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Year Founded: 2007

AUM: $11.70B | Dry Powder: $401.73M

3rd Floor (South) 200 Aldersgate Street, London EC1A 4HD, England, UK
Equitix is an investment firm that seeks to invest in core and core-plus small to mid-sized projects operating in social infrastructure, transport, network utilities, environmental services, renewable power, technology, media, and telecommunications sectors

Key Contacts

  • Hugh Crossley
    CEO & Co-Founding Director &Chairman, Investment Committee
  • Geoffrey Jackson
    Co-Founding Director
  • Ffion Boshell
    CFO & Board Director, Equitix Management Service Limited

Investment Preferences

  • Preferred Industries
    N/A
  • Geographical Preference
    Europe
  • Preferred Deal Types
    Carveout
  • Other Investment Preferences
    • Prefers majority stake
    • Will syndicate

Investments By Year

Source: Pitchbook

Funds Closed

Equitix European Infrastructure I
Vintage: 2020

Size: $53.3M

Dry Powder: $27.2M

Details: The fund invests in small to mid-size “core” infrastructure assets across select European jurisdictions

Equitix Fund V
Vintage: 2018

Size: $1.26B

Dry Powder: $120.8M

Details: Invests in energy services & commercial services sectors

Equitix Fund IV
Vintage: 2016

Size: $967.9M

Dry Powder: $35.1M

Details: Fund’s asset preferences are renewable energy, telecom, social service, transportation, etc

Investments By Industry

Investments By Region

Source: Pitchbook

Key Investments

In December 2022, Equitix acquired Aurora Infrastructure for an undisclosed amount from InfraVia Capital Partners. Aurora Infrastructure is a leading platform operating strategic industrial electricity distribution networks in Finland

In September 2022, Equitix acquired Westfield Energy Recovery Limited (WERL), a subsidiary of Brockwell Energy for an undisclosed amount. WERL is the owner of the 240,000 tonne Westfield energy from waste (EfW) plant in Fife, Scotland. It is planned to be operational in 2024, generating over 23MW of electricity

In March 2022, Equitix acquired a 60% interest in the newly established company (“HoldCo”) to which the photovoltaic assets currently owned by Acea Sun Capital are to be transferred. The value of the transaction is EUR132 million. The assets have a total installed capacity of 105MW, including 46MW qualifying for various feed-in tariffs and 59MW represented by newly built plants already connected or in the process of being connected to the national grid

In March 2022, The Renewables Infrastructure Group (TRIG) and Equitix acquired a minority stake in the 1.2GW Hornsea One offshore wind farm in the UK from Global Infrastructure Partners (GIP). The acquisition was backed by investment manager InfraRed Capital Partners Ltd (InfraRed) and operations manager Renewable Energy Systems

In February 2022, Equitix acquired its first geothermal project Traunreut geothermal plant for an undisclosed amount. With the deal the company acquired Grünwald Equity Geothermie GmbH, the operating Traunreut geothermal plant with combined heat and power production 

In July 2021, Portuguese renewable energy company Greenvolt – Energias Renovaveis SA and funds managed by Equitix Group jointly acquired a 43.6MW biomass power plant in England. Greenvolt and Equitix took full control of Tilbury Green Power Holdings Ltd (TPGH), owner of the biomass plant. The transaction had an enterprise value of €286.3 million and the ownership would be split as 51:49 between Greenvolt and the Equitix funds. The biomass plant holds benefits from long-term contracts that cover all key operational areas, and its fuel requirements are fully covered by a 16-year agreement

In March 2021, Equitix acquired 17.5% equity stake in the Beatrice offshore wind farm from Copenhagen Infrastructure Partners (CIP). Beatrice was developed by SSE using 84 Siemens 7MW turbines and has a generation capacity of 588MW. SSE retains 40% stake in the project alongside Red Rock Power Limited with 25% and TRIG with 17.5% stake. The wind farm is situated 13km off the northeast coast of Scotland and benefits from a contract-for-difference subsidy which fixes the price received for all power generated until 2034, with indexation to inflation. The project has an established operational track record beginning in 2018 and a 15-year maintenance agreement with Siemens

Other Details

Equitix is a core infrastructure and energy-efficiency assets manager in the UK. The company invests in healthcare, highways and street lighting, education, leisure, social housing, government accommodation, renewable, and utility infrastructure sectors. Equitix has over 360 assets under management valued at  c.$11.7 billion. The firm focuses on small to mid-cap infrastructure projects located in the UK and Europe across a wide range of sectors but with a focus on social infrastructure and renewable energy. The firm employs more than 200 professionals operating from 15 offices across 21 countries internationally

The latest open fund is Equitix Fund VI. It invests in energy services, commercial transportation, cleantech, industries and TMT sectors. The fund’s target size ranges between $1.00 billion – $1.50 billion

Aberdeen Asset Management, Access Capital Partners, AMP Capital Investors, Babcock International Group, Balfour Beatty, Blackpool Street Lighting, Carillion, CNIC Corporation, Community Health Partnerships, Dalmore Capital, E.ON, Econergy Systems, Essex County Council, Galliford Try, Green Investment Group (UK), Helios Energy Investments, InfraRed Capital Partners are some of the institutional investors in Equitix’s fundsz

Source: Company Website, private equity wire, Tetragon, IPE Real Assets, SparkSpread