AMP Capital boosts London infra equity team

The Australian firm has recruited a former consultant from ESVAGT, an oil services business it co-owns alongside 3i Infrastructure, as principal.

AMP Capital has hired Philip Pacey as principal for its London-based infrastructure equity team.

Pacey will join the platform’s asset management, which is invested across transport, energy, telecoms and utilities. He is to commence on Thursday, reporting to head of asset management for Europe David Rees.

He was most recently an independent consultant for ESVAGT, a provider of emergency response and rescue services in the offshore oil and gas industry in Denmark and Norway. AMP Capital and 3i Infrastructure co-own the business.

Prior to ESVAGT, Pacey served in senior finance and operational roles at Virgin Rail, Metronet Rail and GNER, and in the Go-Ahead airport services and car parking businesses prior to their disposal by the UK listed group.

His arrival will coincide with an uptick in deal activity at the firm, which only last week announced its decision to seed Evergen, an Australian energy efficiency start-up that uses weather pattern forecasts to help households save on power and make the most of their solar batteries.

Also this month, AMP Capital agreed to acquire 100 percent of Axión, a Spanish telecommunications infrastructure company, from European fund manager Antin Infrastructure Partners. Axión is the second-largest tower business in Spain and the largest in Andalusia, according to Antin.