Canada's Fiera buys 50% stake in Isle of Wight ferry operator Wightlink

Fiera Infrastructure has acquired a 50% equity interest in Isle of Wight ferry operator Wightlink from Basalt Infrastructure Partners for an undisclosed sum.

Basalt will continue to have a 50% stake in Wightlink, a company it reportedly acquired from Macquarie for about £230m in 2015.

Fiera said the investment in Wightlink will be added to its open-ended global midmarket infrastructure strategy.

Wightlink, which has provided services for more than 160 years, is one of the leading domestic ferry operators in the UK, serving 4.5m passengers and running more than 45,000 crossings annually.

Alina Osorio, president of Fiera Infrastructure, said: “We believe that Wightlink is uniquely positioned within its market and has a long history of operating on the Solent.

“We are delighted to be the new owners of the largest cross-Solent ferry operator and remain committed to investing in the business.

Related images

  • Wightlink

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2575

    Asset class: Core Real Estate Muli-Manager Separate Managed Account.
    Asset region: Global.
    Size: CHF 150m.
    Closing date: 2019-12-20.

  • QN-2578

    Asset class: Sovereign Local Currency Emerging Market Debt.
    Asset region: Local emerging markets.
    Size: EUR 950m.
    Closing date: 2019-12-19.

  • QN-2582

    Asset class: Emerging Market Corporate Debt Hard Currency Investment Grade.
    Asset region: Emerging Markets.
    Size: USD 40 – 60 m.
    Closing date: 2020-01-07.

  • IN-2584

    Closing date: 2019-12-23.

Begin Your Search Now