Royal London, the largest mutual life, pensions and investment company in the United Kingdom, has plans to acquire Dalmore Capital, a U.K.-based infrastructure manager.
Dalmore specializes in long-term core and core-plus infrastructure investments. The firm invests in assets that provide essential public services, including schools, hospitals and other public service buildings, in addition to roads, utilities, trains, waste treatment and energy generation assets. Investments are located in the United Kingdom, Ireland, continental Europe and Canada.
Dalmore has around 130 infrastructure assets in its portfolio and manages approximately £6 billion ($8 billion) of assets across five flagship funds. Assets include the Thames Tideway Tunnel, as well as 24 operational wind farms in the United Kingdom with total capacity of 562 megawatts and a portfolio of run-of-the-river hydro generation projects in Scotland.
The transaction supports Royal London’s strategy to bro
