Macquarie Asset Management Acquires 50% Stake in Last Mile Infrastructure Group from Infracapital

Macquarie Asset Management Acquires Remaining 20% of National Gas

July 26, 2024

Energy

Macquarie Asset Management, via a consortium of its managed equity and funds, has exercised its option to acquire the remaining 20% equity stake in National Gas from National Grid, giving the consortium 100% ownership. The move secures full control to support National Gas’s operation of the UK gas transmission network and accelerate future initiatives such as hydrogen network development and other decarbonisation projects.

Macquarie Asset Management-led consortium to acquire further 20% stake in National Gas

July 19, 2023

Energy

A consortium led by Macquarie Asset Management has agreed to acquire an additional 20% equity interest in National Gas from National Grid, taking the consortium's total ownership to 80%. The deal, on equivalent terms to the original January 2023 transaction, is subject to regulatory clearance and is expected to complete in the second half of 2023; the consortium also holds an option to acquire the remaining 20% between May and July 2024.

Macquarie Asset Management Acquires 50% of Enel Green Power Hellas

December 29, 2023

Renewable Energy

Macquarie Asset Management, on behalf of co-investors and managed funds, has acquired a 50% stake in Enel Green Power Hellas from Enel Group for approximately €250 million. The deal covers a 566 MW portfolio of onshore wind, solar and hydropower projects in operation or under construction in Greece and establishes a joint venture to accelerate development, storage and hybrid solutions across the company's pipeline.

Macquarie Asset Management Acquires Minority Stake in Dow's U.S. Gulf Coast Infrastructure to Launch Diamond Infrastructure Solutions

December 9, 2024

Infrastructure

A fund managed by Macquarie Asset Management agreed to acquire a 40% minority equity stake (with an option to increase to 49%) in select U.S. Gulf Coast infrastructure assets of Dow Inc., forming a new joint-venture platform called Diamond Infrastructure Solutions. The assets—site utilities, power and steam production, pipelines, environmental operations and storage—span five Dow sites in Texas and Louisiana; the transaction provides Dow with cash proceeds (approximately $2.4bn initially, up to ~$3.0bn if Macquarie increases to 49%) and creates a specialist infrastructure operator to serve Dow and third-party industrial customers.

Infracapital Acquires GB Railfreight from EQT-backed Hector Rail

September 23, 2019

Transportation

Infracapital, the infrastructure equity arm of M&G, has agreed to acquire GB Railfreight Limited from EQT Infrastructure II via its portfolio company Hector Rail Group. GB Railfreight, headquartered in London with around 900 employees and a fleet of over 180 locomotives and 1,500 wagons, is the third-largest rail freight operator in the UK; the transaction is expected to close mid-October 2019.

Macquarie Asset Management Acquires Majority Stake in Southern Water

August 9, 2021

Utilities

Macquarie Asset Management has agreed to acquire a majority stake in Southern Water Services Limited and will invest over £1 billion of new equity to recapitalise the business. The capital will strengthen Southern Water’s balance sheet and fund a multi-year £2 billion investment programme to reduce leaks and pollution incidents, improve customer service, and boost financial resilience.