OFI InfraVia makes fourth acquisition, approaches final close
French fund manager OFI InfraVia has bought a 24 percent stake in Régaz, the Bordeaux, France, regulated gas distribution network, for €46.5 million ($64 million) from Dalkia France.
The acquisition was made on behalf of the InfraVia European Fund II, OFI InfraVia's second European infrastructure fund, which marks the fund’s fourth investment.
InfraVia European Fund II aims to hold a final close at the end of January. The firm held a first close in October 2012 with €150 million ($205 million) in commitments.
InfraVia II has a €400 million ($547 million) fundraising target and is approximately 25 percent invested. Recently, Outokumpu sold its electricity distribution network at the Tornio site in Finland to InfraVia II for €63 million ($86 million).
InfraVia II is thesuccessor fund of In