DIF, an independent infrastructure fund manager based in Amsterdam, has acquired a 100 percent stake in American Roads from Syncora Holdings through its fund DIF Infrastructure V.
American Roads is an infrastructure holding company that owns and operates, through its subsidiaries, four toll bridges in Alabama and a concession-lease of the U.S. side of an international tunnel crossing connecting Detroit, Michigan and Windsor, Ontario.
DIF has €5.6 billion ($6.5 billion) of assets under management across seven closed-end infrastructure funds and several co-investment vehicles. It invests in greenfield and brownfield assets located primarily in Europe, North America and Australasia.
