Arcus Infrastructure Partners’ infrastructure Fund 1 (AEIF 1) and The José de Mello Group (JdM) have agreed to sell a combined 81 percent stake in Brisa Auto-Estradas de Portugal, a Portuguese international transportation company.
The buyer is a consortium consisting of APG Asset Management, the National Pension Service of Korea and Swiss Life Asset Management. The acquisition will be made through a vehicle directly and indirectly wholly owned by the consortium and jointly controlled by APG and NPS. Financial terms were not disclosed.
Arcus and JdM are both selling their 40.6 percent interests in the joint sale. Simon Gray, Arcus co-managing partner, said the sale marks the sixth and final investment for AEIF 1, following the sale of a 41.1 percent stake in Arcus’ passenger train and locomotive leasing business Alpha Trains to APG.
The transaction is expected to close at the end of third quarter 2020 and is subject to certain regulatory conditions.
