February 4, 2024

Infrastructure Europe: January 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 Europe: January 2024 Summary
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Deals

Abrdn invests in French fibre network concessions holder NGE Fibre.

Actis join General Atlantic as its sustainable infrastructure arm. The definitive agreement is set to create a diversified global investment platform with US$96 billion of combined assets under management. Actis will become the sustainable infrastructure arm within General Atlantic’s global investment platform.

Better Energy and Andel to develop 15 solar energy parks with a 2GWp capacity in Denmark.

BlackRock have announced an agreement to acquire Global Infrastructure Partners (GIP) for close to $12.5bn in combined cash and common stock. This deal will create a combined platform with over $150bn AUM across it’s equity and debt strategies.

Bluefield Partners LLP has acquired a 247 MW portfolio of UK solar assets from Lightsource bp. Bluefield Solar completed the deal as the first phase of a strategic partnership with GLIL Infrastructure.

Cubico Sustainable Investments has acquired Peel NRE’s 50% stake in its UK renewables joint venture.

Engie lifts interest in Goya wind project in Spain to 66%. Deal marks the last exit of Mirova-Eurofideme 3.

Infracapital acquired the remaining 66.67% stake of Dutch inland port operator CTH from Bolk Container Transport and Nijhof-Wassink making them the 100% owner.

John Laing acquired the entire equity interest of HICL Infrastructure PLC’s four UK (PPP) projects. The deal spans important social infrastructure projects in healthcare and education across the UK.

Octopus Energy Generation has made a £200 million investment in London-based Deep Green’s data centre heat re-use technology.

Q ENERGY has closed the sale of a 73.2 MW portfolio of renewable energy projects in France to Italian company ERG.

Schroders Greencoat LLP has agreed to acquire c.£700m Toucan Energy portfolio - the largest operational solar portfolio traded in the UK.

SSE Renewables has acquired a 400 MW portfolio of early-stage projects in Poland from developer IBC SOLAR AG, representing further expansion of its solar PV pipeline in Europe.

SUSI Partners (SETF) has secured a senior debt package for a fully merchant 167 MW renewables portfolio in Poland from Swedish firm P Capital Partners.

Sweden-based OX2 has sold 45 MW of solar projects in Andalucia to Spanish renewables company Greening Group.

Swiss Life Asset Managers joins InfraBridge as a key shareholder in taking a co-controlling equity stake in Telecom Infrastructure Partners (TIP).

TotalEnergies has signed an agreement with European Energy to acquire an 85% equity stake in the 240 MW Jammerland Bugt offshore wind project and a 72.2% equity stake in the 165 MW Lillebaelt South nearshore wind project in Denmark.

Vantage Data Centers, a leading global provider of hyperscale data center campuses, announced a $6.4 billion equity investment led by investment vehicles managed by DigitalBridge Group and Silver Lake.

Fundraising

Aramco expands global venture capital program with $4bn funds injection – Now at $7bn.

Golding Capital Partners has announced the first closing of its flagship infrastructure fund-of-funds, Golding Infrastructure 2022, with €360 million.

I Squared Capital sets up $1.2b dedicated climate fund with DFC – closing its first dedicated climate fund set up in conjunction with the U.S. International Finance Development Corp. (DFC).

Infranity, (Generali Investments), has launched its new fourth-generation senior infrastructure debt strategy with €425 million ($465 million) of investor commitments. Targeting €1.5 billion.

Macquarie raises record €8bn for Europe infrastructure fund.

Movers & Promotions

DigitalBridge Group has hired Ersin Yorulmaz as managing director, co-head of European capital formation. He was previously at BlackRock, where he served as country lead of alternatives distribution for Germany, Austria and Eastern Europe (EEGA).

Head of investor relations leaves Global Infrastructure Partners (GIP).

DIF Capital Partners promotes six new Managing Directors in a 44-strong promotion round.

Rene Hauzeur promoted to Director at Ardian Infrastructure.

Shreya Malik has been promoted to managing director at KKR.

Details
Date
February 4, 2024
Category
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