Sustainable value creation through partnership
Tell me moreWe are a specialist global infrastructure manager investing in high-quality, mature, mid-market infrastructure companies in renewables, digital infrastructure, waste management, water utilities, transportation and logistics sectors in Europe, the UK, Australia, New Zealand and North America.
We have been an active infrastructure investor since 1994 and have consistently pursued an investment strategy which allows us to work closely with our portfolio companies and other stakeholders to create sustainable long-term value through proactive asset management focusing on innovation and responsible investment.
Over 100 global investment specialists*
A 30 year investment track record across c.70 acquisitions*
Over 200 clients entrust us to manage US$18.8bn of assets*
*Source: First Sentier Investors, in USD as at 31 March 2024
Responsible investment
We believe that managing environmental, social and governance risks and opportunities is an important part of creating, protecting and enhancing long-term value in the infrastructure investments that we manage on behalf of our investors. These issues are considered throughout the investment process, from the initial screening and due diligence on new investment opportunities through to the investment decision, asset management and exit. Proactive asset management within our portfolio companies allows us to identify risks and opportunities and seek to drive improvements.
To find out more:
View our portfolio assets
Locales
Sector
Company
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Adelaide Airport
Adelaide Airport served almost eight million passengers in FY23 as Australia’s fifth largest airport by passenger volume. Adelaide Airport occupies a land size of 800 hectares, with a combined international / domestic terminal which was recently expanded, and two runways. It has a diversified revenue base comprising aeronautical, retail, ground transport, and property revenue streams. The airport is the key domestic and international gateway to Adelaide and South Australia, and is the largest single site employment precinct in the State. The airport operates under a light-handed, dual-till regulatory regime. Adelaide Airport also owns Parafield Airport, Adelaide’s second airport and is used for general aviation purposes.
- Location: Australia
- Sector: Airports
- Risk Classification: volume
- Initial Acquisition date: May 2015
- Governance: joint
- Website: www.adelaideairport.com.au/
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Atmos Renewables
Atmos Renewables is an Australian utility-scale renewables platform that comprises interests in nine operational wind farms across three Australian states (Victoria, South Australia and Tasmania) and six operational solar farms in Queensland, New South Wales and Victoria totaling a gross capacity of 1,727 megawatts (1,022MW economic capacity reflecting ownership stakes). Atmos is a leading Australian renewables developer, owner and operator with a diversified portfolio of assets by technology and geography.
- Location: Australia
- Sector: Renewable energy
- Risk Classification: contracted
- Initial Acquisition date: Mar 2021
- Governance: sole
- Website: atmosrenewables.com.au/
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Brisbane Airport
Brisbane Airport served over 23 million passengers in FY19 as Australia’s third largest airport by passenger volume. Operating curfew free 24 hours a day, seven days a week, Brisbane Airport has two major terminals and two runways. Brisbane Airport is the largest capital city airport in Australia by land size occupying 2,700 hectares. It has a diversified revenue base comprising aeronautical, retail, ground transport, and property revenue streams. Brisbane Airport is the key domestic and international gateway to Brisbane and Queensland. The airport operates under a light-handed, dual-till regulatory regime.
- Location: Australia
- Sector: Airports
- Risk Classification: volume
- Initial Acquisition date: May 2015
- Governance: joint
- Website: www.bne.com.au/
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Clarus
Clarus, previously known as Firstgas, owns and operates gas transmission and distribution networks in the North Island of New Zealand. Its networks consist of a high gas transmission system from New Plymouth spanning the North Island with a total length of over 2,500 km, a gas distribution system which services more than 60,000 customers, primarily in central and northern regions of the North Island with a total length of over 4,800 km and a electricity distribution system for the Gisborne and Wairoa regions including 3,950 km of lines servicing over 25,800 customers. Clarus is also the owner and operator of the Ahuroa gas storage facility, which is contracted under long-term fixed price arrangements; and of Rockgas LPG distribution business, the largest LPG retailer in New Zealand.
- Location: New Zealand
- Sector: Gas Distribution
- Risk Classification: regulated
- Initial Acquisition date: Apr 2016
- Governance: sole
- Website: clarus.co.nz
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coNEXA
coNEXA Infrastructure Partners is an integrated water utility comprising five portfolio assets – Rosehill Recycled Water Scheme (‘AquaNet’), Willunga Basin Water Company (‘WBWC’), Lightsview ReWater (‘LV’), Kooragang Industrial Water Scheme (‘KIWS’) and Permeate Partners (‘Permeate’). AquaNet is an unregulated water utility providing recycled water to industrial users, via Sydney Water, in the Greater Parramatta to the Olympic Peninsula region of Sydney. WBWC is an unregulated rural water utility providing low cost recycled water for irrigation to the McLaren Vale wine region, south of Adelaide. LV is a regulated urban water utility providing mandated recycled water to the Lightsview housing development 8km north of the Adelaide CBD. KIWS is an unregulated water utility in the Kooragang Island, Newcastle supplying high-grade industrial water to Orica. Permeate is a specialist in the design, delivery and operation of water and wastewater infrastructure. coNEXA is the water platform for GDIF to invest in water infrastructure in Australia and New Zealand.
- Location: Australia
- Sector: Water utility
- Risk Classification: contracted
- Initial Acquisition date: Dec 2016
- Governance: sole
- Website: wua.com.au/
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CPE Renewable Investment Unit Trust
CPE Renewable Investment Unit Trust develop, own and operate multi-utility assets at residential, commercial and industrial buildings. CPERI has partnered with a project developer, CleanPeak Energy, who is responsible for delivering the development projects through construction and to operation. The portfolio includes four operational multi-utility sites, as well as 52 operational or under construction rooftop solar, utility-scale solar and battery assets for commercial and industrial clients. Once construction is complete, the portfolio will have 117.2MW of solar capacity, 81.2MWh of battery capacity and c. 139MW of thermal capacity. The portfolio benefits from long-term energy sale contracts with a range of diverse commercial, industrial and residential customers.
- Location: Australia
- Sector: Renewable energy
- Risk Classification: contracted
- Initial Acquisition date: Apr 2019
- Governance: joint
- Website: cleanpeakenergy.com.au/
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DAH Group
The DAH Group is an integrated energy company that generates gas, electricity and heat from renewable energy sources. DAH operates 22 biogas plants located primarily in Eastern Germany making it one of the largest plant operators in the country.
- Location: Europe
- Sector: Renewable energy
- Risk Classification: contracted
- Initial Acquisition date: Nov 2023
- Governance: sole
- Website: www.dah-gruppe.de/start/
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Evos
Evos is an independent liquid energy and chemical storage company operating a network of 8 tank terminals with a combined storage capacity of 6.3 million cbm. The company provides critical infrastructure in key trading hubs in Europe covering the ARA region, Germany’s largest port Hamburg and the Mediterranean. Evos offers safe handling of a range of liquid bulk products, and is a frontrunner in the storage of sustainable fuels and supporting the energy transition.
- Location: Europe
- Sector: Bulk Liquid Storage
- Risk Classification: contracted
- Initial Acquisition date: Sep 2019
- Governance: sole
- Website: evos.eu/
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Finerge
Finerge is Portugal’s second-largest renewable energy producer and for over 20 years has worked to provide access to more sustainable energy sources to the world. Finerge operates 69 Wind Farms and 17 PV solar plants located in more than 46 municipalities across Portugal and 3 provinces in Spain. Day and night, more than 770 turbines harness the energy of the wind, and thousands of photovoltaic modules that collect energy from the sun, transforming it into clean electricity at a rate of 3.200Gwh. All this means that more than 1,661 k tons of CO2 emissions are avoided.
- Location: Europe
- Sector: Renewable energy
- Risk Classification: contracted
- Initial Acquisition date: Nov 2015
- Governance: sole
- Website: www.finerge.pt/en/
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Integrated Waste Services
Integrated Waste Services is one of the largest post-collections waste businesses in South Australia comprising landfill, primary processing and transfer stations. It processes approximately 450,000t of waste from council and commercial and industrial customers.
Integrated Waste Services is the waste platform for GDIF to access future opportunities in the Australian waste sector.
- Location: Australia
- Sector: Waste
- Risk Classification: contracted
- Initial Acquisition date: Jan 2022
- Governance: sole
- Website: www.iwsgroup.com.au/
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International Parking Group
International Parking Group specialises in the ownership and operation of hospital car parks with operations at eight sites in Sydney, Brisbane and Perth, comprising over 11,000 bays. The largest site, the Queen Elizabeth II Medical Car Park in Perth, has 5,300 parking spaces.
- Location: Australia
- Sector: Car parks
- Risk Classification: volume
- Initial Acquisition date: Feb 2003
- Governance: joint
- Website: internationalparkinggroup.com.au/
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MVV Energie
MVV Energie is a German-based integrated utility company supplying industrial, commercial and private household customers. Present across the whole energy value chain, MVV is active across generation, distribution, trading and supply in power, district heating, gas and water. In addition to its regulated networks, the Company has a strong focus on renewable energy generation, including energy-from-waste, biomass and bio-methane plants in addition to onshore wind farms. MVV holds a top decile ESG rating by Institutional Shareholder Services (ISS) and is a multiple award winner for its efforts in the German energy transition.
- Location: Europe
- Sector: Integrated Utility
- Risk Classification: regulated
- Initial Acquisition date: Jun 2020
- Governance: joint
- Website: www.mvv.de/en
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Navigator Terminals
Navigator Terminals is an independent bulk liquid storage provider in the United Kingdom consisting of four operating petroleum and chemical storage terminals located in London (Thames), Teesside (Seal Sands and North Tees) and Barry (Windmill) with a combined total capacity of c.1.3 million cubic metres.
- Location: Europe
- Sector: Bulk Liquid Storage
- Risk Classification: contracted
- Initial Acquisition date: Oct 2016
- Governance: lead
- Website: www.navigatorterminals.com/
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OLT Offshore LNG Toscana
OLT owns and operates the FSRU Toscana, a floating LNG regasification terminal. The FSRU was converted from an LNG tanker and is anchored off the Italian coast of Livorno. The terminal has an annual regasification capacity of 3.75 bcm (approx. 4% of domestic demand) and is connected to the Italian gas transmission network via a subsea pipeline. The FSRU Toscana is a core infrastructure asset for the importation of LNG to the Italian energy system and as such operates under a long term concession and is regulated by ARERA, the Italian Regulatory Authority for Energy, Networks and Environment.
- Location: Europe
- Sector: Gas Distribution and Transmission
- Risk Classification: regulated
- Initial Acquisition date: May 2019
- Governance: joint
- Website: www.oltoffshore.it/en/
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Patriot Rail
Based in Jacksonville Florida, Patriot Rail operates a portfolio of 32 short line freight railroads encompassing more than 1,260 track miles across 23 states in the United States. In addition to rail freight, Patriot’s operations include other rail-related services (such as railcar storage, transloading, railcar cleaning, scrapping, repair and maintenance, and contract switching). Patriot has a high quality, diversified customer and commodity mix across its portfolio, with a focus on safe and reliable service as a core value.
- Location: North America
- Sector: Rail
- Risk Classification: volume
- Initial Acquisition date: Oct 2019
- Governance: lead
- Website: patriotrail.com/
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Quantem
Quantem is the owner and operator of bulk liquid storage facilities across twelve locations in Australia and New Zealand with total terminal capacity of approximately 605,000 cubic metres. The Company provides storage for products including industrial chemicals, fats and oils petrochemicals and bulk petroleum with the ability to handle hazardous and non-hazardous, and flammable and combustible products. Approximately 70% of revenue is derived from storage services, typically on a take-or-pay basis with the remainder from ancillary services.
- Location: New Zealand Australia
- Sector: Bulk Liquid Storage
- Risk Classification: contracted
- Initial Acquisition date: May 2015
- Governance: joint
- Website: quantem.com.au/
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Rialto Bioenergy Facility
Based in Carlsbad, California, Rialto Bioenergy Facility is an organic waste-to-energy plant developed by Anaergia Services, a global leader in the production of clean energy, fertiliser and recycled water from waste streams. It is the largest food waste diversion and energy recovery facility in North America and has the capacity to convert 700 tons per day of organic waste and 300 tons per day of biosolids into renewable natural gas.
- Location: North America
- Sector: Renewable energy
- Risk Classification: contracted
- Initial Acquisition date: Apr 2020
- Governance: joint
- Website: www.anaergia.com/
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Scandlines
Scandlines is the sole operator of the Rodby-Puttgarden (RoPu) and Gedser-Rostock (GeRo) ferry routes, connecting Denmark with Germany. RoPu is the fastest route between Copenhagen and Hamburg and a 120km shorter driving distance than the next viable alternative. GeRo is the fastest route between Copenhagen/Southern Sweden and Berlin, which is 2-3 hours quicker than low-frequency ferries from Sweden.
- Location: Europe
- Sector: Ferries
- Risk Classification: volume
- Initial Acquisition date: Jun 2018
- Governance: lead
- Website: www.scandlines.com/
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Soltage
Soltage is a renewable power producer that develops, owns, operates and manages solar and storage assets across 18 states in the US. Established in 2005, Soltage is a vertically integrated distributed generation platform with in-house project development, design and engineering, finance and asset management / reporting functions.
- Location: North America
- Sector: Renewable energy
- Risk Classification: contracted
- Initial Acquisition date: Aug 2023
- Governance: sole
- Website: www.soltage.com/
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Tuatahi First Fibre
Tuatahi First Fibre Limited operates the second largest fibre-to-the-premises broadband network in New Zealand. The Company’s network spans over 4,200km in the high growth urban areas of the central North Island of New Zealand; the Waikato, Bay of Plenty, Taranaki, Manawatu Whanganui, Hawke’s Bay, Rotorua and Taupo regions of New Zealand. The majority of the network was built as part of the Government-backed Ultra-Fast Broadband initiative launched in 2010. The Company completed its initial network build in December 2019 with the network currently passing c. 267,000 premises and growing.
- Location: New Zealand
- Sector: Telecommunications
- Risk Classification: contracted
- Initial Acquisition date: Sep 2020
- Governance: sole
- Website: tuatahifibre.co.nz/
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US Signal
US Signal Company, LLC is a leading data center and fiber network solutions provider in the United States. The company operates ~9,500 miles of fiber network and nine data centers across multiple US Midwestern states, including Michigan, Indiana, Illinois and Wisconsin.
Network offerings span a range of connectivity products that leverage its owned network (on-net) and third party networks (off-net), creating a range of margin and growth profiles for different offerings. The network business serves ~1,100 customers with a particular focus on telecom & carriers, healthcare, and financial & professional services.
Data Center offerings include a mix of colocation and cloud (private and multi-tenant) solutions, supplemented by products including DRaaS (‘Data Recovery as a Service’) and BaaS (Backup as a Service). The company also provides a range of managed, professional and security services to customers requiring third-party support of their IT operations. The data center and managed IT & security business serves ~630 customers.
- Location: North America
- Sector: Digital
- Risk Classification: contracted
- Initial Acquisition date: Feb 2023
- Governance: sole
- Website: ussignal.com/
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Utilitas
Utilitas is the largest district heating operator and renewable energy producer in Estonia providing heat to 8 cities in Estonia, including Tallinn the capital of Estonia. The company operates 556km of district heating network, providing over 2GWh of heat to 174,000 households across the country. Over 65% of heat and electricity produced is generated from renewable fuels and the company is committed to be carbon neutral by 2030.
- Location: Europe
- Sector: District Heating
- Risk Classification: contracted
- Initial Acquisition date: Nov 2018
- Governance: lead
- Website: www.utilitas.ee/en/
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Waste Management New Zealand
Waste Management New Zealand is New Zealand’s largest resource recovery and waste management services provider with vertically integrated operations across the country. The company is the leading market player in both collections and post-collections segments in New Zealand, with an overall market share of 36%.
The Company operates with over 800 trucks across 70 locations in New Zealand, servicing approximately 130,000 private and commercial collections customers and 50 municipal council contracts and collecting over 2.1 million municipal bins per month. The post-collections segment comprises a strategic nationwide network of 50 owned and/ or operated landfills, material recovery, transfer stations and technical facilities; handling over 1 million tonnes of waste and recycling over 200,000 tonnes. It also owns and operates five of New Zealand’s largest Class 1 landfills and operates two others.
- Location: New Zealand
- Sector: Waste
- Risk Classification: contracted
- Initial Acquisition date: Sep 2022
- Governance: sole
- Website: www.wastemanagement.co.nz/
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Westconnect
Founded in 2010 and headquartered in Essen, Westconnect is a fibre broadband joint venture between Igneo and E.ON SE (E.ON). The Company is a leading integrated full fibre provider comprising fibre broadband operations in the western German federal states of North-Rhine Westphalia, Lower Saxony and Rhineland-Palatinate. The Company operates in regions in which E.ON owns and manages the electricity and gas distribution networks, benefitting from superior customer and municipality access as well as existing ducts and capex synergies.
- Location: Europe
- Sector: Telecommunications
- Risk Classification: volume
- Initial Acquisition date: Oct 2022
- Governance: joint
- Website: www.westconnect.de/
Not all assets are held within strategies registered for sale in EMEA, US, Australia, New Zealand, Asia and Japan. Reference to specific securities (if any) is included for the purpose of illustration only and should not be construed as a recommendation to buy or sell the same. All securities mentioned herein may or may not form part of the holdings of Igneo Infrastructure Partners’ portfolios at a certain point in time, and the holdings may change over time.
View our latest insights
Latest business news, research papers, investment strategy updates from some of Igneo’s leading investment experts.
Sector
Media
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The policy framework and practical challenges in US renewables
16 Jul 2024Find out moreJoin the conversation with John DiMarco, Igneo Infrastructure Partners and Greg Whetstone as they work through the good news in US Renewables but also explore the challenges presented by this growth and the aspirations for an integrated US power system.
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The Ownership of Infrastructure and the Risks of Cyber-Security
26 Jun 2024Find out moreIn this episode of Keeping it Real Assets listen to Alex Nassuphis, Managing Director at Igneo, discuss some of the risks associated with the operating environment with Kate O’Loghlen, Global Head of Cyber at G3.
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Igneo’s 2023 Responsible Investment Report
14 May 2024Find out moreWe are delighted to present the key findings, developing themes and standout trends from Igneo’s Global Responsible Investment Report in the latest episode of our podcast series-Keeping it Real Assets.
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Board Governance and Climate Change
23 Apr 2024Find out moreIn a discussion with Igneo's Head of Responsible Investment for Europe, Sophie Durham, and Non-Executive Director Karina Litvack, they cover topics like the energy transition, climate change targets, greenwashing, and demonstrating progress
