DIF Capital Partners is selling stakes in three Irish roads to Semperian PPP Investment Partners for an undisclosed sum.

DIF said its DIF Infrastructure III (DIF III) has agreed to sell its stakes in M3 Motorway, M4 Motorway and M50 Motorway to the UK social infrastructure investor.

DIF said the sale of these assets means DIF III is almost fully divested as the end of the fund life approaches. DIF invested in the Irish roads portfolio between 2013 and 2016.

Andrew Freeman, the head of exits at DIF, said: “We are very pleased with the sale of this high quality roads portfolio which delivers a strong exit outcome for our DIF III investors.

“We are confident that Semperian will be an excellent counterparty to the projects going forward given their extensive experience in managing these type of assets.”

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