Double investment for Pantheon Infrastructure – Pantheon Infrastructure (PINT) has agreed to invest approximately £40m alongside a Macquarie Asset Management-led consortium, which has agreed to acquire a 60% stake in the UK gas transmission and metering business of National Grid.
The business owns and operates the UK’s regulated national gas transmission system and an independent gas metering business. The 7,660-kilometre transmission system plays a critical role in the UK energy landscape, reliably transporting the gas needed to heat homes and power industry and electricity generation. The consortium intends to support the UK Government’s commitment toward Net Zero by 2050 by facilitating the shift toward low carbon heating. The investment is in line with PINT’s stated strategy of building a diversified portfolio of global infrastructure assets.
Meanwhile, PINT has also invested in the take-private of CyrusOne, a premier global data centre business, through a KKR-affiliated investment vehicle. PINT’s portion of the net asset value of the vehicle is approximately £21m. The investment is in line with PINT’s strategy of building a diversified portfolio of infrastructure assets, with a focus on sectors benefitting from strong tailwinds.
[We will be talking to the manager of Pantheon Infrastructure on the weekly show on Friday 13 May.]
PINT : Double investment for Pantheon Infrastructure