Macquarie Infrastructure Partners VI (MIP VI), an unlisted infrastructure fund managed by Macquarie Asset Management (MAM), has exercised its option to acquire an additional 9 percent equity stake in Diamond Infrastructure Solutions.
In May, MAM joined forces with Dow to acquire a 40 percent equity stake in the U.S. Gulf Coast infrastructure assets of Dow, creating a new partnership known as Diamond Infrastructure Solutions. Diamond, the largest chemical park in the Western Hemisphere, is a specialist infrastructure provider to Dow Inc. and other industrial customers at its five locations in Texas and Louisiana.
According to the terms of the agreement, MAM was to pay Dow $2.4 billion of initial cash proceeds for the initial 40 percent minority equity stake and retain the option to increase its equity share to 49 percent within six months of c
