Pantheon Infrastructure (PINT) is investing €47m in Dutch electricity infrastructure company Fudura.

The London-listed global infrastructure fund said it is co-investing alongside DIF Capital Partners.

As previously reported, PGGM and DIF will each buy a 50% stake in Fudura, a company owned by Dutch utility services firm Enexis.

Fudura is a business-to-business owner and provider of medium-voltage electricity infrastructure in the Netherlands, with a focus on transformers, metering devices and related data services. The company currently has 22,000 business customers.

Richard Sem, a partner at Pantheon Ventures, PINT’s investment manager, said: “We are very pleased to announce our latest investment into this asset that provides essential electricity infrastructure to its clients.

“As an Article 8 fund under the Sustainable Finance Disclosure Regulation, PINT and Pantheon are especially committed to portfolio companies’ impact on the environment, as well as to societal and governance issues.

“The investment in Fudura fits well with our objectives and PINT’s strategy and we look forward to our partnership with DIF on this asset.”

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