Signing of maiden investment

RNS Number : 4164F

Pantheon Infrastructure PLC

21 March 2022

 

PINT Announcement

21 March 2022

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR TO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY MEMBER STATE OF THE EEA OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.

PANTHEON INFRASTRUCTURE PLC

Investment in European Transport & Logistics Company

Pantheon Infrastructure PLC ("PINT" or the "Company"), the listed global infrastructure fund, has agreed to invest €43m (£36m at current exchange rates) in a European transport and logistics company through Pomodoro Holdings Limited ("Pomodoro"), a company controlled by funds managed by affiliates of Apollo Global Management, Inc. ("Apollo"). Apollo is a leading global alternative investment firm with a successful track record in the transport and logistics sector. This is PINT's first investment since it launched on the London Stock Exchange following a successful and substantially over-subscribed £400m initial public equity offering in November 2021.

The investee company is a specialist market leader in cold chain warehousing, transport and supply-chain management that provides essential export and import operations of fruits and vegetables. The company has a pan-European presence and benefits from a number of strategic partnerships and established, long-term client relationships across the continent. Importantly, it also has a dedicated Research and Development and ESG team focused on several sustainability initiatives, including working towards a 2030 net zero emissions strategy.

The investment is in line with PINT's stated strategy of building a diversified portfolio of global infrastructure assets. Specifically, the investment is in an evolving segment of the transport and logistics sector that is becoming increasingly attractive given the fragmented market, resilience of cash flows and opportunities for value creation.

Richard Sem, Partner at Pantheon, PINT's investment manager, commented:

"We are pleased to announce the signing of PINT's maiden investment. We believe this is a highly accretive growth opportunity and we are particularly pleased to have partnered with such a reputable sponsor in Apollo and with the highly experienced company management team."

Vagn S ørensen, Chairman of the Company, commented:

"We're delighted to announce PINT's first investment, which will support our objective to provide attractive risk-adjusted returns through investments in high-quality infrastructure assets primarily located in developed markets."

For further information, contact: 

Pantheon Ventures (UK) LLP Investment Manager Richard Sem, Partner Ashley Wassall, Head of Client Communications	[phone] [e-mail] [e-mail]
Investec Bank plc Corporate Broker Tom Skinner (Corporate Broking) Lucy Lewis, Denis Flanagan (Corporate Finance)	[phone]
TB Cardew Public relations advisor Ed Orlebar Tania Wild Max Gibson	[phone] [e-mail] [phone] [phone] [phone]

Notes to editors

PINT

PINT is a closed-ended investment company and an approved UK Investment Trust, listed on the Premium Segment of the London Stock Exchange's Main Market.  The independent Board of Directors of PINT have appointed Pantheon, one of the leading private markets investment managers globally, as investment manager. PINT aims to provide exposure to a global, diversified portfolio of high-quality infrastructure assets through building a portfolio of direct co-investments in infrastructure assets with strong defensive characteristics, typically benefitting from contracted cash flows, inflation protection and conservative leverage profiles.

Further details can be found on PINT's website at www.pantheoninfrastructure.com

LEI: 213800CKJXQX64XMRK69

Pantheon

Pantheon is a leading global private equity, infrastructure & real assets, private debt and real estate investor with 40 years' experience sourcing and executing private market investment opportunities on behalf of clients. Pantheon has $81.2 billion in assets under management and advice (as at 30 September 2021) and employs approximately 400 staff, including more than 115 investment professionals across offices in  London, San Francisco, New York, Chicago Hong Kong, Seoul, Bogotá, Tokyo, Dublin and Berlin.

Further details can be found at www.pantheon.com

 

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