Infrastructure Investment Europe August 2025

Deals:  

Arcus Infrastructure Partners has completed a strategic refinancing for the debt facilities of Workdry International,a global provider of engineered solutions for the handling and treatment of mission-critical water and wastewater asset rental solutions. The refinancing package totals £660 million ($887 million), comprising £470 million ($632million) drawn at close and £190 million more committed in revolving credit/capex facilities ($255 million).

Aviva Investors has provided £200 million ($269million) of financing toward the design, build and maintenance of the Haweswater Aqueduct Resilience Programme (HARP) in Northwest England. HARP is a significant project to undertake essential maintenance across the 110-kilometer(68-mile) Haweswater Aqueduct pipeline, which has supplied water from the Lake District to 2.5 million people across Cumbria, Lancashire and Greater Manchester for the past 60 years.

Basalt Infrastructure Partners has agreed to acquire Chemco, a provider of essential specialist chemical logistics and distribution services to customers predominantly in the semiconductor, pharmaceutical, food and industrial sectors in Ireland.

Equitix has been awarded a £3 billion ($4 billion)contract for the landmark Haweswater Aqueduct Resilience Programme (HARP)by United Utilities. This major infrastructure project will play a critical role in securing the long-term water supply for communities across north west England.

F2i, Italy’s largest independent infrastructure fund manager, is consolidating its activities in the energy-transition sector under Sorgenia and is partnering with Sixth Street to support the continued growth and future development of the combined businesses. Sixth Street, a global investment firm, will acquire approximately 38 percent of Sorgenia and enable its combination with EF Solare, Renovalia and Renovalia Tramontana —F2i-owned companies active in wind and solar power generation in Italy and Spain.

GLIL Infrastructure, the U.K.-based infrastructure investment fund, and Bluefield Solar Income Fund (BSIF), the London-listed income fund, have announced GLIL will acquire a 75 percent stake in a 250-megawatt portfolio of seven solar assets as part of the third stage of their strategic partnership.

Green Utility, a solar PV platform focused on distributed generation and self-consumption solutions for commercial and industrial (C&I) clients in Italy, has entered into a binding agreement with Basalt Infrastructure Partners to acquire Mareccio Energia, an Italian solar PV portfolio.

Macquarie Asset Management, via its managed funds, recently provided €51 million ($60 million) in second-lien financing to an onshore wind platform in Finland. The eight operational onshore wind farms, with a total capacity of 218 megawatts, are located across Central and Southern Finland. They are owned by funds managed by Taaleri Energia, a Helsinki-based renewable-energy fund manager.

MasOrange, Vodafone Spain and GIC have joined forces to create FibreCo, Spain’s largest fiberoptic company. According to the agreement terms, MasOrange will hold a 58 percent stake in FibreCo,Vodafone Spain will hold a 17 percent stake and GIC will take 25 percent.

NextEnergy Capital (NEC), a global renewables manager specializing in the solar-plus infrastructure sector, has acquired the largest agrivoltaic PV (AgriPV) project in Italy to date via its NextPower V ESG fund. The 73-megawatt advanced AgriPV project colocates utility-scale solar PV with agricultural land use to help maintain and improve soil productivity alongside other traditional land uses.

Zenobē, an owner and operator of grid-scale battery storage in the United Kingdom, has acquired a 400-megawatt ready-to-build battery energy storage system (BESS) in Low Harker, Cumbria, England, from Innova, one of the largest developers of renewable energy and data centers in the United Kingdom.

Fundraising:  

Equitix has formed a consortium with Aware Super, an Australian pension fund, and the United Kingdom’s National Wealth Fund(NWF) to invest £500 million ($674 million) in a new U.K. battery storage platform, Eelpower Energy.

Schroders Greencoat has secured a £450 million ($610million) strategic investment from LifeSight, WTW’s defined contribution(DC) master trust. LifeSight, the first master trust to be authorized in February 2019 by the Pensions Regulator in the United Kingdom, will invest the initial amount in Schroders Greencoat’s Renewables Long-Term Asset Fund (LTAF)with the potential for additional investments in the future.

Sosteneo, an Italian specialist investment manager focused on clean-energy infrastructure and part of Generali Investments, has completed the final closing of its first flagship fund, Sosteneo CleanEnergy Infrastructure Fund, raising more than €620 million ($723 million)in capital commitments alongside €80 million ($93 million) in co-investment capital.

Movers & Promotions:  

Blackstone Infrastructure has named two new co-heads of European investments as its head of Europe, Jonathan Kelly, retires. Jonathan Kelly, senior managing director and European head of infrastructure,is set to retire and leave the firm in Q4 2025. He will be replaced by London-based co-heads of European investments Adam Kuhnley and MarkScarsella.

Copenhagen Infrastructure Partners (CIP) has appointed Christoph Gantenbein as Managing Director to head its newly established Zurich office, strengthening the firm’s investor outreach in Switzerland.

Golding Capital Partners have promoted Daniel Boege to Chief Investment Officer, having spent over 14 years with the firm most recently as their Head of Buyout.

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