Foresight Group has acquired Australian specialist infrastructure manager Infrastructure Capital Group for up to A$140 million ($95 million).
Infrastructure Capital Group, one of Australia’s largest private renewable generators, offers investment management and asset management products and services to Australian and international institutional investors. The company manages three flagship funds and has 44 percent of its assets under management invested in renewable energy.
With £2.8 billion ($3.3 billion) of assets under management, Infrastructure Capital is currently owned primarily by Log Creek, as well as other non-management shareholders and management.
The acquisition will allow Foresight to strengthen its presence in the Australian infrastructure and renewables market and diversify its revenue profile, increasingly positioning the group internationally. The combined group is expected to be one of the leading independent renewable generation and infrast