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EQT appoints Heads of Private Equity and Infrastructure in Japan

eqt

EQT is pleased to announce two new senior hires, Tetsuro Onitsuka who joins as Head of EQT Private Equity Japan, and Masahiko Kato who joins as Head of EQT Infrastructure Japan. Tetsuro and Masahiko will continue to build the Tokyo-based team with both local and relocated EQT employees while exploring thematic investment opportunities in Japan. In addition, Tetsuro and Masahiko will lead the process of strengthening EQT’s bench of experienced Japanese advisors to the EQT Network.

Tetsuro and Masahiko bring extensive investment experience and local know-how from the Japanese private equity market, with Tetsuro most recently working as a Managing Director at Japan Post Investment, and prior to that Principal and Head of Japan at TPG. Masahiko most recently held a position as Deputy General Manager in Mitsubishi Corp’s private equity and infrastructure division.

The appointment of two senior hires in Japan is in line with EQT’s long-term strategy of expanding its presence within the Asia-Pacific region. Tetsuro and Masahiko will lead and grow the team in close collaboration with the entire EQT platform, including the inhouse digitalization and sustainability specialist teams, as well as EQT’s global network of industry advisors.

Thomas von Koch, Partner and Chairperson of EQT Asia Pacific, said, “We are thrilled to welcome Tetsuro and Masahiko to lead EQT’s operations in Japan. The country offers a wide range of compelling opportunities in EQT’s core sectors and we are confident that our industrial heritage, thematic investment strategy and expert capabilities within technology and ESG will create value for Japanese companies. We look forward to executing on these opportunities while continuing to grow EQT’s local team in Tokyo.”

Tetsuro Onitsuka, Head of EQT Private Equity Japan, said, “I am honored by the confidence EQT has placed with me and I am excited to contribute to the firm’s expansion in Japan. EQT has a successful track record of future-proofing companies and supporting them through their digital transformation, internationalization and sustainable growth journeys. We hope to leverage this experience into a Japanese context.”

Masahiko Kato, Head of EQT Infrastructure Japan, said, “I am humbled and excited to be leading EQT’s Infrastructure business in Japan. EQT’s growth-focused ownership philosophy, global industrial expertise and strong focus on ESG, makes EQT a truly unique firm which should strongly resonate in the Japanese market. I believe EQT’s partnership approach to investments and its growth mindset will unlock new and exciting opportunities”.

Contact
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

About EQT
EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of almost three decades of delivering consistent and attractive returns across multiple geographies, sectors and strategies. Uniquely, EQT is the only large private markets firm in the world with investment strategies covering all phases of a business’ development, from start-up to maturity. EQT today has approximately EUR 71 billion in assets under management across 27 active funds within two business segments – Private Capital and Real Assets.

With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in 24 countries across Europe, Asia-Pacific and the Americas and has more than 1,000 employees.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, Twitter, YouTube and Instagram

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IK Investment Partners Rebrands to IK Partners and Launches New Website

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IK Investment Partners has announced that it is changing its name to IK Partners (“IK”, “the Firm”) and launched a new website.

The Firm has chosen to reinvigorate its brand and visual identity to ensure it is forward-looking and reflective of its journey to date. In line with an aesthetic change to the look and feel of the brand, IK has also developed a new website, with the strapline “People-First Private Equity”. Launching today, the website becomes www.ikpartners.com.

Announcing the change, Christopher Masek, Chief Executive Officer, said: “The entire private equity industry has evolved considerably over the last three decades and so has IK. From a transaction-centric approach of the early years, our culture has evolved to placing more focus on people through the development of strong and mutually respectful relationships. We are driven to unleash the potential we see in teams, businesses and communities and our new name and mission statement reflect this.”

The announcement comes after a busy 18 months for the European private equity firm. In this period, IK has extended its geographical footprint, achieved 10 exits and completed 18 direct investments, raised over €4 billion across its four strategies and added 50 new employees to the team.

With offices in Amsterdam, Copenhagen, Hamburg, London, Luxembourg, Paris and Stockholm, IK Partners will continue to focus on investments in the Benelux, DACH, France, Nordics and the UK across its core sectors of Business Services, Healthcare, Consumer and Industrials.

IK Partners – Key Facts

  • Founded in 1989 as Industri Kapital, IK Partners operates in local markets across Europe, partnering with growing businesses in Business Services, Healthcare, Consumer and Industrial sectors.
  • To date, IK has raised over €14 billion of capital and realised nearly €17 billion.
  • In April 2021, the IK Small Cap III Fund closed at its €1.2 billion hard cap, including a dedicated pool of €250 million for the Development Capital Strategy.
  • In May 2020, the IK IX Fund – IK’s largest to date – closed at its €2.85 billion hard cap and the IK Partnership Fund closed at €303 million.

For further questions, please contact:

IK Partners
Maitland/AMO
James McFarlane
Phone: +44 (0) 7584 142 665
Email: jmcfarlane@maitland.co.uk

 

IK Partners

IK Partners (“IK”) is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €14 billion of capital and invested in over 150 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit www.ikpartners.com

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Apax closes Apax Digital Fund II at $1.75bn hard cap

Apax Digital
  • Reaches hard cap in less than four months
  • Oversubscribed second tech-focused growth equity fund with a high re-up rate
  • Leverages Apax’s deep technology expertise and global platform to invest in minority growth and growth buyout opportunities worldwide

 

Apax, a leading global private equity advisory firm, announced today the final close of Apax Digital Fund II (“ADF II”) at its $1.75bn hard cap. The fund will invest in high-growth technology companies globally.

ADF II will pursue the same strategy as its predecessor fund, targeting minority growth and growth buyout opportunities in rapidly expanding software, internet, and tech-enabled services companies worldwide.

The Apax Digital team, co-led by Managing Partners Dan O’Keefe and Marcelo Gigliani, will continue to draw on Apax’s deep-rooted technology expertise, global platform, and Operational Excellence Practice to partner with exceptional founders and leadership teams to help them accelerate growth, drive transformational change, and unlock value. Since inception the Apax Funds have invested c.$16bn in more than 200 companies within the technology sector.

Marcelo Gigliani and Dan O’Keefe, Managing Partners of Apax Digital commented: “We are grateful for the confidence of our investors, many of whom backed the predecessor fund. As demonstrated by ADF I, our deep technology expertise, the strength and scale of Apax’s global platform, and the value creation driven by Apax’s operational team, allow us to empower the companies we work with to go farther, faster.”

Mitch Truwit, Co-CEO of Apax and Chairman of Apax Digital , said: “We want to thank our limited partners for their support, which is a testament to the fund’s performance and the Digital team’s distinctive positioning in the market. Their experience, dedication, and ability to help companies scale and accelerate growth gives them a clear edge.”

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DIF Capital Partners opens New York office and bolsters team with two senior hires

DIF

Continuing to build on the firm’s strong current momentum, DIF Capital Partners (“DIF”) today announces the opening of an office in New York (US) and the hiring of two senior professionals to bolster its investment and investor relations & business development teams.

The New York office will further deepen DIF’s US presence and its team will work closely with the team in the Toronto office which was established in 2012 to cover the North American market. The opening of the New York office is the 10th local office in DIF’s global platform. Over the past ca. 10 years DIF invested more than USD 1 billion in North America across 18 different investments. The New York and Toronto offices are led by Marko Kremer, partner and Head of DIF’s North American franchise.

Kanan Joshi is joining the New York office as a Senior Director and as DIF’s first US hire. She joins the firm to spearhead its investments and strategy in the US digital infrastructure sector. She brings over 15 years of experience and has a strong track record in sourcing and investing in digital infrastructure assets. Most recently Kanan was the Head of Telecom Infrastructure at Upper Bay. Before that she worked at Digital Bridge and Deutsche Bank in New York, where she was responsible for the origination, structuring and execution of telecom investments across North America, Latin America and Asia. Kanan has deep domain expertise in data centers, cell towers and telecom industries, and enjoys long-standing relationships with established management teams. She has an MBA from the University of Chicago and a Bachelor’s degree in Economics from the University of Mumbai.

In addition, DIF’s global investor relations & business development team is announcing expansion with the hire of Luuk Veenstra, who joins the team as a Senior Director to cover a part of Europe and the Middle-East. Luuk has joined the DIF Schiphol office from M&G in New York, where he established the institutional business development & distribution business for North America. He was previously based in Amsterdam, working with the leading institutional investors in the Benelux. Before M&G, Luuk worked for PGGM’s infrastructure investment team, and for RBC and NIBC in various positions and locations globally, including 10 years in London. Luuk holds an MSc in Monetary Economics from the University of Groningen.

Wim Blaasse, Managing Partner: “Establishing an office in New York is part of our global strategy to establish a strong local presence in the key countries DIF invests in. We are also more than excited to welcome Kanan and Luuk to our firm. We are delighted to have recruited two such high calibre professionals to strengthen DIF’s investment and investor relations team. DIF expects to leverage Kanan’s unique background to help us stay at the forefront of emerging trends, partner with management teams and maximize value for our investors. Luuk will play a key role in further developing DIF’s LP network to support the growth of the DIF platform leveraging on his global distribution, business development and infrastructure investment experience.”

About DIF Capital Partners

DIF Capital Partners is a leading global independent fund manager, with more than €9.0 billion in assets under management across nine closed-end infrastructure funds and several co-investment vehicles. DIF Capital Partners invests in greenfield and operational infrastructure assets located primarily in Europe, the Americas, and Australasia through two complementary strategies:

  • Traditional DIF funds, of which DIF Infrastructure Fund VI is the latest vintage, target equity investments with long-term contracted or regulated income streams including public-private partnerships, concessions, utilities, and (renewable) energy projects.
  • DIF CIF funds target equity investments in small to mid-sized economic infrastructure assets in the telecom, energy, and transportation sectors.

DIF Capital Partners has a team of over 160 professionals, based in ten offices located in Amsterdam (Schiphol), Frankfurt, London, Luxembourg, Madrid, New York, Paris, Santiago, Sydney, and Toronto. For further information please visit www.dif.eu

Contact:

Allard Ruijs, Partner

Email: a.ruijs@dif.eu

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Audax Private Equity Celebrates 1,000th Add-on Acquisition

Audax Group

Audax Private Equity (“Audax”) today announced that it has completed its 1,000th add-on acquisition across more than 140 platform investments in six industries: business services, consumer, healthcare, industrial services & technology, software & technology, and financial services.

Audax was established over two decades ago with a goal of creating a purpose-built organization with trusted relationships. Audax Private Equity is a pioneer of the Buy & Build strategy, which it has successfully executed over the course of the firm’s six flagship private equity funds and across various market conditions and financial cycles. The firm averages seven add-on investments per each platform investment. Further, the firm contributes extensive capabilities and experience in organic revenue acceleration, operational improvements, and capital market efficiencies.

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Outcome of the optional dividend for the financial year 2020/2021: 63% of the dividend rights on the financial year 2020/2021 are distributed in the form of new ordinary shares, resulting in a capital increase of EUR 28.7 million

GIMV
Topic: Dividend

Gimv today announced that 63% of the dividend rights on the financial year 2020/2021 had been presented in return for 607 374 new ordinary shares, for a total amount of EUR 28.7 million.

Gimv’s AGM on 30 June 2021 approved the distribution of a gross dividend of EUR 2.50 per share (EUR 1.75 net) for the financial year 2020/2021. In addition, Gimv offered shareholders the option of subscribing to new ordinary shares, each share being exchanged for 27 dividend rights on the financial year 2020/21 (EUR 47.25), or of taking a cash dividend or a combination of both. The new shares will be of the same type as the existing shares (with no right to a reduced withholding tax) and give entitlement to payment of a dividend from Gimv’s profits as from 1 April 2021. Gimv shareholders were asked to communicate their choice between 7 and 27 July 2021.

16 399 098 dividend rights on the financial year 2020/2021 were presented in exchange for 607 374 new ordinary shares, for a total amount of EUR 28.7 million. 49% of the shareholders in free float opted for payment in shares, VPM for 100% of its participation. These new shares will be issued on 30 July 2021 and will be admitted to listing on Euronext Brussels on the same date. The balance of the dividend will also be distributed on 30 July 2021 in cash, amounting to a gross total of EUR 36.4 million.

As a result of this capital increase, Gimv’s equity (group’s share) will amount to EUR 1 303.0 million (1) and will be represented by 26 654 508 ordinary shares. Each of these shares carries one voting right at the general shareholders meetings and the total number of shares indicated above will represent the denominator for purposes of notifications under the transparency regulations. VPM, Gimv’s reference shareholder, opted for payment in shares on 100% of its shareholding and now holds 7 342 899 shares, equating to 27.55% of the capital. Consequently, Gimv’s free float amounts to 72.45%.

This capital increase adds EUR 28.7 million to Gimv’s equity, in contrast to the situation that would have prevailed had the dividend entirely been paid in cash. The cash which is not paid out will be used by Gimv to finance growth and further expand its portfolio.

Key financial dates

  • Payment date dividend for 2020/2021 financial year and listing new shares on Euronext Brussels – 30 July 2021
  • Results 1H 2021/2022 (1 April 2021 -30 September 2021) – 18 November 2021

(1)  Most recently published equity value (group’s share) as at 31 March 2021, increased with the amount of the capital increase.

Read the full press release:

English – French – Dutch
Gimv
Karel Oomsstraat 37, 2018 Antwerpen, Belgium
www.gimv.com

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CapMan has published its Sustainable Investments Snapshot for 2021

Capman

CapMan press release
11 June 2021 at 9:30 a.m. EEST

CapMan has published its Sustainable Investments Snapshot for 2021

CapMan has published its third Sustainable Investments Snapshot, which covers CapMan’s approach to the integration of environmental, social and governance factors in our investment process and the progress in our funds.

CapMan is an active investor in growing businesses, real estate and infrastructure in the Nordic countries. As active owners, we influence through decision-making and by setting and promoting best practices, and funds managed by CapMan can drive change on a broad scale.

Investing is a direct way of influencing behaviour and promoting activities that are aligned with a framework of values. At CapMan, we are serious about investing in companies, activities and assets that contribute to the well-being of communities in which we operate, while adhering to good governance practice.

This past year, we have continued to develop our approach to sustainable investing by going over processes, gathering data, conducting materiality analysis and defining where we can make a real difference.

Select sustainability development in our operations and portfolio in 2020:

  • SDG 5 Gender equality: +3% more women on average in Buyout portfolio company management groups compared to 2019
  • SDG 8 Decent work and economic growth: +17% average jobs growth in Growth portfolio companies in 2020
  • SDG 13 Climate action: 23% reduction in CO2 emissions from 2019 levels for Norled, CapMan’s portfolio company accounting for the largest share of CO2 emissions in CapMan’s portfolio
  • SDG 13 Climate action: 65% reduction in CapMan Group CO2e footprint from 2019 levels, mostly due to reduced business travel

Please read the snapshot for more details.

www.capman.com/company/sustainability/
Sustainable Investments Snapshot 2021

For more information, please contact: 
Linda Tierala, Director, Communications & IR, CapMan Plc, +358 40 571 7895

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate assets and created substantial value in these businesses and assets over the past 30 years. With close to €4 billion in assets under management, our objective is to provide attractive returns and innovative solutions to investors. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover Private Equity, Real Estate and Infra. We also have a growing service business that includes procurement services, wealth management, and analysis, reporting and back office services. Altogether, CapMan employs around 150 people in Helsinki, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are a public company listed on Nasdaq Helsinki since 2001 and a signatory of the UN Principles for Responsible Investment (PRI) since 2012. Read more at www.capman.com.

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Capricorn Fusion China Fund announces intermediate closing bringing commitments to over € 30 million

Capricorn

Leuven, Belgium: 30 April 2021 – Capricorn Partners, the Leuven-based independent manager of venture capital and equity funds, announces the intermediate closing of its Capricorn Fusion China Fund (“CFCF”) securing more than € 30 million of commitments.

The Capricorn Fusion China Fund is the newest investment fund being managed by Capricorn Partners. Capricorn Partners took over the management of this fund from Fusion Partners on 1 October 2020.

The fund focuses on investments in companies which establish a link between the European and Chinese markets. The fund is looking for, on the one hand, innovative European companies which see a clear role for the Chinese market in their development (in sourcing, supply, production or commercialization). On the other hand, the fund will also invest in Chinese companies who want to enter the European market.

The CFCF fund can invest over the financing continuum — from scale-up to unlisted growth companies — and now has two participations:

  • XenomatiX, a Belgian technology company which develops Lidars (a technology that uses laser pulses to determine the distance to objects) for the mobility market and who wants to be a key player in the race for autonomous vehicles, where the Chinese market offers enormous potential;
  • Xi’an Thiebaut, a Belgian-Chinese joint venture which, as supplier for the Chinese pharma and cosmetics industry, makes and commercializes aluminium tubes in northern China (Xi’an).

The interim closing increases the fund’s capital from € 12,925,000 to € 30,300,000. This is a key step on the way to the fund’s objective of raising € 75 million before the end of 2021. The Capricorn Fusion China Fund is strengthening its capital with the entry of Quest for Growth and the Federal Participation and Investment Company (FPIM), which will also have a seat on the Board of Directors, as well as with the entry of several private investors.

Paul Van Eynde, Senior Investment Manager at Capricorn Partners, said: “We are grateful for the intermediate closing of the fund as it shows confidence in our rather unique investment strategy, and as the increased size of the fund allows us to participate in more sizeable investment opportunities on the bridge between Europe and China”.

Steven Levecke, Senior Investment Manager at Capricorn Partners, added: “We are very happy with the first investments in (China-based) Xi’An Thiebaut and (Belgium-based) XenomatiX, and are confident that the growth of the fund, alongside our expanding network, will help us to execute some of the other promising investment opportunities that we are currently analyzing”.

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Antin Infrastructure Partners hires dedicated team to lead a new investment initiative focused on the next generation of infrastructure

Antin

Antin Infrastructure Partners welcomes Nathalie Kosciusko-Morizet, Anand Jagannathan and Rodolphe Brumm as new partners, joining existing partner Nicolas Mallet to lead Antin’s new next generation infrastructure initiative. Antin also welcomes David Gilmour and Philippe Sauquet as Senior Advisers.

Antin Infrastructure Partners, one of the world’s leading infrastructure investment firms, hires a dedicated team of senior industry experts who will focus on value-add investing in sustainable, scalable and connected assets in both Europe and North America. The new initiative will also focus on delivering both environmental and societal benefits.

New trends and technologies are rapidly changing the infrastructure landscape, ushering in a new era that is greener, smarter and more connected. Antin’s next generation infrastructure investment initiative will take a multi-disciplinary approach to this large opportunity, focusing on investing in the energy transition, environmental and green mobility, social infrastructure, digital transition and other compelling segments. The next generation team will be located in Antin’s Paris, London and New York offices and work closely with the existing Antin team.

Alain Rauscher, Managing Partner and Chief Executive Officer of Antin Infrastructure Partners, said: “As Europe and North America emerge from the pandemic, we have a once-in-a-generation opportunity to upscale and build the infrastructure of tomorrow. With innovation and reinvigorated societal priorities accelerating the world to a greener, more sustainable and connected future, we have built a team with unparalleled experience to be in the forefront of these opportunities.”

Mark Crosbie, Managing Partner of Antin Infrastructure Partners, added: “The next generation team’s appointments also add further depth to our strategic insights and thinking across a broad range of infrastructure asset classes. We are thrilled to welcome them to the Antin family. Their combined knowledge and complementary experience will be major assets to enable us to be a key player to invest in the next generation of infrastructure.”

Additional information on Antin’s next generation team can be found below:

Senior Partners

Nathalie Kosciusko-Morizet and Anand Jagannathan have joined Antin as Senior Partners to lead the next generation infrastructure initiative.

An engineer by training, Ms. Kosciusko-Morizet spent the first part of her career in the French public sector as a Member of Parliament, Mayor, and Cabinet Minister. She has served as Secretary of State for the Environment, Secretary of State for the Development of the Digital Economy and Minister for the Environment, Sustainable Development, Transport, and Housing. Most recently Executive Vice President in charge of the Cloud and Cybersecurity for CapGemini Americas, she brings extensive insight into the regulatory frameworks underpinning the net-zero energy and digital transitions. Ms. Kosciusko-Morizet is based in New York.

Anand Jagannathan, who is based in London, brings over three decades of investment experience to the team, having most recently headed the advisory practice of Investec Bank’s Power and Infrastructure integrated sector team. Mr. Jagannathan has long been a pioneer in the infrastructure sector who introduced the first ever infrastructure practice in London in 2001 as well as defined industry innovations such as energy transition. He has advised governments, large utilities and multilateral institutions on strategic matters, privatizations, capital raisings and mergers and acquisitions.

Partners

Rodolphe Brumm and Nicolas Mallet join the next generation team as Partners, adding complementary investment expertise to build the infrastructure of the next generation.

Rodolphe Brumm, who is based in Paris, brings sector experience and deal execution skills from his position as Executive Director in the Direct Equity Infrastructure team at UBS Asset Management. With over twenty years’ experience, he was a co-founder of Cube Infrastructure and a Managing Director at Ardian Infrastructure. Mr. Brumm also spent time in the Silicon Valley as an adviser in the resource efficiency space, most notably to NextWorld Evergreen, making him well positioned to assess new investment opportunities in sustainable, scalable and connected assets.

Nicolas Mallet, an existing Antin Partner, has been with the firm for ten years. Mr. Mallet’s in-house experience across all sectors — energy, transport, telecoms and social — enriches the team’s capabilities and its thinking to push boundaries of traditional infrastructure to include assets that are poised to become the infrastructure of tomorrow.

Senior Advisers

David Gilmour and Philippe Sauquet have also joined Antin’s network of senior advisers and will, among other responsibilities, help support next generation infrastructure investment opportunities.

David Gilmour, former Vice President of Business Development at BP, helped create new strategies highlighting the importance of technology and venturing, creating a leading Corporate Venturing Capital arm for BP, enabling the transition to a lower-carbon economy. In his 20-year career with BP, he successfully led the Global Marine lubricants business and was CEO of Air BP. While Dr. Gilmour fully retired from BP in June 2020, he remained a Non-Executive Director of several of the start-ups in which BP invested including, artificial intelligence and machine learning for transportation and wind digital optimisation business. He has recently resigned from these roles and has been appointed Executive Chair of StoreDot, an ultra-fast charging battery company.

Philippe Sauquet brings extensive knowledge of the renewable energies and power sector to Antin, acquired over a 30-year career at Total where he played a key role in the company’s repositioning as a responsible energy major. In his last position at the company prior to his recent retirement, he was President Gas, Renewables & Power and Executive Vice President, Strategy & Innovation, and was a member of the Group’s Executive Committee.

Dr. Gilmour and Mr. Sauquet strengthen Antin’s network of 10 senior advisers, seasoned professionals with a particular geographic or sectoral expertise. Working with management and the Antin transaction teams, they bring ideas, insights, industry knowledge and a large network of contacts to inform Antin’s thinking on specific industries and assist the company in its investments and strategic decisions.

Antin’s team now stands at over 120 professionals comprising 30 nationalities.

 

Media Contacts

Nicolle Graugnard

Communication Director, Antin Infrastructure Partners, nicolle.graugnard@antin-ip.com

About Antin Infrastructure Partners

Antin Infrastructure Partners is a leading independent private equity firm focused on infrastructure investments. Based in Paris, London and New York, and fully owned by its 16 partners, the firm employs over 120 professionals. Antin targets majority stakes in infrastructure businesses in the energy and environment, telecom, transport and social infrastructure sectors. The firm has raised over €17 billion and has made investments in 28 companies.

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Eurazeo launches the EURAZEO sustainable Maritime Infrastructure Thematic Fund

Eurazeo

Eurazeo is delighted to announce the launch of the Sustainable Maritime Infrastructure thematic fund (the Fund) to finance more environmentally friendly infrastructure and technologies in the maritime sector that support the transition to a low carbon economy. As a consequence, the fund will have the objective of pursuing sustainable development within the meaning of Article 9 of Regulation (EU) 2019/2088 (known as the “Disclosure Regulation”) and will participate directly in the deployment of O+, the Group’s ambitious ESG strategy – one of the pillars of which is the achievement of net carbon neutrality by 2040.

Currently, 90% of the world’s goods are transported by sea. Therefore, the decarbonisation of the maritime sector is crucial to the fight against climate change. To meet this challenge, the Fund will mainly finance three types of infrastructure: ships equipped with advanced technologies that negate or curtail environmental harm, innovative harbor equipment, and assets that contribute to the development of offshore renewable energy.
The Fund will support around fifty European facilities that will back the transition of the maritime economy to become carbon neutral by 2050 and in line with the ambition announced in the European Green Deal. Several renowned sovereign and institutional investors have already confirmed their involvement in the Fund, which has a target size of €300M.

The Fund, which will be managed by Idinvest Partners, offers investors with a limited risk appetite a highly desirable solution thanks to its asset financing operations, which will generate quarterly distributions from rents received on maritime assets. The Fund will directly own these maritime assets to further limit risk. As such, the Fund will benefit from Solvency Capital Requirement of less than 10%.
Since January 1 2020, shipping companies must significantly reduce their emissions under the International Maritime Organisation’s (IMO) new regulation on the reduction of the sulphur content of fuels (to 0.5% from 3.5%). This regulation is part of the IMO’s worldwide strategy and aims to reduce the shipping industry’s total greenhouse gas (GHG) emissions by at least 50% by 2050, relative to 2008 levels. The Fund will contribute to the reduction of GHGs as well as sulphur oxides (Sox) and nitrogen oxides (NOx) emissions, which are particularly harmful to air quality.

Christophe Bavière, member of Eurazeo’s Executive Board
Eurazeo is particularly proud to present to its investors a solution that meets Article 9 criteria. Many investors are in search for an investment program that has a concrete impact in the decarbonisation and the ecological transition. Eurazeo Sustainable Maritime Infrastructure thematic fund distinguishes itself by a reinforced protection of the capital.
Our new fund is a financing tool that will contribute to the reduction of greenhouse gas and sulphur, reduction measured audited by independent experts, then communicated to our investors. Its implementation, the process of which has been evaluated with full transparency by independent organisations, underlines our aims and ambitions to deploy meaningful funds that provide a response to the environmental and climatic challenges of our time.

Eurazeo is a leading global investment group, with a diversified portfolio of €21.8 billion in Assets Under Management, including €15.0 billion from third parties, invested in over 450 companies. With its considerable private equity, real estate

EURAZEO CONTACTS PRESS CONTACT
PIERRE BERNARDIN
HEAD OF INVESTOR RELATIONS
mail : pbernardin@eurazeo.com
Tél : +33 (0)1 44 15 16 76

VIRGINIE CHRISTNACHT
HEAD OF COMMUNICATIONS
mail: vchristnacht@eurazeo.com
Tel: +33 1 44 15 76 44

MAITLAND/amo
DAVID STURKEN
mail:dsturken@maitland.co.uk
Tel: +44 ( 7990 595 913

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