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3i acquires assets from EGIF

EISER Global Infrastructure Fund has sold a portfolio of assets that include Belfast City Airport and ESP Utilities to 3i Group plc. No financial terms were disclosed.


London, 01 June 2017

EISER Finance Limited (“EISER”) announces that it has reached financial close on a portfolio sale of assets to a fund managed by 3i Group plc (“3i”) from the EISER Global Infrastructure Fund (“EGIF”).

As part of the original sales agreement with 3i, EISER’s existing investors in EGIF were offered the opportunity to choose liquidity or to remain invested in the assets through a right to reinvest into the new fund managed by 3i.

The portfolio sale includes all of EGIF’s UK assets, Belfast City Airport and ESP Utilities; its remaining Italian assets HERAmbiente, the Italian waste treatment and disposal company; as well as certain of its Spanish assets, including EGIF’s four transportation concession companies that it co-owns with Sacyr ‒ two operating shadow toll roads and two operating Madrid bus terminal interchanges.

EISER maintains, within EGIF, its holding in three thermal solar power plants in Spain, ASTE/ ASTEXOL, which combined operate 150 Megawatts of energy production. EISER recently was awarded a positive ruling by the International Centre for Settlement of Investment Disputes in regard to its claim against the Kingdom of Spain relative to its investment in ASTE/ASTEXOL.

The portfolio sale follows EISER’s successful sale last year of Società Gasdotti Italia S.p.A., an Italian company which owns and operates an integrated network of high pressure natural gas pipelines, to Macquarie Infrastructure and Swiss Life Asset Managers.

EISER is a multinational asset manager specialising in deploying and managing equity and debt instruments in the real assets class both in mature and emerging markets. EISER is headquartered in London and has a representative office in Johannesburg, South Africa, which covers sub-Saharan developments.