Denmark’s largest pension fund ATP and 3i Infrastructure are buying an offshore fibre optics company from Swedish investment firm EQT. 3i Infrastructure said it will invest around €220m for a stake in Tampnet, as part of a consortium with DKK768bn ATP.
ATP has been steadily increasing its exposure to infrastructure in recent years. Last year, it invested DKK9.76bn in Copenhagen Airports, the biggest single investment it had ever made.
Meanwhile, Dutch asset manager PGGM is buying a 20% stake in the US water business of France-based multinational utility group Suez for $601m. The €215bn asset manager said its infrastructure fund has agreed to acquire the stake in Suez Water Resources, a company specialised in regulated water activities.
And EQT is in talks to purchase French water company Saur Group.
This fits neatly with increased demand from our clients for Debt and Equity investors and sales people in this asset class.