January 3, 2025

Infrastructure Investment Europe: December 2024 Summary

Stay up to date with notable deals, fund raises, and key personnel movements in the Infrastructure Investment market with our monthly newsletter.
Infrastructure Investment Europe: December 2024 Summary
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Deals:

Elyse Energy, a French company producing sustainable fuels and low-carbon feedstock, has raised €120 million in funding from Hy24, PGGM, Bpifrance and Mirova to accelerate the development of its e-methanol and sustainable aviation fuel production projects in France and Spain.

Enfinity Global has closed €165 million in financing aimed at building a portfolio of three utility-scale solar power plants with a combined capacity of 147 megawatts, located in Italy’s Lazio region.

EQT and GIC have agreed to jointly acquire a majority stake in Calisen Group from funds managed by GIP (BlackRock), Goldman Sachs Alternatives and Mubadala Investment Co. Calisen is an independent owner and manager of essential energy infrastructure assets headquartered in Manchester, England.

GIC and MEAG have plans to invest a combined €1.4 billion into Vantage Data Centers’ EMEA data center platform.

InfraRed Capital Partners has agreed to acquire Proximus Luxembourg Infrastructure (PLI), the first independent tower company in Luxembourg, for €108 million.

InfraVia and the Iliad Group have entered into exclusive discussions to form a partnership aimed at developing OpCore into a major European hyperscale data center platform. As part of the transaction, InfraVia, through its infrastructure funds, will acquire a 50% equity stake in OpCore, which is valued at an enterprise value of €860 million.

KKR backed Q-Park has acquired SAGS, the fourth largest player in the French parking market.

Octopus Energy Generation has invested in sustainable fuels expert Nordic Generation Fuels, a sustainable fuels expert, through its Octopus Energy Transition Fund and Sky Fund.

PATRIZIA has announced planning for a high-tech 700,000 square-foot data center in Buckinghamshire, England, has received the green light from the UK government.

Stonepeak has agreed to acquire Forgital Group, a manufacturer of advanced forged and machine-finished components for aerospace and industrial end markets, from Carlyle.

SUSI Partners have sold a 99 MW portfolio of operating German wind farms to Qualitas Energy.

SUSI Partners has secured 100% ownership of Italian energy service company, Genera New Energy S.p.A. Società Benefit (Genera Group) by acquiring the remaining 25% stake.

Swiss Life Asset Managers, has entered into a binding agreement with APG to invest in Spanish toll road operator, Itínere Infraestructuras.

Vauban Infra Fibre, France’s largest independent digital infrastructure platform, developed by Vauban Infrastructure Partners, has increased its ownership in the French Public Initiative Networks operated by Axione. VIP acquired a portfolio of participations within broadband network, encompassing 199 FTTH networks.

Fundraising:

Allianz Global Investors has secured more than €530 million in a first closing of its Allianz Infrastructure Credit Opportunities Fund II, the second vintage fund of the Allianz Resilient Opportunistic Credit strategy.

Antin Infrastructure Partners has closed its fifth flagship fund at €10.2 billion, exceeding its fundraising target. Its size represents an increase of more than 50% from Antin’s previous Flagship Fund IV, which closed in 2020 at €6.5 billion.

BlackRock has held the first close of its fifth Global Infrastructure Solutions Fund at $1.1 billion. It has a final target of $2.5 billion including a dedicated secondaries sleeve.

BNP Paribas Asset Management is seeking to raise €750 million from institutional investors BNP Paribas Low Carbon Transition Infra Equity Fund I, the first vintage of BNPP AM’s low carbon infrastructure equity strategy, is supported by BNP Paribas Group’s anchor commitments of €400 million.

Cordiant Capita has announced the appointment of Andrew Ewe as CFO for Cordiant Digital Infrastructure, effective 1st January 2025. Andrew has been a key member of Cordiant Digital Infrastructure for over three years.

DWS has held a first close for its ESG Infrastructure Debt Strategy, raising a total volume of €323 million, with a target of between €500 million to €750 million.

Energy Capital Partners to launch Fund VI in the new year, with a target of $5 billion. This follows the oversubscribed final close of Fund V back in May.

Movers & Promotions:

Ancala has expanded its asset management team through the appointment of Frederick Pierru as a director. Pierru most recently served as CEO of Marverde Infraestructura, a KKR-backed company specializing in the sale-leaseback of energy infrastructure assets

Arjun Infrastructure Partners has appointed Rohini Pahwa as partner. Pahwa joined Arjun in 2021 as a managing director, responsible for originating, executing and managing investments.

Brookfield Asset Management has opened a new office hub in Paris to deepen its established presence in the French market.

Infracapital has promoted three members of the investment team to Managing Director – Peter Mitchev, Thomas Crawley and Christopher Simmonds.

KKR has announced a newly promoted group of 41 managing directors, including Julian Barratt-Due in their Infrastructure team based in London.

Nala Renewables has selected Mike O’Neill to be its new CEO, effective Jan. 20, 2025. Prior to joining, O’Neill was CEO at Hive Renewables, where he led the development of and investment in large-scale solar PV and BESS projects internationally.

Current Mandates:

Senior Investment Associate – Renewables (Emerging markets) - London

Investment Associate – Infrastructure - Paris/Madrid

Investment Senior Associate/Junior VP – Renewables - London

Investment Snr Analyst – Energy Transition - Milan

Details
Date
January 3, 2025
Category
News
Reading Time
10 mins
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