoro@3i.com
Kathryn van der Kroft
Media enquiries
Tel: +44 20 7975 3021
Email: kathryn.vanderkroft@3i.com

 

Notes to editors:

 

About 3i Group

3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. Its core investment markets are northern Europe and North America. For further information, please visit: www.3i.com

About 3i’s Infrastructure business

3i is a leading infrastructure investor, with a track record of investing in infrastructure since 1987. The team of approximately 35 investment professionals manages or advises c.£3.7 billion of assets through a number of infrastructure investment vehicles, including 3i Infrastructure plc, 3i India Infrastructure Fund, 3i EOPF, 3i MIA and BIIF.

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