DIF Capital Partners has sold its 45% stake in a German university hospital project to the current co-shareholder company owned by Dutch asset manager PGGM and Royal BAM Group.
Invesis, formerly known as BAM PPP, has acquired the DIF Infrastructure III fund’s stake in the University Hospitals Schleswig-Holstein (UKSH) public-private partnership (PPP) project to become a 95% shareholder in the project. Financial details were undisclosed.
The UKSH PPP focuses on the construction, renovation and maintenance of the medical care centre’s locations in Kiel and Lübeck.
DIF originally invested in the UKSH PPP project in 2014, alongside current co-shareholders Invesis and VAMED Deutschland Holding.
Kieron Meade CEO of Invesis, said: “Invesis’s mission is that every long-term relationship we enter begins with a sustainable future in mind. This transaction emphasises the long-term commitment of Invesis to both the healthcare sector and to our projects and partners, increasing our shareholding on projects where the opportunity arises and facilitating our mission to build lasting legacies for future generations.”
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