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The French manager has already deployed circa €1bn from its latest core fund across transportation, digital and social infra in France, Spain and Portugal.
Meridiam has raised €8bn for a single asset fund to finance its share of the deal, which will see it take about 40% of the business.
Rejecting accusations of being ‘short-termist’, head of infra Mathias Burghardt told us Ardian will not seek to sell the assets it is looking to acquire from Suez alongside GIP.
The Paris-based fund manager expects to reach final close on $1.5bn before summer, a target which, if met, will make AAIF V nearly double the size of its predecessor.
The fifth fund, following on from the November 2019 closing of its predecessor, will for the first time be able to invest outside Europe.
The duo are offering a rival bid to the one led by Veolia, which had been preparing a takeover supported by Meridiam.
Sunset on solar panels in a village
The move, affecting plants awarded tariffs between 2006 and 2010, amounts to an ‘abuse of power’, according to an industry association.
Turnpike Toll
French authorities have allowed 'profits that have no relationship' with market risks, according to the research institute.
Battery pack
The deal to develop and maintain 10 battery systems also marks the French firm’s first infrastructure investment in Canada.
offshore wind in Korea
GIG will invest around $11.6bn in the five projects, with the majority of funds coming from Korean institutional investors.
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