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The deal marks the Connecticut firm’s first investment in the UK digital infra market and values the company at around £200m.
data centre
The NY-based firm is investing in data centres for the first time through its infra platform, backing the launch of Global Technical Realty, which will focus on the European market.
Solar energy in the sea
The firm intends to bring a ‘bespoke’ UK-focused product to market this year, with the Low Carbon Power Fund approaching full deployment.
The move comes despite announcements from British Airways and Virgin Atlantic on a suspension of activities at the London site.
The firm agreed the sale of Portuguese toll road operator to APG, NPS and Swiss Life last week, the final asset of its €2.2bn first fund.
Tom Sumpster’s departure comes after LGIM’s attempts to expand its infra strategy beyond senior debt hit roadblocks.
The firm is planning to reach its £400m target later this year, with half of the fund being provided by the UK government.
The UK government has decided to assess financial support for airports during covid-19 on a case-by-case basis, rather than providing a wholesale support package.
Hooton Bio Power energy-from-waste plant in Cheshire, UK
The deal to acquire Viridor is the second in the UK for KKR's third infrastructure fund after a deal in October to buy broadband provider Hyperoptic.
The London-headquartered manager raised over €2.7bn for its combined previous four vehicles.
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