21 December 2020
Infracapital, the Infrastructure equity investment arm of M&G Plc, has agreed the sale of its 100% stake in Falbygdens Energi AB (“FEAB”) to Nordion Energi AB. FEAB is an integrated, high-quality provider of core infrastructure including electricity distribution, district heating and fibre in Falköping, Sweden.
Infracapital acquired the business from the municipality of Gothenburg in 2013, and has since delivered numerous successful initiatives to establish the business as a standalone entity, develop its commercial focus and improve sustainability:
‘We’re extremely proud of establishing FEAB as a successful and sustainable standalone business. The company has a capable and proven management team with the ability to deliver further growth in the coming years. Our investment in FEAB is testament to Infracapital’s long-term sustainable investment approach, providing value to our investors and having a positive impact on the communities in which we operate’
Infracapital invests in, builds and manages a diverse range of essential infrastructure to meet the changing needs of society and support long-term economic growth. We take an active role in all of our investments, whether nascent or large, to fulfil their potential and ensure they are adaptable and resilient. Our approach creates value for our investors, as we target investments with the scope for stable and sustainable growth. Our portfolio companies work closely with the communities where they are based, to the benefit of all stakeholders. Infracapital is well positioned to deliver the significant investment required to help build the future. The founder-led team of experienced specialists has worked with more than 50 companies around Europe and has raised and managed over £6.5 billion of client capital across six funds.
Infracapital is part of M&G Plc, a leading European savings and investments business. M&G manages the long-term savings of more than 5 million people and is a major investor in the UK and in the global economy. Total assets under management are £339 billion (as at 30 June 2020).
FEAB supplies electricity, heat and fibre broadband to customers in the municipality of Falköping. FEAB’s district heating network is supplied by 100% renewable energy and was marked ‘Good Environmental Choice’ by the Swedish Society for Nature Conservation. The company operates an electricity network of over 2,200 km with over 17,000 customers.
If you require any further information, please contact:
Tom Murray / Nick Laitner, tel. +44 20 7353 4200