Pantheon to invest €43mn in European transport and logistics sector

Pantheon to invest €43mn in European transport and logistics sector

LONDON, UK: Pantheon Infrastructure Plc has agreed to invest €43 million in a European transport and logistics company through Pomodoro Holdings Limited, a company controlled by funds managed by affiliates of Apollo Global Management Inc.

Apollo is a leading global alternative investment firm with a successful track record in the transport and logistics sector. This is PINT’s first investment since it launched on the London Stock Exchange following a successful and substantially over-subscribed £400m initial public equity offering in November 2021.

The investee company is a specialist market leader in cold chain warehousing, transport and supply-chain management that provides essential export and import operations of fruits and vegetables. The company has a pan-European presence and benefits from a number of strategic partnerships and established, long-term client relationships across the continent. Importantly, it also has a dedicated Research and Development and ESG team focused on several sustainability initiatives, including working towards a 2030 net zero emissions strategy.

The investment is in line with PINT’s stated strategy of building a diversified portfolio of global infrastructure assets. Specifically, the investment is in an evolving segment of the transport and logistics sector that is becoming increasingly attractive given the fragmented market, resilience of cash flows and opportunities for value creation.

Richard Sem, Partner at Pantheon, PINT’s investment manager, commented: “We are pleased to announce the signing of PINT’s maiden investment. We believe this is a highly accretive growth opportunity and we are particularly pleased to have partnered with such a reputable sponsor in Apollo and with the highly experienced company management team.”

Vagn Sørensen, Chairman of the Company, commented: “We’re delighted to announce PINT’s first investment, which will support our objective to provide attractive risk-adjusted returns through investments in high-quality infrastructure assets primarily located in developed markets.”

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