LONDON: Oakley Capital Investments Limited announced Tuesday that its Oakley Capital Origin Fund II is investing in Infravadis, a tech-enabled platform targeting Europe’s underground infrastructure maintenance market, valued at over €25 billion.
Oakley Capital Investments’ indirect contribution through the fund is estimated at approximately £5 million.
Infravadis plans to consolidate the fragmented underground infrastructure maintenance sector through a buy-and-build strategy. Its first acquisition is a majority stake in Germany-based Abfluss Schäfer Group, a leader in sewage cleaning and pipe inspection services.
The company will be led by industry veteran Axel Granitz, former CEO of property damage control firm Polygon. Abfluss Schäfer’s founder, Michael Legère, will continue leading the business while supporting Infravadis’ expansion.
Oakley Capital, a pan-European private equity firm, will assist Infravadis in scaling operations and pursuing further acquisitions. The deal is expected to close in the second quarter of 2025.
Peter Dubens, Oakley Capital’s co-founder, praised the leadership team, saying, “We look forward to building a market leader in this resilient sector.”
Granitz, Infravadis’ incoming chairman, said Oakley’s backing would help establish Europe’s first tech-driven underground maintenance platform. Legère added that Oakley’s expertise in scaling businesses made it an ideal partner.