Antin Infrastructure Partners SAS updates
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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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