Infrastructure investor Infranity has provided a €190m financing package to European aerial emergency services (AES) provider Eliance.

Eliance, majority-owned by a value-add infrastructure fund managed by Swiss Life Asset Managers, operates predominantly in Spain and Italy and manages public contracts in emergency medical services, search and rescue, and firefighting segments.

Infranity said the loan provides Eliance with stable, long-term funding and additional capital for future growth.

Georgios Tzimas, investment director at Infranity, said: “We are pleased to announce the successful closing of the financing for Eliance, marking a significant milestone in our ongoing commitment to essential social infrastructure investments.

“Eliance’s concession-based model characterised by its mission-critical nature and asset heaviness aligns perfectly with our mandate. This financing not only ensures the sustainability of Eliance’s operations but also paves the way for future growth and innovation in the AES sector.”

Matthew Dooley, investment director at Swiss Life Asset Managers, said: “On behalf of the Eliance shareholders, we are delighted to welcome Infranity as our new financing partner and extend our gratitude for the confidence shown in Eliance’s vision and future growth potential.

“We look forward to working closely with Infranity to deliver on the strategic objectives of the company as it looks to expand its operations in the AES sector.”

In April, Buenavista Equity Partners and Himilcon agreed to sell their majority stake in Eliance to Swiss Life Global Infrastructure Opportunities Growth II for an unspecified amount, with existing shareholder RiverRock remaining as a minority investor in the company.

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