AMP Capital’s fourth infrastructure debt fund has invested in a UK ports operator.
The Australian fund manager said its $6.2bn AMP Capital Infrastructure Debt Fund (IDF) IV fund has closed a “significant investment in a junior HoldCo facility secured against Peel Group’s 37.6% stake in Peel Ports”.
Peel Ports, the second largest port group in the UK, has seven ports which serve a broad variety of customers and handle a diversified range of cargoes, from locations in Liverpool, Manchester, London Medway, Glasgow, Dublin and Great Yarmouth. The company operates through the core business segments of ports and shipping.
Emma Haight-Cheng, head of AMP Capital infrastructure debt in Europe said Peel Ports is an exceptional asset for AMP Capital investors, representing a very well-managed, robust business with highly diversified business segments.
“The variety of cargo types provides resilience in the business, as demonstrated by its solid growth rates through different macroeconomic cycles.
“Peel Ports benefits from solid long-term relationships with a highly diversified, blue-chip client base in key strategic locations in the UK; its ports have excellent connectivity with nationwide access to key commercial centres and highly populated areas of the UK.”
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