Infrastructure Investment Europe: April 2025

Deals:

ADIA owned Infinity Investments has reached an agreement to sell its 24.99% stake in Vier Gas Holdings, the owner of Open Grid Europe, to Italian energy infrastructure company Snam for €920 million.

Apollo have agreed to acquire the European colocation business developed and managed by STACK Infrastructure, a portfolio company of Blue Owl Digital Infrastructure Advisors, in a carve-out transaction. The European colocation business consists of seven data center assets in strategic, highly interconnected locations across five key European markets.

Arjun Infrastructure Partners and Aberdeen Investments have increased their shareholding in Spanish fiber network operator Onivia. The two firms now hold 40% each in Onivia, while Macquarie Capital remains invested with a 20% holding.

AXA IM Alts has acquired a 50% stake in Coalburn 1, a 500-megawatt BESS from Copenhagen Infrastructure Partners.

Blackstone has agreed to acquire a 22% minority stake in AGS Airports from AviAlliance, a wholly owned subsidiary of PSP Investments, for £235 million.

Copenhagen Infrastructure Partners has signed an agreement to divest a 50% ownership stake of the project Coalburn 1 to AXA Investment Managers.

CVC DIF has agreed to acquire 49% of BALANCE Erneuerbare Energien, the biogas subsidiary of German gas company VNG AG.

CVC DIF has acquired two purpose-built student accommodation assets in the United Kingdom from Mapletree Global Student Accommodation Private Trust.

Equitix has acquired Helios Energy Investments’ interests in Bio Capital, taking over full ownership of the company. Bio Capital specializes in anaerobic digestion, with a portfolio of plants across the United Kingdom.

Equitix has acquired seven additional stakes in Building Schools for the Future (BSF) infrastructure projects from International Public Partnerships. This acquisition further consolidates Equitix’s majority stakes in the seven BSF projects.

Eurazeo announces plans to invest €100 million with Metrobloks to support expansion of next-generation data centers in Europe.

Germany is gearing up to launch a €500 billion infrastructure fund. The fund will finance projects beyond the usual budgetary constraints, allocating €100 billion to the federal states and municipalities, and €400 billion to the federal government throughout a 12-year period.

ILOS New Energy and Omnes Capital have agreed to sell a 60% stake in ILOS Projects, their Pan-European renewable-energy independent power producer (IPP) platform, to AXA IM Alts.

Infranity has contributed €125m to financing for European renewable company ERG, alongside IFM.

InfraVia Capital Partners has acquired a 50% stake in the Iliad Group’s data center subsidiary, OpCore.

Keppel Infrastructure Trust to co-invest in Global Marine Group alongside Keppel Infrastructure Fund. GMG is one of the world’s largest independent subsea cable-solutions providers.

Norges Bank Investment Management (NBIM) plans to acquire a 49% equity stake in RWE’s 1.6-gigawatt Nordseecluster and 1.1-gigawatt Thor offshore wind projects, which are currently under construction. The agreed purchase price is approximately €1.4 billion.

Octopus Energy Generation has acquired a 10% stake in the 714-megawatt East Anglia One wind farm, one of the world’s largest operational wind farms, from Macquarie Asset Management.

Partners Group has agreed to acquire a significant minority stake in Gestcompost, the largest organic waste treatment manager in Spain. It will invest more than €120 million through its infrastructure secondaries business.

Sandbrook Capital and PSP Investments have agreed to sell Havfram, an international offshore wind infrastructure company, to DEME, a global leader in offshore energy and marine engineering.

Swiss Life Asset Managers has agreed to acquire a controlling stake in Eliance, a European aerial emergency service (AES) provider, from Buenavista Equity Partners and Himilcon. Existing shareholder RiverRock will remain a minority investor in the company.

Vesper Infrastructure Partners and Infracapital have signed a put option agreement for the acquisition of SAF Aerogroup (“SAF”) – a leading European platform providing mission critical aviation emergency services – from the funds managed by Oaktree Capital Management L.P. and Bpifrance.

Fundraising:

Local Pensions Partnership Investments has launched the LPPI Environmental Opportunities Fund is an open-ended solution that aims to invest in private market assets that contribute to climate mitigation, climate adaptation, and the protection, restoration and sustainable management of nature.

PGIM Real Estate has completed the fundraise for its first Global Data Center Fund (GDCF) with $2 billion of capital allocated to the strategy. The fund has a build-fill-sell investment strategy focused on the low latency hyperscale segment of the global data center sector, targeting opportunistic investment returns.

Pioneer Point Partners has announced the final close of its second sustainable infrastructure fund, Pioneer Infrastructure Partners II SCSp, securing €1.1 billion in capital commitments. The fund exceeded its initial €800 million target and closed at its hard cap, with the fundraising completed in just over twelve months.

SUSI Partners has been selected as portfolio manager of The European Energy Efficiency Fund (eeef), a public-private partnership investment vehicle dedicated to financing public energy efficiency projects across European Union member states.

Movers & Promotions:

Benjamin Abramov has joined Aon as partner and global head of infrastructure. Abramov was previously a managing director at LaSalle Investment Management.

Google has hired Joseph Wutkowski, previously VP at GI Partners focused on data Center investments, to focus on securing land, power and infrastructure to support Google's global network of data centers.

Caroline Kragerud has joined Infranity as head of distribution and investor relations. Kragerud brings more than 20 years of industry experience to the role, having recently served as partner and co-head of investor relations and fundraising at Omnes Capital, covering the North American and Asian markets.

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