Pantheon Infrastructure PLC Investment in Dutch Electricity Infra Provider (5176T)
July 25 2022 - 2:00AM
UK Regulatory
TIDMPINT
RNS Number : 5176T
Pantheon Infrastructure PLC
25 July 2022
25 July 2022
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PANTHEON INFRASTRUCTURE PLC
Investment in Dutch Electricity Infrastructure Provider
Pantheon Infrastructure PLC ("PINT"), the listed global
infrastructure fund, has agreed to invest, subject to EU Merger
Clearance, EUR47m (GBP40m at current exchange rates) in Fudura B.V.
("Fudura"), a market leading business-to-business owner and
provider of medium-voltage electricity infrastructure in the
Netherlands, with a focus on transformers, metering devices and
related data services.
Fudura is active in offering critical electricity infrastructure
to companies seeking solutions for energy efficiency, security of
energy supply and carbon neutrality. It currently has approximately
22,000 business customers, being a combination of larger companies,
public institutions such as hospitals, and SMEs. Within all these
client segments there is a great urgency for a more sustainable
energy consumption. Fudura has a strategy to broaden its services
within energy transition, enabling solutions such as solar panels,
batteries, electric vehicle chargers and electric heating
solutions. The business will play an important role in lowering its
customers' carbon footprint, reducing dependency on natural gas and
contributing to national energy security.
The investment marks the first asset classified as 'Renewables
& Energy Efficiency' in the PINT portfolio and fits well with
the diversification targets of its strategy. PINT co-invested
alongside DIF Capital Partners, a leading global independent
investment manager with around EUR11 billion in assets under
management across ten closed-end infrastructure funds and several
co-investment vehicles.
Richard Sem, Partner at Pantheon, PINT's investment manager,
said: "We are very pleased to announce our latest investment into
this asset that provides essential electricity infrastructure to
its clients. As an Article 8 fund under the Sustainable Finance
Disclosure Regulation, PINT and Pantheon are especially committed
to portfolio companies' impact on the environment, as well as to
societal and governance issues. The investment in Fudura fits well
with our objectives and PINT's strategy and we look forward to our
partnership with DIF on this asset."
For further information, contact:
Pantheon Ventures (UK) LLP +44 (0) 20 3356 1800
Investment Manager pint@pantheon.com
Richard Sem, Partner
Harriet Alexander, Vice President harriet.alexander
@pantheon.com
Investec Bank plc
Corporate Broker
Tom Skinner (Corporate Broking)
Lucy Lewis, Denis Flanagan (Corporate
Finance) +44 (0) 20 7597 4000
TB Cardew +44 (0) 20 7930 0777
Public relations advisor pint@tbcardew.com
Ed Orlebar +44 (0)7738 724 630
Tania Wild +44 (0)7425 536 903
Max Gibson +44 (0)7435 791 368
Notes to editors
Pantheon Infrastructure PLC (PINT)
Pantheon Infrastructure PLC is a closed-ended investment company
and an approved UK Investment Trust, listed on the Premium Segment
of the London Stock Exchange's Main Market. Its Ordinary Shares
trade under the ticker 'PINT'. The independent Board of Directors
of PINT have appointed Pantheon, one of the leading private markets
investment managers globally, as investment manager. PINT aims to
provide exposure to a global, diversified portfolio of high-quality
infrastructure assets through building a portfolio of direct
co-investments in infrastructure assets with strong defensive
characteristics, typically benefitting from contracted cash flows,
inflation protection and conservative leverage profiles.
LEI: 213800CKJXQX64XMRK69
Pantheon
Pantheon is a leading global private equity, infrastructure
& real assets, private debt and real estate investor with 40
years' experience sourcing and executing private market investment
opportunities on behalf of clients. Pantheon has $84.6 billion in
assets under management and advice (as at 31 December 2021) and
employs over 415 staff, including more than 120 investment
professionals, across offices in London, San Francisco, New York,
Chicago, Hong Kong, Seoul, Bogotá, Tokyo, Dublin and Berlin.
Further details can be found at www.pantheon.com
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