Cordiant Capital Inc. to acquire HydrogenOne Capital LLP, the investment adviser to HydrogenOne Capital Growth

LONDON: HydrogenOne Capital LLP, the investment adviser to HydrogenOne Capital Growth plc, has entered into a conditional agreement to sell its business and assets to Cordiant Capital Inc., a specialist global infrastructure and real assets manager. This transaction marks a significant move towards expanding HydrogenOne’s market access and capabilities, while maintaining the core team and operations.

HydrogenOne Capital Growth plc, the first London-listed fund focused on clean hydrogen investment, has expressed strong support for the transaction. The Board believes this strategic acquisition will bolster the company’s future growth and maximize shareholder value. Regulatory approvals are anticipated by early 2025, after which the company will be renamed Cordiant HydrogenOne plc.

Cordiant Capital Inc., managing over $4 billion in committed capital, is renowned for its expertise in energy transition infrastructure, digital infrastructure, and the agriculture value chain. With a robust track record in managing UK listed funds, including Cordiant Digital Infrastructure Limited, Cordiant is well-positioned to drive substantial value creation for HydrogenOne’s shareholders.

Simon Hogan, Chairman of HydrogenOne Capital Growth plc, emphasized the Board’s confidence in the transaction, highlighting its potential to enhance shareholder returns. The partnership is expected to unlock significant opportunities for accelerating hydrogen infrastructure development, leveraging Cordiant’s global investment capabilities and HydrogenOne’s technical expertise.

Dr. JJ Traynor and Richard Hulf, Managing Directors and Co-Heads of Cordiant HydrogenOne, reiterated their commitment to maintaining the existing management team and operations. They envision the partnership as a strategic positioning at the forefront of the hydrogen sector, where innovation and sustainability converge.

Benn Mikula, Managing Partner and CEO of Cordiant, expressed enthusiasm for welcoming the HydrogenOne team, noting their deep domain expertise and the synergistic benefits of the acquisition. This collaboration aims to expand Cordiant’s skills and product offerings in the energy transition infrastructure sector, further solidifying its market presence.

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