Articles from I Squared Capital

I Squared Capital, a leading global infrastructure investment manager, today announced a USD $300 million commitment from Rest, one of Australia’s largest profit-to-member superannuation funds.

I Squared Capital, a leading independent global infrastructure investment firm, today announced two senior appointments to its investment and asset management teams in London.

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I Squared Capital, a leading global infrastructure investment manager, is pleased to announce the appointment of Patricia Menéndez Cambó as its new General Counsel.

I Squared Capital, a leading independent global infrastructure investment manager, announced today that its renewables platform Cube Green Energy has signed an agreement to acquire control of SUNfarming, a leading German photovoltaic (PV) developer and independent power producer with a focus on solar projects on agricultural land, known as “Agri-PV”. By joining forces with the founders of SUNfarming, Cube Green Energy will have an early-mover advantage in Germany’s Agri-PV market, unlocking synergies and advancing the company’s commitment to innovative solutions for Germany’s energy transition goals.

I Squared Capital announced today that it has entered into an agreement to acquire Philippines Coastal Storage & Pipeline Corporation and its affiliate entities.

I Squared Capital, a leading independent global infrastructure investment manager, announced today that Guillaume Pepy, former CEO of French national rail group SNCF, is joining the firm as a Senior Policy Advisor.

I Squared Capital, a leading independent global infrastructure investment manager, announced today that Radhika Fox, an environmental and water infrastructure expert, is joining the firm as a Senior Policy Advisor.

I Squared Capital (“I Squared”), a leading independent global infrastructure investment manager, today announced that it has entered into an agreement to acquire Priority Power Management, LLC. (“Priority Power” or “the Company”).

I Squared Capital, a leading independent global infrastructure investment manager, today announced that it has raised in excess of $600 million from Mubadala Investment Company (“Mubadala”), the Abu Dhabi sovereign investor, Qatar Investment Authority (“QIA”) and others for Transportation Equipment Network (“TEN”).

I Squared Capital, a leading independent global infrastructure investment manager, today announced a transaction to combine the North American operations of two of its portfolio companies.

I Squared Capital, a leading independent global infrastructure investor, today announced that a consortium of Japanese investors will become strategic minority shareholders in the Natural Gas Transition Platform (the Platform), a Singapore-based holding company with investments in Indian city gas distribution networks that develop and operate Compressed Natural Gas (CNG) stations for vehicles, pipe natural gas to homes, and distribute Piped Natural Gas (PNG) as well as Liquefied Natural Gas (LNG) to industrial and commercial customers.

I Squared Capital, a leading independent global infrastructure investment manager, today announced that Jonathan Popper will be joining the firm as Fund Partner and Head of Asset Management and Value Creation for the Americas.

I Squared Capital (“I Squared”), a leading global infrastructure investment manager, announced its acquisition of WOW Logistics (“WOW”), a Wisconsin-based integrated supply chain solutions provider.

I Squared Capital, a leading independent global infrastructure investment manager, today announced it had entered into exclusive negotiations to acquire the remaining 55% stake in Rubis Terminal that it does not already own from Rubis SCA, a French energy group. If completed, the transaction would bring I Squared’s ownership of Rubis Terminal to 100%, reinforcing its commitment to the company. The equity value of the acquired stake is €375 million.

I Squared Capital, a leading independent global infrastructure investment manager, today announced that it will expand its European operations with the opening of a new office in Munich, its first in continental Europe. The presence in Munich will strengthen I Squared’s long-term engagement in Germany and the whole of Europe and enable the firm to be closer to its existing portfolio companies, evaluate investment opportunities across the region, and further connect with the financial services ecosystem in continental Europe.

I Squared Capital, a leading independent global infrastructure investment manager, today announced the firm had won eight Infrastructure Investor Annual Awards. This includes global awards for Fund Manager of the Year, Mid-Market Investor of the Year, and Innovator of the Year. Gautam Bhandari, I Squared’s Chief Investment Officer and Managing Partner, won Personality of the Year.

I Squared Capital, a leading independent global infrastructure investment manager, today announced several senior hires to strengthen its investor relations, distribution and fund capabilities across North America, Europe and Asia.

I Squared Capital, a leading independent global infrastructure investment manager, announced today that Brian Collett and Michael Kumar have joined the firm. Brian Collett is joining as a Managing Director to engage and work with Institutional investors on strategic infrastructure investment opportunities. Michael Kumar is joining as a Senior Policy Advisor to advise I Squared on capital markets activities.

I Squared Capital, a leading independent global infrastructure investment manager, is pleased to announce that it has closed its first dedicated Climate Fund set up in conjunction with U.S. International Finance Development Corporation (DFC). DFC will commit $300 million alongside commitments from funds led by I Squared Capital of $900 million to invest in climate related infrastructure projects.

I Squared Capital, a leading global infrastructure investment manager, announced today it has agreed to invest up to $400 million in Órigo Energia, a leader in distributed energy generation in Brazil.

I Squared Capital, a leading global infrastructure investment manager, announced today that it is has opened a new office in São Paulo, Brazil.

Deutsche Bahn AG (DB) and I Squared Capital have signed an agreement for the sale of the whole of Arriva Group, including all of its operating businesses across 10 European markets, to I Squared, a leading global infrastructure investment manager. The transaction is expected to complete in 2024, subject to the customary closing conditions, including the approval of the DB Supervisory Board and the Federal Ministry for Digital and Transport of the Federal Republic of Germany.

I Squared Capital, a leading global infrastructure investment manager, announced today that it has signed an agreement to acquire, in an exclusive transaction, up to 95 percent of Absolute Energy, an investment platform focused on renewable energy and broader energy transition technologies. I Squared plans to invest up to €400 million into the company for the development and construction of a 3.0-gigawatt pipeline of solar photovoltaic, wind and storage projects to deliver low-cost, clean power and promote energy security in Italy. The platform will also target adjacent technologies that address the challenges of intermittent power generation, such as battery storage, grid stability and clean fuels. The transaction advances I Squared’s strategy to support the global energy transition by investing in, developing, and scaling assets and technologies that accelerate the transition to a low carbon energy system.

I Squared Capital, a leading global infrastructure investment manager, announced today that it has divested Energuate, its electricity distribution asset in Guatemala and a subsidiary of Inkia Energy, a leading power platform across Latin America, to Threelands Energy Ltd.

Star Leasing Company, a leading provider of trailer leasing and maintenance services and a portfolio company of I Squared Capital, announced today that it has signed an agreement to combine with Commercial Trailer Leasing (CTL), a full-service trailer lessor with a fleet size of over 19,000 assets serving both national and regional account customers throughout the United States. In conjunction with Star Leasing’s recent combination with North East Trailer Services (NETS), a leading trailer lessor with a fleet of over 10,000 trailers, the combined company will be one of the largest trailer lessors in the United States. The combined fleet size will be approximately 55,000 trailers by year-end with branches in the Northeast, Midwest, Southeastern, and Western regions of the U.S. The combined companies provide a full-suite of services including rentals, maintenance, trailer sales and integrated leasing to its customers, predominantly under long-term contracts.

I Squared Capital, a leading global infrastructure investment manager, announced today that its portfolio company, HEXA Renewables, has signed a memorandum of understanding to develop up to 1 gigawatt of hybrid solar photovoltaic projects in the southern tip of Peninsular Malaysia. The project is the first to be announced under Malaysia’s National Energy Transition Roadmap, which targets that 70 percent of the country’s energy capacity be sourced from renewables by 2050. The memorandum is signed with UEM Group Berhad (UEM), a wholly owned subsidiary and the green investment platform of Khazanah Nasional Berhad, the sovereign wealth fund of the Government of Malaysia; and ITRAMAS Corporation (ITRAMAS), the largest vertically integrated solar power plant developer, EPCC and service provider in Malaysia.

I Squared Capital, a leading global infrastructure investment manager, today announced that Gautam Bhandari, co-founder and Managing Partner, has been appointed as I Squared Capital’s Global Chief Investment Officer, responsible for leading the firm’s global investment strategy in close collaboration with founder, Chairman and Managing Partner Sadek Wahba. This new appointment is part of additional changes to its management and governance structure that will build on the firm’s success to further institutionalize I Squared Capital for the coming decade and beyond.

I Squared Capital, a leading global infrastructure investment manager, announced today that it has signed a definitive agreement, through its ISQ Global Infrastructure Fund III, to acquire Rentco, a leading transport equipment leasing company in Australia providing flexible equipment rental options. I Squared has committed a further AUS $300 million to promote Rentco’s growth across the country and pursue new trailer leasing opportunities. I Squared has both the resources and expertise to help Rentco’s next stage of growth, and Rentco is poised to benefit from closer relationships with I Squared’s global leasing platforms including FlexiVan, TIP Trailer Services, and Star Leasing. Following the transaction, I Squared Capital’s global transport and logistics portfolio will have over 264,000 trailers or chassis and 14,423 workshops with 3,700 employees in over 20 countries.

I Squared Capital, through its ISQ Global Infrastructure Fund III, has completed a growth capital investment in RPower, LLC, a distributed energy resource platform. I Squared has targeted up to $400 million of equity capital to fund growth initiatives including the development, construction, and ownership of distributed energy resources that provide resiliency and services to both the electric grid and commercial and industrial users. RPower’s dispatchable energy solutions can provide the reliability necessary to support the continued integration of renewable resources and facilitate the transition to a more sustainable future. The RPower management team has decades of combined experience in the power sector, specifically within distributed energy resources and asset optimization.

I Squared Capital, through its ISQ Global Infrastructure Fund III, has acquired a controlling interest in the Whistler Pipeline, a leading natural gas infrastructure asset, from First Infrastructure Capital, Ridgemont Equity Partners, affiliates of West Texas Gas Inc., affiliates of Stonepeak Partners LP and the WhiteWater management team.

I Squared Capital, through its ISQ Global Infrastructure Fund III, has established nLighten, an edge datacenter platform dedicated to delivering solutions for both traditional and low-latency use cases. I Squared has committed more than $500 million of equity to support nLighten’s ambition to bring high quality colocation services to underserved cities and regions across Europe. nLighten is part of I Squared Capital’s global datacenter portfolio, including KIO in the Americas and BDx in Asia.

I Squared Capital, a leading global infrastructure investment manager, announced today that it has signed a definitive agreement, through its ISQ Global Infrastructure Fund III, to acquire VLS Environmental Solutions (“VLS”) from Aurora Capital Partners, a leading middle-market private equity firm. VLS provides mission-critical, customized waste and specialty cleaning and repair services to a variety of highly regulated industries in North America. Financial terms of the transaction were not disclosed.

The Management Committee of I Squared Capital is pleased to announce that two dynamic industry veterans are joining our global team. Damian Darragh is joining as a Fund Partner for the ISQ Global Infrastructure Equity Funds covering renewables and the energy transition in the U.S. and Europe, bringing the total number of I Squared Capital partners to twelve. Tito Vidaurri is joining as a Senior Policy Advisor focusing on Mexican investment opportunities, as well as Latin America more broadly.

The Management Committee of I Squared Capital is pleased to announce the appointment of Andreas Moon as Partner, Chenhua Shen as Fund Partner, and Enrico Del Prete as Fund Partner, bringing the total number of partners at I Squared Capital to eleven. “In our tenth anniversary year, I am so proud to be part of this extraordinary group whose combined talents have contributed so much to the success of the firm,” said Sadek Wahba, Chairman and Managing Partner of I Squared Capital. “Our new partners have helped build I Squared Capital into a vibrant global platform with over $34 billion of assets under management and a diverse portfolio of infrastructure assets around the world. They have demonstrated the talent and innovation necessary to execute on our long-term strategy and help lead the firm on its next phase of growth.”

I Squared Capital, a leading global infrastructure investment manager, has closed its ISQ Global Infrastructure Fund III at the $15 billion legal cap, exceeding an initial target of $12 billion. Including commitments from I Squared Capital and a dedicated co-investment vehicle, the fund has $15.5 billion in investable capital and received commitments from over 200 institutional investors, including public and private pensions, sovereign funds, insurance companies, asset managers and family offices in 27 countries. I Squared Capital has targeted the deployment of approximately 36 percent of the fund in ten investments across its targeted sectors.

I Squared Capital, a Miami-based independent global infrastructure investment manager, today announced an investment in 1NCE, a provider of connectivity and software for the Internet of Things (IoT) at a global flat rate. The investment is through I Squared Capital’s Global InfraTech Fund, which targets innovative growth-stage companies applying transformative technologies, like IoT, to key sectors, including transportation and logistics, the energy transition, and digital infrastructure.

Fiera Infrastructure Inc. (“Fiera Infrastructure”), a leading global mid-market direct infrastructure investor and an affiliate of Fiera Capital Corporation (TSX: FSZ) (“Fiera Capital”), announced today that it has acquired 100% of the equity interests in Cube District Energy (“Cube”), a premier US landfill gas-to-energy platform, from I Squared Capital.

I Squared Capital, a leading global infrastructure investment manager, has completed the acquisition of KIO Networks, Mexico’s largest data center operator and a leading digital infrastructure service provider. The company has a strong regional presence with assets in Mexico, Central America and the Caribbean through an extensive network of data centers with over 20 megawatts of installed operational capacity and significant expansion potential.

I Squared Capital, through its ISQ Global Infrastructure Fund III, has agreed to acquire a majority interest in SOILCO Pty. Ltd, a leader in the organics recycling industry in Australia from its shareholders and has committed a further $300 million to support the platform’s growth across the country. SOILCO has over 30 years of operational experience in waste processing from designing, building and operating facilities that help households and businesses reduce landfill use by transforming organic waste into high quality soil health products for agriculture and urban market applications such as turf, landscaping and gardening. This investment aligns well with Australia’s National Waste Policy Action Plan 2019, which seeks to halve the amount of organic waste placed in landfills by 2030, with a potential to divert approximately 2.7 million tons of organic waste every year. 1

I Squared Capital, a leading global infrastructure investor, has established Cube Green Energy, a renewable energy platform dedicated to accelerating the energy transition to a zero-carbon economy. The platform will develop, repower, construct, and operate wind and solar farms, as well as invest in the deployment of associated emerging technologies such as battery storage and green hydrogen. Cube Green Energy’s initial focus will be the mature renewables markets in Continental Europe that are at the forefront of the energy transition.

I Squared Capital, through its ISQ Global Infrastructure Fund III and ISQ Growth Markets Infrastructure Fund, has invested approximately US$200 million as a first tranche of a US$300 million equity raise in AG&P City Gas. AG&P City Gas is a Singapore-based company that is developing twelve city gas distribution networks, or concessions, in India under the brand name AG&P Pratham, across 280,000 square kilometers, an area approximately the size of Italy. AG&P City Gas was previously owned wholly by the Atlantic, Gulf & Pacific Group (AG&P), a Singapore-based downstream LNG business.

I Squared Capital, through its ISQ Global Infrastructure Fund III and ISQ Growth Markets Infrastructure Fund, has signed an agreement to acquire KIO Networks, a leading digital infrastructure service provider in Mexico. The company is the largest data center operator in Mexico, with a strong regional presence in Central America and the Caribbean through an extensive network of 11 core data center campuses and 11 EDGE facilities, with over 20 megawatts of installed operational capacity and significant expansion potential.

I Squared Capital, through its ISQ Global Infrastructure Fund III, has formed Ezee Fiber, a new digital infrastructure platform to invest in fiber networks in growing and underserved U.S. markets. As the inaugural investment for the platform, Ezee Fiber has acquired ICTX WaveMedia, a 2,000-kilometer carrier-grade, all-fiber connectivity provider servicing homes, businesses, government agencies, educational institutions, and carriers in the Houston metropolitan area.