A consortium consisting of Columbia Threadneedle’s European Sustainable Infrastructure Fund (ESIF) and French ferry operator Brittany Ferries, has purchased Condor Ferries for an undisclosed amount. Condor Ferries operates lifeline freight and passenger ferry services between Guernsey, Jersey, the United Kingdom, and the Port of St. Malo in France.
The seller was Macquarie European Infrastructure Fund II, managed by Macquarie Infrastructure and Real Assets.
The buy marks the first investment by ESIF, which acquired a majority stake in Condor Ferries. ESIF is an open-ended fund that invests in European mid-market equity assets. In June 2018, Columbia Threadneedle said it planned to build an infrastructure investment vehicle for its institutional clients. The fund is managed by four senior infrastructure specialists led by Heiko Schupp, global head of infrastructure investments, which have a combined 70 years of industry experience.
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