December 2, 2024

Infrastructure Investment Europe: November 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: November 2024 Summary
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Deals:

Ancala acquires 50% stake in German smart metering specialist, Hausheld AG.

Ardian, alongside Crédit Agricole Assurances, has concluded the sale of a 49% stake in 2i Aeroporti SpA to Asterion Industrial Partners.

Bain Capital has forged an agreement to acquire an 80% stake in AQ Compute, the data center subsidiary of Aquila Group

Brookfield and its listed affiliate Brookfield Renewable have plans to acquire a 12.45% percent minority stakes in four of Ørsted’s operational U.K. offshore wind farms. The enterprise value of the transaction is $2.3 billion.

CapMan Infra, has plans to acquire a majority stake in ProPellet Oy, a heat-as-a-service operator and pellet-based bioenergy producer in Finland.

CVC DIF has agreed to acquire Adam Ecotech, a prominent colocation data center operator in the Spanish market.

Demeter, alongside Amundi, has announced its investment in ZE Energy, who develop, build and operate hybrid photovoltaic power plants with Energy Storage in Europe.

Equitix has acquired an 8.3% minority stake in mobile tower joint venture Cornerstone Telecommunications Infrastructure from Virgin Media O2. The holding company will receive £186 million for the stake.

InfraVia Capital Partners has acquired a majority stake in Kyotherm a company specialising in co-development and third-party financing for industrial clients of decarbonisation, heat and energy efficiency projects.

InfraVia Capital Partners has entered into a purchase agreement to acquire a majority stake in Green Utility, a solar PV platform focusing on distributed generation and self-consumption for commercial and industrial clients in Italy.

I Squared Capital announced that its renewables platform Cube Green Energy has signed an agreement to acquire control of SUNfarming, a German photovoltaic (PV) developer and independent power producer with a focus on solar projects on agricultural land, known as “Agri-PV.”

Macquarie Asset Management, through its Macquarie European Infrastructure Fund 4, and Ferrovial have agreed to sell AGS Airports to AviAlliance in a transaction worth £1.53 billion.

MPC Capital launches dedicated investment platform for offshore wind service vessels, representing a total investment volume of €130 million.

Prosolia Energy, a European IPP operating in both distributed generation and utility-scale markets, has entered into a strategic partnership with InfraVia. Prosolia is set to transition from a IPP platform to a full-spectrum energy solutions provider for industrial clients.

Schroders Greencoat has acquired the 28.5-megawatt Stokeford Solar Farm through its U.K. flagship private markets fund.

White Summit Capital have announced the acquisition of a controlling stake in Powesco, a leading French energy efficiency-as-a-service company, with an initial investment of €150 million.

Fundraising:

Ares Management Corp. expects to close infra secondaries fund at $400 million soon.

InfraRed Capital Partners announces $1 billion close for sixth value-add fund.

Movers & Promotions:

Denham Capital has appointed Justin DeAngelis as global head of sustainable infrastructure. He previously served as partner and co-head of the Denham Sustainable Infrastructure platform.

Infranity has expanded into North America, opening an office in New York. As part of the expansion, Infranity has hired Paul Colatrella, Katherine McElroy and William Kim, who have been active on the same strategy Infranity will be pursuing in North America.

I Squared Capital has appointed Patricia Menéndez Cambó as its new general counsel. Menéndez Cambó joins the firm from SoftBank Group, where she served as managing partner and deputy general counsel.

Quinbrook Infrastructure Partners has hired Hilkka Komulainen as the new global head of sustainability and impact to be based in London. Komulainen joins the firm from Aegon UK, one of the United Kingdom’s largest DC pension providers.

Current Mandates:

Investment Snr Analyst/Associate – Energy Transition - Milan

Investment Associate (ESG) - Private Equity - London

Investment Associate – Infrastructure (Trilingual) - Paris/Madrid

Investment Senior Associate – Renewables - London

Investment Manager – Asset Manager - Hamburg

Details
Date
December 2, 2024
Category
News
Reading Time
10 mins
Author
RElated News
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