Two funds managed by DIF Capital Partners — DIF Infrastructure III (DIF III) and DIF Infrastructure IV (DIF IV) — have agreed to sell their 10.66 percent shareholding in Thames Tideway Tunnel, the largest single-asset in the U.K. water sector.
The buyers are DIF’s existing co-shareholders in the project, which include an affiliate of Allianz Capital Partners, two Amber Infrastructure-related entities (International Public Partnerships and Swiss Life Asset Managers) and Dalmore Capital.
The 25-kilometer (15.5-mile) Tideway tunnel will help prevent the release of 37 million cubic meters (1.3 billion cubic feet) of untreated sewage that is currently discharged into the River Thames in a typical year. The “super sewer” is expected to increase the capacity of London’s sewer network and help to transform the River Thames into a healthier and cleaner river.
DIF invests in infrastructure companies and assets located primarily in Europe, the Americas, and Aus
