LONDON: 3i Infrastructure plc has agreed to sell its 71% stake in TCR, the largest independent lessor of airport ground support equipment. Expected net proceeds to 3iN from the sale are approximately €1,140 million, a c.22% uplift from our valuation at 30 September 2025 and a c.50% uplift from the last valuation set before the beginning of…
LONDON: 3i Infrastructure plc has received a binding offer for its c.33% stake in Valorem, a leading independent European renewable energy developer and power producer, from funds managed by AIP Management P/S and from certain other co-investors. Subject to acceptance of the binding offer, following consultation with Valorem’s employee representative bodies, company expects completion of…
LONDON, UK: 3i Infrastructure plc intends to sell its c.25% stake in Attero, one of the largest waste treatment and recycling companies in the Netherlands, to Ardian Infrastructure. Ardian Infrastructure intends to purchase 100% of Attero from 3i Infrastructure and its co-investors (funds managed by DWS (c.50%), and other funds managed by 3i Investments plc…
LONDON, UK: 3i Infrastructure has agreed to invest c.£191 million to acquire a 92% stake in SRL Traffic Systems, the market leading traffic management equipment rental company in the UK. Management has re-invested to acquire the remaining 8% stake. 3i Infrastructure has provided a further £83 million of debt financing to SRL with the intention…
LONDON, UK: 3i Infrastructure has agreed to acquire the stake in ESVAGT owned by its co-investor AMP Capital for £268 million, a bourse filing said. This would result in 3i Infrastructure holding 100% of the equity in ESVAGT. Completion is subject to certain third party consents and is expected to take place in the first quarter of 2022. In…
LONDON, UK: 3i Infrastructure plc has completed the sale of its 45% stakes in four European liquid storage terminals on 29 October after receiving certain third-party consents. The sale, to Evos through its entity Evos Finance B.V., was announced on 23 September 2021. Evos is owned by funds managed by First Sentier Investors. The four…
LONDON: 3i Infrastructure plc has agreed to invest €220 million to acquire up to 100% of Ionisos, a leading owner and operator of cold sterilisation facilities servicing the medical, pharmaceutical and cosmetics industries, from Ardian Expansion. Completion is expected to take place in September. Established in 1993 in Civrieux, France, Ionisos is the third largest…