Dutch pension fund asset manager PGGM has taken full control of infrastructure investor, developer and operator Invesis by acquiring Royal BAM Group’s 50% stake for €105m.
Established in 2011 to invest in public-private partnership (PPP) projects, Invesis has expanded its portfolio to encompass 50 infrastructure investments under management.
Following PGGM’s acquisition of a 50% equity stake in 2020, the company has evolved into an independent global developer of infrastructure, with a local presence in the Netherlands, Belgium, Germany, the UK, Ireland, Australia and North America.
Natasha Mol-Knechtel, head of PPP and social infrastructure investments at PGGM, said: “We look forward to Invesis continuing to actively identify opportunities for investment in PPP and other sectors aligned with PGGM’s and its client PFZW’s ambitions to invest long-term in infrastructure, and as an enabler for the public sector to provide sustainable infrastructure solutions closely matched with their social or community needs or decarbonisation and climate change priorities.”
Chris Williams, CEO of Invesis, said: “We are excited to embark on this new phase of our journey with PGGM, building on nearly 15 years of successful collaboration as they support the next stage of our growth as a global infrastructure investor developer.
“Together, we will continue to develop and deliver transformative infrastructure projects that make a real difference to people’s lives, contribute positively to the environment and the communities we serve, and create a lasting legacy for future generations.”
This article has been updated to include the acquisition price.
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