ECONOMY

Infrastructure investor Antin plans IPO in bid to ride public spending wave

Antin Infrastructure Partners SAS updates

Infrastructure investment firm Antin plans to list in Paris as it seeks to capitalise on a looming public spending boom in wealthier nations.

The Paris-based private equity investor said on Friday it was considering a capital increase of about €350m through the issuance of new shares, as well as a limited sale of existing shares held by its co-founders.

Antin’s management would retain the majority of shares and remain “strongly committed” to the company following the initial public offering. 

“Since its inception in 2007, Antin Infrastructure Partners has played a pioneering role in developing infrastructure as an asset class,” said Alain Rauscher and Mark Crosbie, co-founders and managing partners. “As many OECD countries are on the cusp of a major step change in infrastructure investment, Antin is well-positioned to leverage its expertise and innovative strategies to seize these market opportunities.”

Antin manages four funds that invest in infrastructure in Europe and North America, with a focus on the energy and environment, telecommunications, transportation and social sectors.

The firm has raised approximately €17bn of capital since its inception, with holdings in UK telecoms group CityFibre and UK motorway services operator RoadChef.

It expects earnings before interest, tax, depreciation and amortisation to reach €92m this year after one-off IPO transaction costs of about €16m, down from €132m in 2020.

Net income is expected to reach approximately €60m, down from €93m.

Antin’s statement stressed that its responsible investment policy was framed around the six UN principles for responsible investment. 

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