Investment in Dutch Electricity Infra Provider

RNS Number : 5176T

Pantheon Infrastructure PLC

25 July 2022

 

25 July 2022

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR TO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY MEMBER STATE OF THE EEA OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.

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, €47m (£40m 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 €11 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 Investment Manager Richard Sem, Partner Harriet Alexander, Vice President	[phone] [e-mail] harriet.alexander @pantheon.com
Investec Bank plc Corporate Broker Tom Skinner (Corporate Broking) Lucy Lewis, Denis Flanagan (Corporate Finance)	[phone]
TB Cardew Public relations advisor Ed Orlebar Tania Wild Max Gibson	[phone] [e-mail] [phone] [phone] [phone]

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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