Bahrain’s GFH co-invests with Equitix in Europe’s infra sector

Bahrain-based GFH Financial Group’s (GFH) sustainable infrastructure platform Infracorp has announced its first co-investment in the European infrastructure sector with London-based fund manager Equitix.

The two entities will invest in Aurora Infrastructure Oy (Aurora), a monopoly electricity distribution network operating in Finland. 

Aurora serves a blue-chip international industrial client base and has invested more than €4.5 billion combined in the company’s two sites (AKO and ATO) since 2005. 

Aurora’s AKO site serves government-backed and/or listed customers in traditional fuels, renewable fuels and chemical products segments, with its main clients being Neste, Borealis, Linde and Veolia. Its ATO network, meanwhile, serves Outukumpu, the largest integrated plant and the only fully integrated stainless steel facility in the world. 

Infracorp will also enter into future collaborative discussions with Equitix, the statement said.

Equitix has over $11.7 billion of assets under management and is the infrastructure investment division of Tetragon, a global asset management group that manages $80 billion of assets on behalf of its clients. 

From this initial partnering, Infracorp will explore possible further opportunities to work with Equitix to invest in select infrastructure deals on a discretionary basis. 

Majed Al Khan, CEO of Infracorp, said: “Aurora’s electricity distribution network connects its customers’ sites to the main power grid, making them strategic for the European and global value chain in the chemicals and stainless-steel industries. There is no alternative electricity distribution network available to its customers at these sites making this a unique asset.”

“The investment opportunities in infrastructure remain extensive,” said Hugh Crossley, CEO at Equitix.