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Year Founded: 2007

AUM: $2.74B | Dry Powder: $15.47M

16 Palace Street London SW1E 5JD, England, United Kingdom

3i Infrastructure is the investment arm of the 3i Group which specializes in infrastructure investments. The firm prefers to invest in companies operating in the infrastructure, utilities, transportation, energy projects and development sectors across Europe, North America, and Asia

Key Contacts

  • James Dawes
    Chief Financial Officer
  • Phil White
    Managing Partner and Head of Infrastructure
  • Timothy Short
    Partner

Investment Preferences

  • Preferred Industries
    Commercial Services, Communications and Networking, Energy Equipment, Energy Services, Healthcare Services, Other Energy, Utilities, Transportation
  • Geographical Preference
    Asia, Europe, North America
  • Preferred Deal Types
    Junior Debt, Mezzanine
  • Other Investment Preferences
    Prefers majority stake

Investments By Year

Source: Pitchbook

Funds Closed

Alma Mater Fund
Vintage: 2018

Size: $102.7M

Dry Powder: $15.5M 

Details: The fund invests primarily in communications and networking, oil and gas, TMT and energy sectors

I² Fund
Vintage: 2003

Size: $882.5M

Dry Powder: $882.5M

Details: The fund mainly invests in healthcare services, commercial services, energy, industrials, education, transport and MOD sectors

Investments By Industry

Investments By Region

Source: Pitchbook

Key Investments

In December 2021, 3i Infrastructure plc agreed to invest c.£191 million to acquire a 92% stake in SRL Traffic Systems, UK based traffic management equipment rental company and further £83 million of debt financing to SRL with the intention of replacing this with third party debt in due course

In December 2021, 3i Infrastructure raised stake in France’s Valorem to around 33%. The company made an investment of €25 million into Valorem by taking part in a capital increase carried out by the renewable energy developer and power producer

In April 2021, 3i Infrastructure, through its portfolio company Joulz, acquired Zonel Energy, which provides solar rooftop solutions to businesses across the Netherlands. Zonelwould be renamed Joulz Solar Energy, and is expected to increase Joulz’s turnover by approximately 20%

In March 2021, Crowley along with one of 3i infrastructure portfolio company, Esvagt formed a joint venture to bolster the availability of purpose-built, Jones Act vessel in support of the emerging offshore wind energy market. Notably, in May 2022 3i sold c.17% stake in Esvagt to three unnamed institutional investors for €105.5 mn

In August 2020, 3i Infrastructure plc through its invested company Tampnet acquired a 1,200km offshore fibre cable system in the Gulf of Mexico from BP Exploration & Production Inc. The deal was made through Tapnet’s internal resources and existing credit facilities

In April 2020, 3i Infrastructure, through its portfolio company Joulz Diensten acquired the Dutch division of Greenflux, an operator of electric vehicle charging infrastructure for an undisclosed amount. Greenflux has over 3,000 charging points across the Netherlands

§In January 2020, Valorem which is 28.5% owned by fund manager 3i Infrastructure plc, agreed to acquire a portfolio of 82MW wind projects under various stage of developments in Greece with aim to finance, build and operate them in a short-term period

§In July 2019, 3i Infrastructure plc agreed to acquire 100% of Lonisos from Ardian Expansion, for €220 million. Lonisos is the owner and operator of cold sterilisation facilities servicing the medical, pharmaceutical and cosmetics industries. The completion of the transaction is expected to take place in September 2019

In April 2019, 3i Infrastructure acquired Joulz Diensten B.V. from Stedin Holding NV, a Dutch distribution grid operator for €220 million. Joulz leases essential energy infrastructure equipment and meters to a diversified customer base of industrial, commercial and public sector customers

Other Details

3i Infrastructure’s aim is to provide shareholders with a total return of 8% to 10% per annum, to be achieved over the medium term, with a progressive annual dividend per share. The firm invests across mid-market economic infrastructure in developed markets, with a focus on the UK and Europe. The typical range of equity investments ranges between £100 million – £400 million

3i North American Infrastructure Fund is a 2022 vintage infrastructure core fund managed by 3i Group. It is an open fund that invests in North America. The fund has already reached $500 million first close. The fund is targeting $1 billion to $1.1 billion, net returns in the mid to high teens, investing in mid-market companies across energy, digital, transport and social infrastructure, including Smart Carte and ECWASTE

AMP Capital Investors, Anglian Water Group, Ardian, Bpifrance, Credit Suisse, Crédit Agricole Aquitaine,CPP Investments, DWS, First Sentier Investors, IFM Investors, Infinis Energy, Innisfree are some of the institutional investors who invests along with 3i-Infrastructure

Source: Company Website, Shares Magazine, Quote Data, Renewables now